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Sunrise Resources lifted by VR Resourced Ltd’s exploration success at the Junction project

Tuesday, April 17, 2018 5:33
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Shares in Sunrise Resources Plc (LON:SRES) surged after an exploration update on the Junction project in Nevada, in which Sunrise has an interest.

VR Resources Ltd (CVE:VRR) revealed that that surface exploration is in progress at its Junction copper-silver property in north-western Nevada.

A gravity survey has been completed and a large, high contrast gravity anomaly has confirmed the down-dip potential of copper-silver veins at the Denio Summit target in the western part of the property.

An induced polarisation survey (IP) is now taking place to evaluate and refine the target.

VR also revealed that it had increased the size of the Junction property again by staking an additional 19 claims within the area in which Sunrise is interested.

“We are compelled to see the strong spatial association of the gravity anomaly and surface copper-silver showings at the Denio Summit target; the size and magnitude (density contrast) of the anomaly are evidence for the down-dip continuation of the sulphide veins, and potentially a sulphide bearing intrusive source,” VR said.

“The overall vein system at Junction extends for six kilometres along the Antelope Shear Zone; our work this spring will increase our understanding of the entire system, and more specifically refine and evaluate the Denio Summit target for first-pass drilling,” the company added.

Shares in Sunrise were up 4% at 0.13p in lunchtime trading.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/195160/sunrise-resources-lifted-by-vr-resourced-ltd-s-exploration-success-at-the-junction-project-195160.html

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