Description :The Asmara Project approximately 700 square kilometres in central Eritrea, located immediately to the north, south and west of the capital city of Asmara in North Africa. The infrastructure is excellent with roads, power, water and airports servicing the project area. Sunridge has drilled over 250,000 metres on the Asmara project. The Asmara Project hosts four deposits, three of which, Emba Derho, Debarwa and AdiNefas, have combined TSX 43-101 Measured and Indicated resources totaling: 1.28 billion pounds of copper, 2.5 billion pounds of zinc, 955 000 ounces of gold and 31.2 million ounces of silver.
Status : Procedural
Type : Infrastructure
Region : Eritrea
Sector : Private
Value : R 100 million+
Timing : 2015 onwards
Notes: Sunridge Gold is pleased to announce that Sichuan Road & Bridge Mining Investment Development Corp. has informed Sunridge that it has received regulatory approvals within China from the Sichuan provincial government and the Sichuan State-Owned Asset Supervision and Administration Commission of the State Council for SRBM’s purchase of the 60% interest in the Asmara Mining Share Company holder of the Asmara Project in Eritrea. These approvals represent the most important Chinese regulatory consents for SRBM to complete the sale transaction with Sunridge.
If you are a valued Projects subscriber, you can find more details at PPA 9290.
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