logo-loader
viewSunrise Resources PLC

Sunrise Resources gets the go-ahead for work programme at NewPerl

NewPerl is part of the wider CS pozzolan-perlite project in Nevada

1557818314_Sunrise---perlite-bulk-sample.jpg
A perlite bulk sample from CS

Sunrise Resources PLC shares jumped on Tuesday as it said it has had its permit submission for exploration at the NewPerl perlite project in the USA approved by the Bureau of Land Management.

The work programme is designed to test the Knoll prospect at NewPerl.

READ: SVS has ‘speculative buy’ on Sunrise Resources, sees 0.41p target rising sharply as permitting progresses

The permit allows for eight drill holes and bulk sampling of up to 1,000 tons.

Perlite from the surface of the Knoll Prospect has returned excellent expansion results in testing for coarse and super coarse horticultural applications.

"We see potential for the NewPerl project to provide a supplemental feed to the CS project,” said Sunrise chairman Patrick Cheetham.

“Our objective is to define mineable tonnages of premium quality perlite that can be processed using the planned CS project infrastructure. This will allow us to move into commercial-scale testing of samples from NewPerl at a much earlier stage than was possible for the CS project."

In afternoon trading, shares in Sunrise Resources were 10% higher at 0.11p.

 -- Adds share price --

 

Quick facts: Sunrise Resources PLC

Price: 0.13 GBX

AIM:SRES
Market: AIM
Market Cap: £4.31 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Sunrise Resources PLC named herein, including the promotion by the Company of Sunrise Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: Crispin Odey wades into Sirius Minerals takeover battle

Headlines from the Proactive UK newsroom. Crispin Odey has slammed the proposed takeover of Sirius Minerals (LON:SXX) by Anglo American. His hedge fund, Odey Asset Management, has declared a 1.29% stake in the potash group and says the 5.5p per share offer is not fair and should not have been...

on 19/2/20

2 min read