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As of 2:13 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

sunridge gold corp (SGC) Snapshot

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sunridge gold corp (SGC) Details

Sunridge Gold Corp. focuses on the acquisition, exploration, discovery, and development of base and precious metal deposits in East Africa. It holds a 100% interest in the Asmara copper-zinc-gold-silver project covering 111 square kilometers located in Eritrea. The company is headquartered in Vancouver, Canada.

sunridge gold corp (SGC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$250.0K
Corporate Secretary and Director
Total Annual Compensation: --
Vice President of Business Development
Total Annual Compensation: C$160.0K
Vice President of Project Development
Total Annual Compensation: C$230.0K
Exploration Manager
Total Annual Compensation: C$220.0K
Compensation as of Fiscal Year 2013.

sunridge gold corp (SGC) Key Developments

Sunridge Gold Corp. Provides Update on Current Field Work Activities on the Asmara Copper/Zinc/Gold/Silver Project in Eritrea

Sunridge Gold Corp. provided an update on current field work activities on the Asmara copper/zinc/gold/silver project in Eritrea. These activities are related to both exploration and preparation work for development of the mine site. The Asmara Project is held by the Asmara Mining Share Corporation a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Company owns 40%. The project consists of six defined deposits, four of which were the subject of a feasibility study completed in May 2013 and are currently in the permitting process. Current exploration work is focused on the two 'pipeline' deposits on the Asmara Project; the Kodadu volcanogenic-massive-sulphide deposit and the Adi Rassi copper-gold deposit. Both deposits have Inferred mineral resources and are open for expansion. The goal of the current field work is to define new areas of mineralization and to direct additional expansion drilling planned for next year. Current exploration work on the Kodadu and Adi Rassi deposits is comprised of the following: Kodadu: Channel and trench sampling of the VMS gold oxide and gold shear zones at surface; Detailed geological and structural mapping over the current VMS resource and the gold shear zone recently identified to the west; Geophysical work consisting of an AMT (audi-magneto-telluric) survey to define the massive sulfide at depth below the known VMS gossans exposed at surface, as well as other identified VMS style targets to the northeast which are coincident with both high gravity anomalies and strong electro-magnetic conductors. Adi Rassi: Detailed geological and structural mapping at 1:500 scale; Trenching and channel sampling of surface exposed mineralization to the south of the existing resource; AMT survey lines to define the VMS-style mineralization to the west of Adi Rassi. The Asmara Project feasibility study mining operations plan includes an abstraction weir and reservoir built on the nearby Mai Bela River which will provide water to the centralized processing facility near the large Emba Derho deposit.

Sunridge Gold Corp. expected to report Fiscal Year 2014 results on December 17, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Sunridge Gold Corp. expected to report Fiscal Year 2014 results on December 17, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Sunridge Announces the Formation of the Asmara Mining Share Company; Appoints Michael Hopley as Chairman of Asmara Mining Share Company

Sunridge Gold Corp. announced that the Asmara Mining Share Company has recently been formed in Eritrea. AMSC is the operating entity which will own and operate the Asmara copper-zinc-gold mine in Eritrea. The Asmara Project, equipment and all Eritrean employees are now being transferred from Sunridge Gold Eritrea to AMSC. AMSC is owned 60% by Sunridge and 40% by Eritrean National Mining Corporation and is governed by a Shareholders' Agreement. AMSC has a board of directors of five, comprising three from Sunridge and two from ENAMCO. Michael Hopley, President and CEO of Sunridge has been appointed Chairman of AMSC. All future project development or exploration costs will be shared two-thirds Sunridge and one-third ENAMCO. The Government of Eritrea established ENAMCO in 2006 for the purpose of holding government ownership interests and to promote the development of the mining industry in Eritrea.


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