StockMarketWire.com - Sunrise Resources' [LON:SRES] shares were up in late trading after it announced that, following on from its recent fundraising, surface and underground sampling is to continue to the south of existing exploration areas at its Bay State Silver Project in Nevada in preparation for follow-up drilling of earlier high-grade silver drill results.

Trenching and soil sampling is to be undertaken on the Garfield and Junction gold-copper projects in Nevada to evaluate high-grade surface mineralisation.

Sampling and process testwork is now planned for Pozz Ash Project in Nevada to determine suitability as a natural "green" cement replacement raw material.

Other project updates:

New Nevada subsidiary to be formed to acquire gold projects in Nevada using low-cost project generator model.

Fieldwork planned at Cue Diamond Project in Australia targeting the source of Target 5 diamondiferous kimberlite float and additional kimberlite geophysical anomalies.

Commenting today, Executive Chairman Patrick Cheetham said: "I am pleased to have increased my interest in the Company by participating in our recent fundraising and look forward to reporting results from our work programmes over the coming months. I am particularly excited about increasing our exposure to the resurgent gold sector in Nevada, one of the major gold producing areas of the World, where a five year decline in the junior resource sector has opened up some great opportunities."

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Gold production from Centamin's [LON:CEY] Sukari mine in Egypt totalled 125,268 ounces in the three months to the end of March - 6.5% up on the previous quarter and a 15.7% increase on a year ago.

Full year production guidance of 470,000 ounces is maintained.

Quarterly throughput at the process plant was 2,876kt, a 4.3% increase on the previous quarter and above our base case target rate of 11 million tonnes per annum (Mtpa). Open pit total material movement increased 10.2% on the previous quarter to 15,157kt, with open pit ore production increasing by 7.9% to 2,405kt. The run of mine ore stockpile balance decreased by 213kt to 491kt at the end of the period. The underground operation delivered 281kt of ore, a 6.3% decrease on the previous quarter but remaining above our forecast production rate of 1 million tonnes per annum.

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Red Rock Resources [LON:RRR] has announced that on 1 April 2016 the Board of Directors approved the issuance of 5,072,000 ordinary shares in the Company under the Company's Share Incentive Plan (SIP) for the 2015/16 tax year as agreed in the Trustees meeting held on 1 April 2016.

Under the terms of the SIP, once employees have satisfactorily completed their probationary period, they may sign up to both the Free Share and Partnership Share Agreement, however they may only begin active participation in the Partnership Agreement at the beginning of the tax year.

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Caledonia Mining Corporation [LON:CMCL] says output from its 49%-owned subsidiary, the Blanket Mine in Zimbabwe, totalled approximately 10,822 ounces in the first quarter to the end of March - 8.7% from a year ago but 6.0% down on the previous three months (11,518 ounces). Targeted gold production for 2016 is approximately 50,000 ounces, unchanged from previous guidance.

Quarterly production for the remainder of 2016 is expected to increase progressively to approximately 14,000 ounces by the fourth quarter of 2016 as production from below 750 meters increases over the course of 2016. Sales for Q1 2016 will include production from the Quarter plus the work in progress brought forward from 2015 of 671 ounces.

Caledonia also announced that it has issued 12,000 common shares following the exercise of options by independent director Jim Johnstone at 90 Canadian cents per share.

Johnstone now holds 40,000 Caledonia common shares, representing approximately 0.08% of the total number of common shares in issue.

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Regency Mines [LON:RGM] has announced that on 1 April 2016 the Board of Directors approved the issuance of 4,323,524 ordinary shares in the Company under the Company's Share Incentive Plan (SIP) for the 2015/16 tax year as agreed in the Trustees meeting held on 1 April 2016.

Under the terms of the SIP, once employees have satisfactorily completed their probationary period, they may sign up to both the Free Share and Partnership Share Agreement however they may only begin active participation in the Partnership Agreement at the beginning of the tax year.





At 3:55pm:

[LON:BEM] Beowulf Mining PLC share price was 0p at 4.45p

[LON:BKY] Berkeley Energia Ltd share price was +0.88p at 27p

[LON:CEY] Centamin PLC share price was +6.35p at 96.9p

[LON:CHL] Churchill Mining PLC share price was 0p at 14.38p

[LON:CMCL] Caledonia Mining Corp share price was -1p at 59p

[LON:CZA] Coal of Africa Ltd share price was -0.04p at 1.96p

[LON:FDI] Firestone Diamonds PLC share price was -0.25p at 27p

[LON:FRES] Fresnillo PLC share price was +6p at 932p

[LON:GEMD] Gem Diamonds Ltd share price was +5.25p at 122p

[LON:HOC] Hochschild Mining PLC share price was +4.38p at 102.38p

[LON:KMR] Kenmare Resources PLC share price was -0.02p at 0.97p

[LON:RGM] Regency Mines PLC share price was -0.03p at 0.4p

[LON:RRR] Red Rock Resources PLC share price was +0.03p at 0.48p

[LON:SRES] Sunrise Resources PLC share price was +0.01p at 0.13p

[LON:VED] Vedanta Resources PLC share price was +11p at 343.1p



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