StockMarketWire.com - Sunrise Resources has announced that, following the completion of a positive concept study for development of the project, it has now received the required permit for its proposed drilling and trenching programmes at the CS Pozzolan-Perlite Project from the US Bureau of Land Management ("BLM").

The programme that has been permitted comprises access track upgrading and the construction of up to 11 drill pads and up to 3 trenches.

The permit will allow for a multi-phase drill programme and the first phase of drilling is expected to comprise 5 holes at approximately 150-250m spacing to test the core of the Main Zone where extensive surface sampling has demonstrated large areas of outcropping perlite with pozzolanic properties.

Sunrise said the objective of the first phase of drilling is to:

- Collect approximately 10 tonnes of samples for industrial application testing.

- Demonstrate continuity of surface zones at depth.

- Assist mine planning and industrial trials.

Follow on drilling phases will be planned following the results of first phase drilling.

The Company added that the objective of the trenching programme is to demonstrate continuity of the Main Zone and where the pozzolan-perlite is geologically projected under surface cover.

The Company said it has submitted a restoration bond to the BLM for the permitted programme and is now in the final stages of reviewing drilling contractor bids with a view to a drill start around the middle of July (a suitable contract not being available before then).

The trenching programme will be carried out in the meantime, and the Company is continuing to progress its industrial application testing of surface samples for use as natural pozzolan and perlite.

Commenting today, Executive Chairman Patrick Cheetham said: "I am pleased to be reporting further progress at the CS Project and look forward to providing further updates on a regular basis as we progress this exciting project towards a production decision."



At 2:31pm: [LON:SRES] Sunrise Resources PLC share price was +0.03p at 0.15p



Story provided by StockMarketWire.com