Sunrise signs drilling contract for Australian diamond project

27 March 2014 (Last Updated March 27th, 2014 18:30)

Mineral exploration and development firm Sunrise Resources has signed a drilling contract for its Cue Diamond project in Western Australia.

Mineral exploration and development firm Sunrise Resources has signed a drilling contract for its Cue Diamond project in Western Australia.

Expected to start around 1 April, the drilling programme intends to evaluate diamond content of Soapy Bore kimberlite and test other targets including a source for diamondiferous kimberlite float at Target 5.

The Cue Diamond project is located in the Murchison Mining District 80km north-west of the town of Cue in Western Australia.

The project area was explored by De Beers in the period 1994 to 2002, when the company discovered several kimberlite dykes in two separate areas within the application area - Cue 1 and Soapy Bore.

"We are progressing quickly with our planned exploration programmes."

Sunrise said exploration carried out such as drilling of the Cue 1 kimberlite, has confirmed the high diamond prospectivity of the licence area.

The exploration also resulted in the discovery of new occurrences of diamondiferous kimberlite on surface, as well as defining several other targets for follow-up.

Sunrise Resources has also unveiled positive initial sampling results from its Strike copper project in Nevada.

Preliminary chip samples from workings and trenches returned values up to 3.14% copper over 1.8m and 0.70% over 6.0m.

Grab samples returned values up to 2.64% copper and the company is currently planning soil sampling for drill targeting.

Sunrise Resources executive chairman Patrick Cheetham said: "Following our recent fundraising, we are progressing quickly with our planned exploration programmes and I am pleased to be announcing the start of drilling at the Cue Diamond Project in Australia and the positive sampling results from the Strike Copper Project in Nevada where follow-up work is now being planned."

Sunrise holds applications for two gold exploration projects in Western Australia and has an active project programme to generate new exploration projects in Australia and Nevada, US.

Energy Technology forum on LinkedIn