Sunridge Gold has been exploring for VMS base and precious metal deposits in Eritrea.
Business Model:
Revenue: $10M
Employees: 2-10
Address:
City: Vancouver
State: British Columbia
Zip:
Country: Canada
Sunridge Gold has been involved in the exploration and development of base and precious metals properties in Eritrea since August 2003. The Compay trades under the symbol SGC on the TSX/V Exchange and since August 2011 on the OTCQX under the symbol SGCNF. The Issuer is an exchange issuer under the BC Act and the AB Act and, as such is required to make filings on a continuous basis thereunder. Such material is available for inspection through SEDAR. Sunridge Gold has been exploring for VMS base and precious metal deposits in Eritrea since 2003 and has successfully defined 6 deposits on the Asmara Project located outside of Asmara, which contain significant amounts of copper, zinc, gold, and silver. A Feasibility Study on the 4 advanced projects on the Asmara Project was completed in May 2013. The Feasibility Study demonstrates very robust economics, with the Net Present Value (NPV) of the project was shown to be $692 million dollars with a 10% discount applied ($1.791 Billion NPV with zero discount) and the Internal rate of return (IRR) is 34%.
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