Chinese mining companies sets the tone in Eritrea

Chinese Mining Firms in Eritrea to Face Growing Western Competition

Mining experts compare Eritrea’s largely underexplored underground potential to that of established mining regions in Australia or Canada. A lot of raw materials are stored in Eritrea. However, weak political relations have so far deterred many Western mining companies. However, the remarkable results from exploration could lead to a rethink.

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Sunridge Gold Hails Key Mining Approvals in Eritrea

By Proactive Investors, Michael Hopley, Chief executive of Sunridge Gold Corp (CVE:SGC), says he is delighted the firm’s partner has secured three key mining licences in Eritrea for its Asmara project. Asmara Mining (AMSC), a joint venture 60% owned by the Canadian group, has been awarded licences encompassing four advanced deposits – namely Emba Derho, […]

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2015 Will be Crucial for Sunridge Gold in Eritrea

By James Fraser, SUNRIDGE Gold (SGC:TSXV) is looking to follow in the foot steps of Nevsun Resources (NSU:TSX) and become the next Canadian listed miner in Eritrea, Africa. A feasibility study has been completed on four advanced stage projects that shows strong economics of a $692 million NPV (10% discount rate) and 34% IRR. We […]

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Sunridge Gold CEO talk Merits of “undervalued” Eritrea Project

By ProactiveInvestor, At the recent Subscriber Investment Summit in Vancouver, Sunridge Gold CEO Michael Hopley discussed the progress of the company’s Asmara project to a sold-out room, recently closing an oversubscribed financing of $5.75 million to fund further development. Talks with potential debt lenders have also begun  and an environmental assessment is due for completion […]

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Sunridge Gold moves as “Rapidly” as it can towards Production

By Stock Tube, Michael Hopley, President and CEO of Sunridge Gold (CVE:SGC) explains that the company, with money in the bank for the feasibility study, has a lot of copper and precious metals on the project and now hopes to be in production earlier than initially indicated. Michael also says that investors should look to […]

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Meet Michael Hopley, President and CEO of Sunridge Gold

By Peter Grandich, Peter Grandich, Financial Adviser and Market Analyst is the founder of Grandich.com and Grandich Publications, LLC. He is also editor of The Grandich Letter which was first published in 1984. His commentary on the mining and metals markets have been read by tens of thousands of subscribers and relied upon by major financial […]

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Eritrea to Buy 30% Interest of Sunridge’s Asmara Project

The Asmara Project that consists of four mineral deposits (Emba Derho, Debarwa, Adi Nefas and Gupo) will be the largest mine in Eritrea By Sunridge Gold, Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce that the Eritrean government through the Eritrean National Mining Corporation (“ENAMCO“) has informed the Company that ENAMCO intends to acquire a […]

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Sunridge Gold Announces New Higher Grade Resource for the Adi Nefas Deposit

By Proactive Investor, Sunridge Gold (CVE:SGC) Wednesday announced a new independent resource estimate for the Adi Nefas zinc-gold-copper volcanogenic-massive-sulphide (VMS) deposit at its 100 percent-owned Asmara project in Eritrea. The company said that indicated resources in the primary zone are 1.8 million tonnes averaging 10.05% zinc, 3.31 grams per tonne (g/t) gold, 1.78% copper and 115 […]

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