Sunridge Increases Post-Tax Value for the Asmara Project

By Sunridge Gold, SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to report that it has received updated values from the financial model for the Asmara Project Feasibility Study (the “Study”) which increased the Base Case post-tax net present value (“NPV”) from $345 million to $428 million. The increased numbers are […]

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Eritrea – South Africa Relation Promising

By TesfaNews, In a sign of growing diplomatic and economic relation with South Africa, the Eritrean embassy in Pretoria took part in the annual “Diplomatic Fair” organized by the Department of International Relations and Cooperation of South Africa on Saturday, October 26th 2013. The fair’s main theme was to celebrate 50 years of the African […]

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Sunridge Start Debt Financing Due Diligence Review

By BusinessWire, Sunridge Gold Corp. (sgc:TSX.V/SGCNF) is pleased to announce that the international mining industry consulting company Micon International Limited (“Micon”) has been selected to complete an independent “due diligence” review of the Asmara Project, Eritrea on behalf of the potential financing providers to the project. Endeavour Financial Limited (Cayman) (“Endeavour”) will lead this process […]

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Sunridge Gold Announces $837m NPV Feasibility Study for the Asmara Project

By Sunridge Gold, Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce the completion and positive results of an independent feasibility study (the “Study“) by lead engineer SENET (Pty) Ltd. (“SENET”) for its Asmara Project in Eritrea. The Study demonstrates that the mining of all four advanced deposits that make up the Asmara Project (Emba Derho, […]

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The Impact of Eritrea-South Africa Bilateral Relation in the Horn of Africa

By Berouk Mesfin, Eritrea and South Africa formally established diplomatic relations in 1994. Eighteen years later, the two states seem to be strengthening their bilateral relations. In March, Iqbal Jhazbhay, the new South African ambassador to Eritrea, presented his credentials to President Isaias Afwerki. Significantly, Jhazbhay was warmly received by the president only a week […]

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