Sunrise Resources plc has received all remaining surface and drill samples from its Pioche sepiolite project in Nevada from the former potential earn-in option holder Tolsa USA Inc.
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The Spanish company collected the samples from surface trenching and auger and sonic drilling between June 2022 and December 2024, after which it decided not to exercise the option.
The samples, cumulatively weighing approximately one tonne, were shipped from Tolsa’s head office in Spain.
Sunrise’s partner and sepiolite expert Tom Powell will conduct additional in-house testing on samples which will also be available to parties who were interested in the project.
The company has additionally carried out 3D modelling of the sepiolite horizons drilled by
Tolsa.
“This work has demonstrated that the main sepiolite horizon can be correlated between
drill holes, despite their wide spacing,” said Sunrise.
“It has taken rather longer than anticipated to obtain these samples, but we are now able to
move our discussions with interested parties to the next stage,” added executive chairman Patrick Cheetham.
“We are very encouraged to see a high level of interest in the project from both US domestic
companies, as well as international industrial mineral companies and feel that Tolsa’s work
has added substantially to the value of the project over and above the US$1.2 million option
purchase price that was first agreed with Tolsa back in 2022, prior to any exploration taking
place.”