Sunrise Resources plc has conditionally raised £200,000 through a 17.1% discounted placing of 1,176,470,588 new ordinary shares of 0.001p each, at 0.017 pence per placing share. TVRs The company said that half of the amount raised was from a single new institutional investor. Those participating in the fundraise included executive chairman Patrick Cheetham who subscribed […]
Tag: Pioche sepiolite project – Nevada
Sunrise receives Pioche sepiolite samples
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. MODEL 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 […]
Sunrise positive on test results for Pioche sepiolite
Sunrise Resources plc said it had positive evaluation tests for commercial production on samples from its Pioche sepiolite clay project in Nevada, USA. MARKET The tests simulated processing methods with results comparing “very favourably” with commercially available sepiolite in the US, confirming the “commercial potential” of the large Pioche deposits. The results also identified “higher […]
Sunrise notes ‘extensive’ sepiolite beds at Pioche
Sunrise Resources plc has identified “extensive sepiolite beds” based on exploration data now received from its former earn-in partner Tolsa at the Pioche sepiolite project in Nevada, USA. TARGETS The Spanish company’s work since June 2022 included geological mapping, trenching, surface sampling, 20 auger drill holes, 10 sonic drill holes and specialist testing results for […]
Sunrise completes central-east Pioche drill
Sunrise Resources plc partner and option holder has completed phase II drilling and pitting at the Pioche sepiolite project in southeastern Nevada. CHARACTERISATION Tolsa USA Inc engaged Harris Exploration to use sonic drilling, suitable for drill sampling of soft and unconsolidated materials, focusing on the central and eastern area of the claim block. The campaign […]
Sunrise notes drilling to extend Pioche deposits
Sunrise Resources plc expects phase II drilling and trenching to begin this weekend at its Pioche sepiolite project in Nevada, USA. OBJECTIVE Option holder and operator Tolsa USA Inc has received approval for the programme from the Bureau of Land Management. Following mobilisation of a rig, drilling will immediately begin to extend the known “extensive” […]