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 […]
Tag: Tolsa USA Inc
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 grants Tolsa more time for Pioche option
Sunrise Resources plc has granted its potential purchaser a 12-month extension to exercise its option over the Pioche sepiolite project in Nevada. MAXIMISE Tolsa USA Inc will pay an extension fee of US$100,000 before 15 January 2024, and the option exercise price increases from $1.25m to $1.4m. The Spanish company’s previous deadline to buy Pioche […]
Sunrise notes resource definition drill at Pioche
Sunrise Resources plc’s partner has started of resource definition drilling at the Pioche sepiolite project in Lincoln County, Nevada, USA. OPEN PIT Spanish subsidiary Tolsa USA Inc’s provisional 24-drillhole programme involves drilling by a truck-mounted auger drill to planned average depth of 50ft. Sunrise said that shallow drilling reflected the surface and near surface position […]
Sunrise option holder to define Pioche resource
Sunrise Resources plc’s option holder Tolsa USA Inc has received approval for a planned resource definition drill programme at the sepiolite project near Pioche in Nevada, USA. OPEN PIT MINING The US Bureau of Land Management has approved 24 drill holes, over a 2.5km by 2km area, scheduled to begin in mid-July. A truck-mounted auger […]
Sunrise progresses sample tests from Pioche trenching
Sunrise Resources plc reported progress at its sepiolite project near the town of Pioche in Lincoln County, Nevada, USA. PROJECT The company has granted Spanish company Tolsa S.A., the world’s largest producer of sepiolite, an exclusive option to purchase the project claims for US$1.25 million cash by 28 December 2023. Sunrise retains a 3% net […]