Friday, September 9, 2011

Sunridge Expands Drill Program at Gupo Gold

Sunridge Gold (SGC.TSXV) announced that it has begun an additional 6,000 meters
of drilling at the Gupo Gold deposit located on the Companys 100% owned Asmara
Project in Eritrea. The emerging gold company noted that the results of this
program will be an important step towards completing the ongoing prefeasibility
study on the Asmara North Deposits – which include Gupo, Emba Derho and the
Adi Nefas deposits. Highlights: * This next phase of drilling will include
approximately 5,000 meters of reverse circulation drilling of 60 closely spaced
drill holes and approximately 1,000 meters of diamond drilling of 8 drill holes.
* Gold mineralization at Gupo extends over a strike length of approximately 1.6
kilometers * The resource is at surface and drilling has shown mineralization to
extend at least to 80 meters vertical depth and remains open at depth. Michael
Hopley, President and CEO of Sunridge Gold : We are very happy to again have
100% ownership of the exploration areas on the Asmara Project particularly given
the fact that Sunridge now has more than $20 million in cash and will therefore
be able to conduct an aggressive exploration program on the property in addition
to our ongoing feasibility and pre-feasibility studies on our four known
deposits.

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