TIDMSRES
RNS Number : 5394C
Sunrise Resources Plc
12 October 2022
12 October 2022
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Bulk Sampling - Hazen Pozzolan Project, Nevada, USA
Sunrise Resources plc is pleased to announce the start of a
collaborative arrangement with an existing processor of natural
pozzolan for mining and test grinding of a bulk sample of the
Company's Hazen natural pozzolan deposit in northern Nevada.
This follows successful laboratory testing of the Hazen pozzolan
by both parties and the test programme will provide further
information on the mining characteristics and grinding behaviour of
the Hazen natural pozzolan on a commercial scale. Approximately 250
tons of natural pozzolan will be extracted and processed at no cost
to Sunrise.
Mining equipment is being mobilised and the bulk sample is
scheduled to be mined and delivered to the process plant this week
for processing as soon as facilities allow. The owner of the
process plant is already involved in the processing and marketing
of natural pozzolan.
Commenting today, Executive Chairman Patrick Cheetham said:
"Whilst there is currently no obligation on either party to
enter into a further agreement at this stage, this is an important
collaboration. The other party has the processing facilities and
marketing network in those regions targeted by the Hazen Project to
commercialise the Hazen deposit in the future and the deposit is
well located close to rail.
Our progress at the Hazen Project does not detract from our
focus on the more advanced
CS Pozzolan-Perlite Project in Nevada as the two projects target
different regional areas of cement and concrete demand served by a
range of different cement and ready-mix companies.
We look forward to advancing the Hazen Pozzolan Project
alongside the
CS Project, and to providing further news from our Pioche
Sepiolite Project in Nevada where Tolsa, the world's largest
producer of sepiolite, recently applied for a permit to carry out a
large trenching programme."
A schematic plan showing the location of the CS and Hazen
pozzolan deposits and their target markets is
available on the Company's website at: https://www.sunriseresourcesplc.com/hazen-pozzolan-project
___________________________________________________________________________
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Tel: +44 (0)207 628 3396
Beaumont Cornish Limited
Nominated Adviser
James Biddle/Roland Cornish
Tel: +44 (0)207 469 0930
Peterhouse Capital Limited
Broker
Lucy Williams/Duncan Vasey
Shares in the Company trade on AIM. EPIC: "SRES".
Website: www.sunriseresourcesplc.com
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 which forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ('MAR'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
Notes
About the Hazen Pozzolan Project
The Hazen Pozzolan Project is located in Churchill County in
Northern Nevada 20 miles by road from the town of Fernley and 24
miles by road from the County town of Fallon.
The Company's mining claims were staked in June 2021 to cover a
deposit of glassy pumice targeted as a natural pozzolan. Pumice is
currently mined elsewhere in the US as natural pozzolan and at
Hazen was mined as a lightweight aggregate from a shallow open pit
some decades ago.
The markets for natural pozzolan, as a replacement for cement
and fly ash in concrete, are regional and reflect the distribution
of the main areas of high population density where concrete demand
is highest.
The Hazen pozzolan deposit is just 9km from a rail siding on the
arterial east-west Union Pacific line and is therefore well
positioned for rail transport to the regional markets of northern
California, points east, as well as the local markets around Reno
and northern Nevada.
Its location is therefore complementary to the Company's CS
Pozzolan-Perlite Project which is targeting different cement and
concrete markets in southern California and the expanding adjacent
cities of Las Vegas and Henderson in southern Nevada.
Whilst the Hazen Project is less advanced than the CS Project,
the Company's laboratory testwork to date has shown that the
material present in the pit is of similar high quality to the
CS Project pozzolan. It exceeds the specifications of ASTM
standard C618(1) and mitigates the deleterious alkali silica
reaction that occurs when concrete is made using reactive
aggregates.
The Hazen pumice has the additional property that it is
lightweight and so it will also be evaluated for its potential as a
lightweight aggregate for use in lightweight concrete blocks and
facing stones.
The Company has obtained a permit from the US Bureau of Land
Management ("BLM") for removal of a bulk test sample up to 500 tons
of pozzolan from the Hazen pit and has lodged the requisite
financial reclamation bond with the BLM.
Further work is required to determine the extent of the Hazen
deposit although indications are that the pumice extends several
hundred meters beyond the limits of the existing open pit.
(1) ASTM C618 is the international standard specification for
coal fly ash and raw or calcined natural pozzolan for use in
concrete where cementitious or pozzolanic action, or both, is
desired, or where other properties normally attributed to fly ash
or pozzolans may be desired, or where both objectives are to be
achieved.
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END
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(END) Dow Jones Newswires
October 12, 2022 02:00 ET (06:00 GMT)
Sunrise Resources (LSE:SRES)
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부터 11월(11) 2024 으로 12월(12) 2024
Sunrise Resources (LSE:SRES)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
