Sunrise Resources shares jump as Nevada project eyes production

Sunrise Resources saw its shares boosted on Wednesday after telling investors that work is progressing towards production at its CS Pozzolan-Perlite Project in Nevada.

The AIM-traded mineral and metal development firm said that the permitting and regulatory process for the project is on track, with baseline studies now completed and showing no obstacles to the proposed mine development.

Patrick Cheetham, executive chairman of Sunrise, said: "The favourable results from our baseline environmental studies will facilitate a smooth permitting process and the regulatory process is on track. Testwork results continue to be outstanding and will feed into our mine and process plant designs which we expect to complete within the next two months."

With the final assessment resting with regulatory authorities, testing work remains ongoing at the site, with analysis being conducted on samples from recent drilling.

Thick intersections of high quality natural pozzolan have been confirmed by drilling at the project’s main zone, while three drill holes at far west end of tuff zone have yielded mixed results.

"In addition to the previously reported interest in our future perlite production, we are pleased with the high level of interest being shown by potential customers in our future HQNP production and we continue to service these enquiries and provide samples for the customers' own testwork," said Cheetham.

As of 1548 BST, Sunrise Resources’ shares were up 10.34% at 0.16p.