Sun shines on Debarwa South (July 14, 2004)

Vancouver On the heels of a great round of drill results from the Debarwa Main zone earlier this month, Sunridge Gold (SGC-V) and JV partner Sub-Sahara Resources have hit comparable grades in the Debarwa South zone, some 750 metres south of the Main zone.

Debarwa is part of the Asmara volcanogenic massive-sulphide project in Eritrea, which is situated about 150 km west of Nevsun Resources’ (NSU-V) Bisha copper and gold project. Sunridge Gold can earn a 90% interest in the project from Australian-listed Sub-Sahara and Africa Wide Resources by financing it through to production.

The latest batch of results comes from resource definition drilling of ten diamond drill holes into the Debarwa South zone, covering some 200 metres of strike length. Mineralization is open towards the Debarwa Main zone to the north, and to the south where it has yet to be tested.

Highlights from the Debarwa South supergene zone include:

• Hole 17 – 16.5 metres grading 6.44% copper, 0.77 gram gold and 19.82 grams silver per tonne (including 5.2 metres of 16.84% copper)
• Hole 18 – 17 metres grading 5.54% copper, 0.71 gram gold and 13.12 g/t silver, (including 4.1 metres grading 14.87% copper)
• Hole 19 – 26.18 metres grading 11.43% copper, 1.43 grams gold and 46.04 grams silver (including 5.9 metres grading 31.64% copper)
• Hole 24 – 22 metres grading 11.82% copper, 3.84 grams gold and 69.67 grams silver including 9.0 metres of 17.7% copper, 6.75 grams gold and 104.46 grams silver).

The resource definition drilling at Debarwa should be completed by the end of the month. A number of other targets over the Asmara property are slated for drill testing to follow.

Ground based gravity and electromagnetic surveys are under way to outline more drill targets near the known mineralization.