Sunridge Gold Corp.

Sunridge Gold Corp.

May 08, 2008 13:08 ET

Sunridge Gold Announces Exploration and Development Programs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2008) - Sunridge Gold Corp. (TSX VENTURE:SGC) has finalized exploration and development budgets totaling $6.1 million for the six month period from May 1 to October 31, 2008 on its gold-copper-zinc volcanogenic massive sulphide (VMS) projects in Eritrea and Madagascar. This budget allows for a high level of exploration and development activities including a minimum 20,000 metres of exploration drilling on several new high priority VMS targets and fast tracking the Emba Derho Deposit through development toward production with the completion of a preliminary assessment engineering study. In addition this budget includes ongoing environmental work on the Asmara Project, corporate overhead as well as initial work on the newly acquired properties in Madagascar. The company is well funded to carry out these programs.


1) Asmara Project Exploration/Development Drilling: There are currently three drills operating on the Asmara Project with one drill conducting in-fill and extension drilling at Emba Derho and two drills conducting new discovery drilling at the Shiketi target on the Debarwa license. Sunridge plans to complete approximately 20,000 metres of exploration drilling on at least six of nine high-priority VMS style targets over the next six months. Future news release(s) will provide details of these targets.

2) Emba Derho Preliminary Assessment Study: Wardrop Engineering Inc. commenced a preliminary assessment (scoping) study on the large Emba Derho zinc-copper-gold VMS Deposit in April 2008. The study will focus on the large deposit at Emba Derho, but will also consider potential synergies that may allow the extraction of the nearby resources at Adi Nefas and Gupo Gold, located 6 kilometres and 7 kilometres away, respectively. The study, which is scheduled for completion by September 2008, will investigate all aspects of the possible development of the Emba Derho Deposit and will include an updated NI 43-101 resource estimate that will incorporate the expansion drilling completed since the initial estimate.

3) Environmental Studies: Ongoing studies at the Asmara Project in anticipation of fast-tracking the Emba Derho deposit through development and into production.

4) Madagascar exploration program: Preliminary exploration work consisting primarily of drill target definition.


Sunridge has identified nine high-priority drill targets on the Asmara Project for new discovery drilling and has scheduled 20,000 metres of drilling on these targets within the next six months. These targets have been identified utilizing the same techniques that resulted in the discovery of other VMS deposits in Eritrea including Sunridge's Emba Derho, Adi Nefas and Debarwa Deposits and Nevsun's Bisha Deposit. These techniques include ground gravity surveys, EM surveys, geochemical rock and soil sampling as well as geological mapping.

Each of these new targets has the classic Eritrean VMS signature; large gravity anomalies coincident or close to outcropping gossans. These gravity anomalies range in size from 300 metres up to 1,600 metres in length. Two drills are currently drilling the new Shiketi target, located on the Debarwa license near the Debarwa Deposit.

Sunridge Gold Corp. is a mineral exploration company focused on the acquisition, exploration, discovery and development of base and precious metal projects. The company is currently conducting exploration on the Asmara Project in Eritrea. The Company has 62.2 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the company and its projects please view the slide show on our website at or call Don Halliday or Greg Davis at the numbers listed below.


The Qualified Person responsible for the release of this exploration information is Michael Hopley, President and Chief Executive Officer of Sunridge Gold Corp.


Michael Hopley, President and Chief Executive Officer

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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