Sunrise Minerals Inc.
TSX VENTURE : SUN

Sunrise Minerals Inc.

April 06, 2006 08:00 ET

Sunrise Minerals Inc. Work Program in Progress

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Sunrise Minerals (TSX VENTURE:SUN) is pleased to report that the Phase I work program on both La Maya II and El Mesquite projects in Baja Mexico is well underway. Both of these projects are Iron Oxide Copper Gold ("IOCG") targets and are underlain by the same prospective bedrock assemblage as the Main Alisitos project currently being developed by Anglo American and Cardero Resources.

The work program initiated at La Maya II property located 70 km south of Ensenada. The program comprises regional detailed geochemical sampling of watercourses to expand upon previous work carried out by the Mexican government's Consejo de Recursos Mineros (COREMIN). This particular program is designed to focus specifically on the detection of anomalous levels of pathfinder elements for IOCG deposits, a broadly defined mineral deposit type that includes the giant Candelaria deposit in Chile.

The sampling at La Maya II will be augmented by sampling of known mineral occurrences within the concession boundaries, prospecting, geological mapping and where appropriate, by geophysical work to better define any anomalous areas identified by the initial sampling. A similar program is planned for El Mesquite located directly to the northwest of Cardero and Anglo's Main Alisitos project.

Additionally, once Phase I is complete, Sunrise intends to complete a 43-101 technical report based on the results obtained from the program.

"It is especially gratifying to me that our company is finally focused and beginning exploration in Baja," said Ari Sussman, CEO. "Since taking over as President and CEO in the second half of 2005, I am pleased to announce that the internal reorganization that we embarked upon is complete. I look forward to being part of a team that will deliver shareholder value in 2006 and beyond."

Sunrise Minerals intends to build shareholder value by acquiring, exploring, and developing high-quality gold and Iron Oxide Copper-Gold ("IOCG") prospects in Baja California, Mexico. The Company has assembled an impressive portfolio of properties covering over 220,000 hectares of strategically located, highly prospective and under-explored ground in Baja. Targets include four hydrothermal gold and seven IOCG prospects; the latter are on trend with the Anglo-Cardero joint venture ground.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

52-week range $0.175-$0.55

22.7 million Shares Outstanding


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

Contact Information

  • Sunrise Minerals Inc.
    Ari Sussman
    (416) 643-7655
    or
    Sunrise Minerals Inc.
    Eugene Toffolo
    (604) 683-6185 or 1-877-683-6185
    (604) 684-2773 (FAX)
    www.sunriseminerals.com