Sunrise Resources Plc
15 July 2026
15 July 2026
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Royalty Interest
Garfield Gold-Silver-Copper Project
Sunrise Resources plc notes the announcement made yesterday by Guardian Metal Resources plc (LON:GMET, OTCQX: GMTLF) ("GMR") in connection with its Garfield Copper Project in the Walker Lane Mineral Belt, Nevada, USA, where Sunrise holds a 2% Net Smelter Return ("NSR") Royalty.
GMR announced updates across its Nevada-based project portfolio. Of direct relevance to Sunrise's royalty area GMR has announced that geological mapping has identified further epithermal precious metal mineralised structures and a broad alteration footprint in the "High Grade" zone, as well as a new area of broader epithermal stockwork veining and mineralisation in highly silicified rhyolites in the "Mother" zone. GMR immediately acted to stake additional lode mining claims to acquire the new "Mother" zone.
The newly staked "Mother" zone occurs wholly within the Sunrise royalty area as does the previously defined "Power Line" zone and approximately half of the "High-Grade Zone" (see accompanying plan).
Note:
The original discovery of gold-copper-silver at surface at Garfield was made by Sunrise prior to selling the project mining claims. Sunrise has retained a 2% NSR royalty over the original claim area and a 1-mile surrounding area.
NSR royalty interests are risk free as they are payable from future revenue and not exposed to profitability. Furthermore, they are free carried and so, as holder, we are not required to contribute to exploration or mine development costs. Royalty interests also have a ready market amongst numerous specialist royalty holding companies. The Garfield royalty is just one of a number of royalty interests held by the Company and built into its agreements with other parties.
Further information:
|
Sunrise Resources plc Patrick Cheetham, Executive Chairman |
Tel: +44 (0)1625 838 884 |
|
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish |
Tel: +44 (0)207 628 3396 |
|
AlbR Capital Limited Broker Lucy Williams/Duncan Vasey
|
Tel: +44 (0)207 469 0930
|
|
|
|
About Reach Announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
Shares in the Company trade on AIM.
EPIC: "SRES". Website: www.sunriseresourcesplc.com
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.