Sun shines on Debarwa South (July 26, 2004)

Vancouver — Following encouraging drill results from the Debarwa Main zone in Eritrea, Sunridge Gold (SGC-V) and partner Sub-Sahara Resources have hit comparable grades in the Debarwa South zone.

The zones are part of the Asmara volcanogenic massive-sulphide project, about 150 km west of Nevsun Resources‘ (NSU-T) Bisha copper-gold project.

Sunridge can earn a 90% interest in the project from Australian-listed Sub-Sahara and Africa Wide Resources in return for financing the project through to production.

The latest results comes from resource definition drilling of 10 holes.

The results cover 200 metres of strike along the Debarwa South zone, where mineralization is open toward the Debarwa Main zone to the north, as well as to the south, where it remains untested.

Highlights from the Debarwa South drilling include the following:

— 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 grams 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 metres of 17.7% copper, 6.75 grams gold and 104.46 grams silver.

Resource definition drilling at Debarwa should be completed by the end of the month, when several other targets over the Asmara property are slated for drill testing.

Ground-based gravity and electromagnetic surveys are outlining more drill targets near the known mineralization.

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