Sunridge Gold reported more “Mama Mia” like results from their Asmara Project in Eritrea. Today’s results are from the Debarwa Copper-Zinc-Gold deposit. These results are truly are some of the best copper values that we could see in our lifetime. This is a rare resource for any junior mining company to own and these kinds of deposits are many times gobbled up by majors (more recently large Asian mining companies).

Sunridge is expected to be providing an updated resource estimate by the end of May as part of the ongoing Feasibility Study on the Deposit due to be complete in November. The deposit is so high grade that the company may kick off mining operations by direct shipping the high grade copper material (18-20% Cu) without having to concentrate it.

Highlights from the Sunridge’s 2011 diamond drill program at Debarwa include:

• DEBD-128 intersected 19.20 meters of 12.65% copper, 2.28 g/t gold, and 49.39 g/t silver
• DEBD-129 intersected 22.00 meters of 13.14% copper, 4.00 g/t gold, and 60.91 g/t silver

• DEBD-130 intersected 31.85 meters of 5.72% copper, 2.13 g/t gold, and 57.59 g/t silver
• DEBD-132 intersected 13.45 meters of 16.22% copper, 3.22 g/t gold, and 86.57 g/t silver
• DEBD-133 intersected 16.70 meters of 14.90% copper, 2.15 g/t gold, and 75.92 g/t silver
• DEBD-135 intersected 25.45 meters of 11.22% copper, 1.75 g/t gold, and 40.23 g/t silver
• DEBD-136 intersected 11.45 meters of 4.10% copper, 2.18 g/t gold, and 46.84 g/t silver
• DEBD-138 intersected 16.50 meters of 3.66% copper, 7.15% zinc, and 2.43 g/t gold
• DEBD-140 intersected 14.00 meters of 2.78% copper, 7.33% zinc, and 1.35 g/t gold
• DEBD-143 intersected 13.60 meters of 4.94% copper, 0.77 g/t gold, and 23.62 g/t silver
• DEBD-178 intersected 14.40 meters of 3.27 g/t gold and 4.21% copper
• DEBD-184 intersected 35.30 meters of 7.72% copper
• DH11-10 intersected 15.40 meters of 2.40 g/t gold, 0.93% copper, and 2.38% zinc

Debarwa is an ideal project for a junior mining company such as Sunridge to fast-track towards production, but it is important to note that the real long term value for the company should be from the Northern Deposits, which include the large 62.5 million tonne Emba Derho Copper-Zinc-Gold deposit (Yet Debarwa can provide tens of millions of dollars in cash flow). Currently there are 3 drills working on the Northern deposits and we continue to anticipate an impressive news flow of copper, zinc, gold, and silver results.

Recent trading patterns suggest the overhang from a large amount of shares that came free trading have been digested. Two consecutive closes above $1.15 can allow for a move back to the highs seen last December. SGC is a very compelling developing story that includes potential near-term cash flow, some of the best copper grades ever drilled, a portfolio of advance stage and early stage exploration projects 99% of other juniors can only envy and cashed up to do a “ton” of work without raising capital.