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Sunridge Gold Corp.: Drill Results From Adi Nefas, Asmara Project, Eritrea

Posted on: Wednesday, 19 July 2006, 09:00 CDT

Sunridge Gold Corp. (TSX VENTURE: SGC) reports assay results from an additional 20 diamond drill holes, NG-063D to NG-082-D, from the Adi Nefas high-grade zinc-copper-gold volcanogenic massive sulphide (VMS) deposit, part of the Asmara Project Eritrea. These results are from the ongoing in-fill drill program and confirm continuity of the mineralized zone in the near surface gold and underlying copper enriched zones as well as the deeper high-grade zinc mineralization to a vertical depth of 300 metres.

HIGHLIGHTS:

- NG-067-D - 6.18 metres of 7.73% zinc, 1.03% copper & 2.91 g/t gold

- NG-069-D - 3.13 metres of 19.77% zinc, 2.06% copper & 3.39 g/t gold

- NG-070-D - 11.28 metres of 10.61% zinc, 1.17% copper and 1.57 g/t gold

- NG-071-D - 4.35 metres at 11.80% zinc and 1.08% copper

- NG-076-D - 22.50 metres of 1.77% copper and 2.89 g/t gold

The Adi Nefas mineralized structure has now been drilled over a strike length of 400 metres, to a vertical depth from surface of approximately 300 metres. The width of the structure varies from about 3 to 12 metres but true width averages between 7 and 8 metres. Further areas of mineralization remain to be drill tested along strike and down dip. The 2005-2006 drill program confirms that three distinct zones of mineralization exist at Adi Nefas; a near-surface gold oxide zone underlain by a copper supergene zone and in turn underlain by a high-grade primary zinc-rich zone. The attached map (scroll down to the end of the news release to view a drill plan map and cross section) shows the location of all drill holes to date and the cross-section shows the relationship between some of these holes and the layered nature of the Adi Nefas VMS deposit.

ASSAY RESULTS FROM ZINC-RICH PRIMARY ZONE:

 --------------------------------------------------------------------- D iamond                             Gold  Silver  Copper   Zinc Drill       From       To  Length    (Au)    (Ag)    (Cu)   (Zn) hole #    metres   metres  metres    g/t     g/t       %      %  Zone --------------------------------------------------------------------- NG-065-D  294.50   299.00    4.50   0.06    5.13    0.07   1.90     P --------------------------------------------------------------------- NG-066-D  273.75   283.20    9.45   0.64   31.03    0.17   3.25     P --------------------------------------------------------------------- NG-067-D  244.40   250.58    6.18   2.91   70.70    1.03   7.73     P --------------------------------------------------------------------- NG-069-D  201.30   213.50   12.20   1.00   36.76    0.62   5.91     P Incl.     207.15   210.28    3.13   3.39  118.31    2.06  19.77     P --------------------------------------------------------------------- NG-070-D  230.12   241.40   11.28   1.57   58.58    1.17  10.61     P Incl.     230.12   233.69    3.57   3.96  161.23    3.51  29.76     P --------------------------------------------------------------------- NG-071-D  229.70   240.30   10.60   0.34   46.37    0.52   5.52     P Incl.     234.45   238.80    4.35   0.59   91.90    1.08  11.80     P --------------------------------------------------------------------- NG-082    112.20   120.00    7.80   0.99   55.91    0.41   5.80     P --------------------------------------------------------------------- 

Drill holes NG-063-D, NG-064-D and NG-068-D did not intersect any significant mineralization.

Note: The current market value of zinc is approximately US$1.50 per pound and copper US$3.50 per pound. A metric tonne is 1,000 kilograms and there are approximately 2.205 pounds in each kilogram. To illustrate the potential value of the mineralization at Adi Nefas; in the primary zone of mineralization values per metric tonne are frequently between 5 to 10% zinc and 1 to 2% copper. Taking the example of 5% zinc and 1% copper this means that a metric tonne of mineralized rock would contain 50 kilograms (or 110.25 pounds) of zinc and 10 kilograms (or 22.05 pounds) of copper.

ASSAY RESULTS FROM NEAR SURFACE GOLD OXIDE ZONE & COPPER SUPERGENE ZONE

 --------------------------------------------------------------------- D iamond                             Gold  Silver  Copper   Zinc Drill       From       To  Length    (Au)    (Ag)    (Cu)   (Zn) hole #    metres   metres  metres    g/t     g/t       %      %  Zone --------------------------------------------------------------------- NG-073-D   35.50    42.55    7.05   4.15  103.13    3.36   2.09   O/S --------------------------------------------------------------------- NG-074-D   34.00    35.50    1.50   6.80  857.00    0.02   0.02     O --------------------------------------------------------------------- NG-076-D   43.50    66.00   22.50   2.90   96.83    1.78   0.80   O/S --------------------------------------------------------------------- NG-077-D   31.50    47.50   16.00   0.92   40.25    0.07   0.03     O --------------------------------------------------------------------- NG-078-D   38.50    50.00   11.50   2.46   42.24    1.10   0.74     O --------------------------------------------------------------------- NG-079-D   34.00    67.00   33.00   0.82    9.42    0.16   0.87     O --------------------------------------------------------------------- NG-080-D   55.00    59.50    4.50   0.01    5.00    0.14   2.43     O --------------------------------------------------------------------- NG-081-D   19.00    26.00    7.00   7.30   29.43    0.03   0.02     O --------------------------------------------------------------------- 

Drill hole NG-072-D was drilled to test an off-hole pulse EM anomaly and returned no significant results. NG-075-D and NG-078-D did not intersect any significant mineralization.

Scoping study update:

The in-fill drill program is continuing at both Adi Nefas and Debarwa in order to provide closely spaced drill data for the scoping studies. These studies commenced in mid-March and are scheduled for completion by late October 2006. The purpose of these scoping studies is to provide management of Sunridge Gold with sufficient technical information to make a preliminary economic assessment in order to make a decision to complete full feasibility studies. During a recent trip (late June 2006) to Eritrea, President and CEO Michael Hopley was accompanied by a team of engineers where they evaluated possible sites at Debarwa and Adi Nefas for ore treatment facilities, tailings dams, waste dumps as well the availability of water and electrical power supplies. The trip included a very positive meeting with the Department of Mines to discuss completion of the scoping studies and fast tracking all work to final feasibility and production.

Notes:

1. Drill intercept lengths only are reported in the tabulations; it is estimated that true width will be approximately 80% of the reported drill intercept length.

2. Zones of mineralization in the tabulations are as follows: O equals Oxide, S equals Supergene, P equals Primary zones of mineralization

3. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.

4. A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance/Quality Control procedures are as described in the Company's National Instrument 43-101 Technical Report filed on February 17, 2004 and amended by the Amended Technical Report filed dated April 27, 2004. This report is available at www.sedar.com.

5. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth Western Australia.

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

Sunridge Gold Corp. is a mineral exploration company focused on the acquisition, exploration, discovery and development of precious and base metal projects. The Company is currently conducting exploration on the Asmara Joint Venture Project in Eritrea. The Company has 33.3 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 www.sunridgegold.com or call Don Halliday at the number listed below.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

To view the maps accompanying this press release please click on the following links:

http://www.ccnmatthews.com/docs/SGCa.pdf

http://www.ccnmatthews.com/docs/SGCb.pdf

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

 Contacts: Sunridge Gold Corp. Don Halliday Direct: (604) 899-1505 oledemeida@sunridgegold.comwww.sunridgegold.com

SOURCE: Sunridge Gold Corp.

Source: MARKET WIRE

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