|Status||Available for Sale (cash or equity) or Joint Venture.|
The Bakers Gold project is available for Joint Venture.
It comprises 2 prospecting licences located 25km south east of Meekatharra lying on the eastern limb of the Meekatharra Greenstone Belt. This belt has yielded over 5.5 million ounces of gold and contains a number of producing gold mines including the Andy Well high grade gold deposit being developed by Doray Minerals Ltd.
Generally, the eastern limb of the Meekatharra Belt has not seen the same density of exploration as other parts of the belt.
Within the licence application area, the Baker's gold prospect produced a small quantity of gold from small scale workings from 1980-84.
The licence has seen various rounds of historical exploration including separate programmes of wide spaced percussion drilling.
Sunrise has carried out two rounds of soil sampling generating a number of gold-in-soil anomalies which together with historical exploration results has generated two prospects that are targeted for drill testing by the Company.
The Dicky Lee Target is an area of open pit mining where, in the 1980s, specimen gold-quartz nuggets were recovered by excavation of a quartz vein stockwork. The estimated grade of recovered material is at least 1.3 grammes/tonne gold.
Only two drill holes have tested the pit area and both intersected very wide intervals of low grade gold mineralisation (69m grading 0.2g/t gold and 80m grading 0.2 g/t gold including 1m grading 5.7 g/t gold from 5m deep).
The DRL4 target is named after historic drill hole DLR 04 completed by Australian Consolidated Minerals in 1987 which averaged 0.55g/t gold (Au) over the 22m interval from 2m down hole depth to the end of hole at 24m and where the final 2m sample (from 22-24m depth) assayed 1.17g/t Au. No follow up drilling was carried out.
Drill hole DRL4 lies within a 500m long gold-in-soil anomaly.