| Status |
Project held by Guardian Metal Resources Ltd. (AIM:GMET). 2% Net Smelter Royalty Interest Retained |
|---|---|
| Target | Tier 1 Copper-gold skarn & porphyry copper deposit. |
The Garfield Project is an exciting copper-gold-silver prospect located in Mineral County, Nevada, approximately 14km due east of the town of Hawthorne and 120km due west-northwest of Tonopah.
Sunrise holds a 2% Net Smelter Return Royalty over the Garfield Project subject to POW’s right to buy up to half of the royalty entitlement (1%) for US$1million.
The royalty was acquired on sale of the original project claims and extends to a 1-mile area of influence from the original claim boundary.
Sunrise first acquired the project in 2016 following the discovery of copper-gold-silver mineralisation in outcrop and trenches in what is now referred to by GMR as the Powerline Zone.
Exploration by GMR since acquiring the project in 2021 has included detailed geochemical sampling and follow up analysis which highlighted the presence of both skarn-type and porphyry style mineralisation. Further mapping, prospecting and rock sampling was recently completed with results confirming presence of high-grade copper, silver and gold mineralisation with samples >1% copper found across the entire Project, over an area of approximately 3000m x 1500m (open in multiple directions).
Two zones of mineralisation have now been defined - The Powerline Zone and the High-Grade Zone. Sunrise’s royalty interest covers all of the Powerline Zone and the majority of the High-Grade Zone.
