Sunrise Resources Provides Update on Pioche Sepiolite Project
Why we think this is neutral
This RNS provides a general update on the Pioche Sepiolite Project, which does not contain any specific financial or operational metrics. While the results seem positive, the announcement does not fall into the mandatory news categories that would require a more detailed analysis.
Key Points
- Sepiolite is a rare industrial clay found in only a few commercial deposits around the world
- Evaluation tests carried out to simulate processing methods employed for commercial sepiolite production in the United States
- Results confirm the commercial potential of the large sepiolite clay deposits at Pioche
- Pioche sepiolite could be a beneficiary of planned US policies to increase domestic oil and gas drilling
Summary
The mining company has released positive test results for its Pioche Sepiolite Project in Nevada, USA, confirming the commercial potential of the large sepiolite clay deposits.
Sunrise Resources plc (ticker symbol 'SRES') has announced positive results from its first evaluation programme for samples from its Pioche Sepiolite Project in Nevada, USA. The results compare favourably with commercially available sepiolite in the US and confirm the commercial potential of the large sepiolite clay deposits at Pioche across a range of applications, including the valuable oil and gas drilling market.
GENERAL UPDATE