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SGCNF Sunridge Gold Corp featured news, full reports, and detailed charts

Sunridge Gold Corp (SGCNF/SGCNF.PK) Wrap Up:

Sunridge Gold Corp. engages in the acquisition and exploration of mineral properties in Eritrea, Canada, and Madagascar. It focuses on copper, zinc, gold, and silver properties. The company principally holds interest in the Asmara project, prospective for base and precious metals, located in Eritrea. It also holds interests in the Majescor projects located in Madagascar; and the McIntyre mine exploration property located in northwestern Ontario, Canada. The company is headquartered in Vancouver, Canada.
www.sunridgegold.com

Sunridge Gold Corp (SGCNF:Pink OTC Markets Inc)

LAST $0.52 USD
CHANGE TODAY -0.0977 -15.87%
VOLUME 29.9K
As of 3:41 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Sunridge Gold Corp (SGCNF)

OPEN
$0.49
PREVIOUS CLOSE
$0.62
DAY HIGH
$0.53
DAY LOW
$0.47
52 WEEK HIGH
10/13/09 - $0.80
52 WEEK LOW
12/8/08 - $0.04
MARKET CAP
32.3M
AVERAGE VOLUME 3 mo
2.3K
DILUTED EPS TTM
--
SHARES OUTSTANDING
62.4M
SGCNF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

SGCNF Top Compensated Officers

Mr. Michael J. Hopley
Chief Executive Officer, President and Direct...
Age: 59
Total Annual Compensation: C$168.0K
Mrs. Doris Meyer C.G.A.
Chief Financial Officer, Corporate Secretary ...
Age: 56
Total Annual Compensation: C$84.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Sunridge Gold Corp (SGCNF)

Sunridge Gold Corp. Appoints Ricardo Muhr to its Board of Directors

Sunridge Gold Corp. announced that Mr. Ricardo Muhr, Vice President of Mineral Resources for Antofagasta Minerals S.A. has been appointed to the company's Board of Directors. Mr. Muhr join the Board as he brings many years of expertise and success in the base metals business to the company. Since 1997 Mr. Muhr has held the post of Vice-President of Mining Resources for Antofagasta and he has been responsible for the national and international exploration for Antofagasta since that time. He holds a degree in Geology from the University of Chile and from 1982 to 1984 he was involved in the exploration and geological evaluation of Escondida, one of the largest operating copper mines in Chile.

Sunridge Gold Corp. Commences New Drill Program at the Asmara Project, Eritrea

Sunridge Gold Corp. announced that it has commenced a new drill program at the Asmara Project, Eritrea. Drilling will focus on expanding the known resources within the 'Development Areas' that contain the four 100% owned deposits, Emba Derho, Debarwa, Adi Nefas and Gupo Gold. Drilling has commenced at the Debarwa high-grade copper-gold-zinc volcanogenic massive sulphide (VMS) project. Approximately 2,000 metres is planned for this phase of drilling which will test several strong geological and geophysical anomalies that appear to be extensions of the known mineralized zones. The objective of this drill program is to expand the existing resource, particularly the high-grade copper supergene zone with an average grade of 5.36% copper using a 1% copper cut-off, containing 158 million pounds of copper in the Indicated category. The deep primary zone at Debarwa, which is open at depth, has an average grade of 2.53% copper with 3.23% zinc in the Indicated category using a 1% copper cut-off and contains an additional 39 million pounds of copper and 49.8 million pounds of zinc. Drilling at Debarwa will focus on a geological and geophysical target outlined over a continuous 1.5 kilometres in strike length located only 150 to 200 metres east of and parallel to the Debarwa Main Deposit. Management believes this could represent an eastern limb of the main deposit. Upon completion of drilling at Debarwa, the program will focus on possible extensions to the large Emba Derho copper-zinc-gold VMS Deposit.

Sunridge Gold Corp. Enters into Strategic Partnership with Antofagasta Minerals S.A

Sunridge Gold Corp. announced that it has signed a memorandum of understanding to enter into a strategic partnership with Antofagasta Minerals S.A. whereby Antofagasta will fund $10,000,000 of exploration work over a 5-year period to earn a 60% interest in part of the company's Asmara Project in Eritrea, now known as the Exploration Areas, and will purchase common shares of Sunridge in a non-brokered private placement for proceeds of $5 million.

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Industry Analysis

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Price/Book 0.6x
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SGCNF

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SGCNF transactions

Type
Date
Target
Private Placement
September 4, 2009
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