Sunrise Resources' shares were boosted on Tuesday after ongoing exploration at the project in Junction, Nevada, in which the company has an interest, confirmed down-dip potential of copper-silver veins.
An induced polarisation survey is now taking place to evaluate and refine the target at Denio Summit in the western part of the property, while site operator VR Resources continues to conduct surface exploration across the project.
Sunrise Resources has a royalty interest in the project which it retained after selling to VR Resources.
A statement from VR Resources said: “The size and magnitude (density contrast) of the anomaly are evidence for the down-dip continuation of the sulphide veins, and potentially a sulphide bearing intrusive source. The overall vein system at Junction extends for six kilometres along the Antelope Shear Zone; our work this spring will increase our understanding of the entire system, and more specifically refine and evaluate the Denio Summit target for first-pass drilling.”
The operator has also revealed that it has increased the size of the property by staking 19 claims within the area in which Sunrise Resources is interested.
As of 1413 BST, Sunrise Resources' shares were up 15.20% at 0.14p.