Sunrise Resources upbeat on Pozz Project test results

Sunrise Resources said first test results from the CS Deposit are excellent and that it looks forward to progressing the commercial aspects of the Pozz Project in 2017.

The Pozz Project comprises two separate mineral deposits -- the CS and Pozz Ash Deposits -- in different parts of Nevada. Each is being evaluated as a potential stand-alone project.

Sunrise said that preliminary testing indicated the CS Deposit sample was a high-quality natural pozzolan, competitive with commercial deposits in the market today.

It added that the CS Deposit sample in 20% substitution for Portland cement gave a favourably high "Strength Against Index" value of 97%, with acceptable water demand.

Further testing was recommended to qualify this material for use in the cement and concrete industries, the company said.

Executive chair Patrick Cheetham said these first results from the CS Deposit were "excellent and we look forward to progressing the commercial aspects of the Pozz Project in 2017."

On the Pozz Ash Deposit, test results for a sample confirmed previously reported results and the need to reduce clay content.

At 11:20 GMT, shares in AIM-listed Sunrise were up 4.35% to 0.12p.