(MENAFN- ProactiveInvestors)What grounds for encouragement can be read into the latest news from Sunrise Resources (LON:SRES) which details high grade silver hits at its Bay State silver project in Nevada Quite a lot in fact. Back in June the company recorded what it called 'bonanza' silver grades from underground sampling of the Chihuahua vein system at Bay State. These ran as high as 4020 grams per tonne silver at one end of the underground workings and averaged at around 1000 grams per tonne along the length of the old adit. Chip and grab sampling of the type employed here by Sunrise can usually only be taken as an indication of potential ahead of a more rigorous and comprehensive investigation which usually involves the employment of the drill bit. And in this case the guide provided by the sampling provided a good taster of what was to come. In late August drilling got underway at Bay State with three holes planned at 150 metre spaces for a total of 500 metres. Technical difficulties relating to steep terrain set the programme back a few days but by mid September it was all done and dusted and the results are now in. Theses showed high grade silver in all three of the holes with highlights including 1460 grams per tonne silver over 0.2 metres from the first hole 566 grams per tonne over 0.5 metres from the second hole and 503 grams per tonne over 1.4 metres from the third hole. Overall the results from the drill core conform fairly well to the predictions made by previous 3-D modelling giving plenty of grounds for encouragement that Sunrise chairman Patrick Cheetham who is a geologist has got a good handle on how the mineralisation is working here. And with grades like these rich indeed in silver exploration terms there's little doubt that the company's statement that follow up drilling is 'now warranted' carries a lot of force. 'So far we've drilled at a wide spacing on only the northern section of the vein and to a relatively shallow depth' said Cheetham. 'We need to drill many more holes to get a true picture of the silver mineralisation but this is an excellent start.' In the long run indeed Bay State could yet turn out to be the making of the company. A former operating mine that was first worked in the late 19th century and then well into the 20th Bay State's grades were always high. At one point the mine was producing ore directly for sale that was grading upwards of 100 ounces per tonne (2800 grams per tonne). Whether Sunrise will ultimately be able to mine at grades as high as that is unlikely since it's pretty certain the old-timers will have taken the best of the ore. But this initial drill campaign has clearly demonstrated the continuity of silver mineralisation below and beyond the levels of the historic workings. If that's not grounds for encouragement in the wildcat world of mining exploration it's hard to know what is. It will be fascinating to watch as the results from the next round of drilling come in.
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