http://www.sunridgegold.com/i/maps/Asmara-Projects-Deposits-and-Targets.jpg

Highlights
Sunridge has drilled over 140,000 metres on the Asmara project since acquiring the project in 2003.The Asmara Project in Eritrea hosts four deposits, three of which, Emba Derho, Debarwa and AdiNefas, have combined TSX 43-101 Indicated resources totaling:
1.28 billion pounds. of copper,
2.5 billion pounds of zinc,
955,000 ounces of gold, and
31.2 million ounces of silver
A fourth deposit, Gupo Gold, contains an additional Inferred resource of 189,000 ounces of gold.
Major exploration upside -- geologically rich area. Several high priority drill ready VMS targets.
Location and History

The Asmara Project covers approximately 700 square kilometres in central Eritrea, located immediately to the north, south and west of the capital city of Asmara. The infrastructure is excellent with roads, power, water and airports servicing the project area.

Sunridge Gold entered into a joint venture agreement in 2003 and has now earned 100% of the project. The Eritrean government has a 10% free carried interest.


Eritrea

Eritrea is a country with immense geological potential with several high-grade Volcanogenic massive sulphide (VMS) discoveries being made in the past five years including several within Sunridge Gold's Asmara Project.

The country has been run by a transitional government since independence on May 24, 1993. There are approximately four million people in the country whom depend largely on subsistence agriculture. The mining code is based on the mining code of the Northern Territories of Australia with a royalty of 5% on precious metal, 3% on base metals and tax rate of 35%.

Eritrea has a moderate climate and excellent infrastructure for Sunridge Gold's project with roads, railroads, international airports and a port 120 km away.

Development Projects

Emba Derho (VMS Deposit)
Approx 62.5 m/tonnes containing 990 m lbs Cu, 1.9 billion lbs Zn, 580,000 ozs Au & 20.8 m/ozs Ag. Positive PEA completed June 4, 2009

Debarwa (VMS Deposit)
4.4 m/tonnes including copper zone with 1.3 m/tonnes 5.36% Cu, 1.54 g/t Au, 33.87 g/t Ag. Open for expansion in several directions.

Adi Nefas (VMS Deposit)
2.7 m/tonnes grading 8.38% Zn, 2.85 g/t Au, 1.39 % Cu,
& 99.30 g/t Ag. Potential to add to Emba Derho future mine plan

Gupo (Gold Deposit)
1,965,000 tonnes grading 2.99 g/t Au totaling 189,000 ounces gold.

Exploration Targets

Recent exploration activities have been focused on advancing several new high priority exploration targets to the drill ready stage. Exploration work has consisted of geophysical and geochemical surveys in conjunction with detailed geological mapping and sampling. These techniques, particularly the use of ground gravity surveys, have historically shown success in the Company's search for volcanogenic massive sulphide (VMS) deposits on the Asmara Project and led to the discovery of the Emba Derho deposit in early 2007.

This recent exploration work has outlined a number of strong gravity anomalies -- several of which are significantly larger and stronger than the Emba Derho anomaly. Some of these gravity anomalies also have coincident electromagnetic (EM) and soil geochemical anomalies, and are located adjacent to known gossans -- the weathered surface expression of VMS-style mineralization.

http://www.sunridgegold.com/s/Eritrea.asp

http://www.nevsun.com/investors/factsheet/2010-09-07nevsun-ifs.pdf

http://www.southbouldermines.com.au/projects/eritrean_potash/overview_ep/
South Boulder Mines commences trading after a news announcement that it upgrades its exploration target to 500 to 750 million tonnes of potash ores from the initial 300 to 500 million.

http://www.londonafrica.co.uk/p/p_i.php

http://www.emeceritrea.com (Best website has all mining/resource companies in Eritrea)

WOW, this is great! There is huge potential minerals under Eritrea. :pepper:

http://www.seeklogo.com/images/A/AngloGold-logo-67D8806784-seeklogo.com.gif
AngloGold was a gold mining company based in South Africa and majority-owned by the Anglo American group. In 2004 it merged with the Ashanti Goldfields Corporation to create the world's second-largest gold producer, AngloGold Ashanti.

Johannesburg, South Africa --- MININGREVIEW.COM --- 12 May 2011 - Africa’s leading mining group ‒ AngloGold Ashanti Limited ‒ views its exploration initiative in Eritrea as being at a similar stage as when it moved into Colombia, where it had so far delineated a resource of 12.3Moz of gold at the La Colosa project.

Miningmx reports that this is according to AngloGold Ashanti senior vice-president for global exploration Roric Smith who said: “The risk is very high and we are not sure where it will all end up, but Eritrea represents a significant opportunity.”

Interviewed after the AngloGold Ashanti March quarterly presentation here, Smith said that while AngloGold was a relative latecomer to the country, the group had immediately committed considerable resources to its exploration effort.

The attraction of Eritrea – and adjacent countries where AngloGold was also exploring such as Egypt, Saudi Arabia, Djibouti and Ethiopia – was that it lay on a geological formation called the Nubian shield. The Nubian shield is highly prospective for gold deposits, but very little exploration work has been carried out so far because of the region’s turbulent political history.

In Eritrea, AngloGold has so far completed a 10,000 line kilometre airborne electromagnetic, magnetic and radiometric survey at its Kerkasha and Akordat North exploration licences.

The preliminary results were being interpreted and surface geochemical programmes had started. Smith said exploration drilling could start in the fourth quarter of this year.

AngloGold CEO Mark Cutifani said: “Eritrea is one of the most prospective new frontiers for the gold mining industry and there is still plenty of ground available for exploration.

“We have picked up around 4,000sq km of ground so far and have other applications in. Our strategy in the area is one of organic growth, and is not an acquisition-driven strategy.”

AngloGold’s projects in this region are being carried out through a 50/50 joint venture set up in 2009 with a company called Thani Dubai Mining, which is headquartered in Dubai.