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Sunrise Resources to form new unit in Nevada to acquire local gold projects

Sunrise ResourcesPlc said April 7 that it will establish a new subsidiary in Nevada toacquire gold projects in the state using the low-cost project generator model.

Executive Chairman Patrick Cheetham said that "a five yeardecline in the junior resource sector has opened up some great opportunities"in Nevada.

In addition, Sunrise has planned fieldwork at the diamond project in Australiato target the source of Target 5 diamondiferous kimberlite float and additionalkimberlite geophysical anomalies, it said.