Together, these licences (Nefasit, Adi Dairo, Terer and Meli) cover about 900 sq. km. of the prospective Arabian Nubian Shield in northern Ethiopia. The licensed areas are located in the same geological environment as both Zijin Mining’s Bisha mine and the Asmara projects to the north in Eritrea.
In Wednesday’s news release, Sun Peak said it will restart exploration at Nefasit, Terer and Meli in the first half of this year. Proposed work includes drilling to test multiple copper-gold VMS targets previously developed by the company.
“We are very happy that the Tigray region is again peaceful and stable,” Sun Peak CEO Greg Davis said in the release.
“Our Ethiopian team based out of Addis Ababa and Shire are available and supportive for a return to exploration activities. Multiple governmental and non-governmental agencies have been supportive of re-entering the region. We worked hard to keep our in-country technical team…
