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NEVADA - Sunrise Resources Plc (LSE:SRES) has reported favorable outcomes from its inaugural evaluation program of the Pioche Sepiolite Project in Nevada, signaling potential for commercial viability. The analysis, focused on the sepiolite’s performance in freshwater and saltwater applications, particularly for the oil and gas drilling market, showed that the samples from Pioche compared well with existing US commercial sepiolite.
The testing, designed to replicate commercial processing methods, indicated that the Pioche sepiolite could achieve high viscosity levels similar to or exceeding those of current US products when subjected to procedures like shearing, drying, grinding, and extrusion. These processes appear to significantly enhance the gelling properties of the clay by delaminating bundled fibers, which are characteristic of Nevada sepiolite deposits.
The results may alleviate uncertainties following Tolsa’s decision not to purchase the project at the end of last year. With the US’s sole other sepiolite producer facing environmental constraints, Pioche offers an opportunity to establish a new source of this rare industrial clay.
The Pioche Project has drawn interest from various consumers and clay producers, partly due to anticipated US policies promoting domestic oil and gas drilling to reduce foreign energy dependence. Sunrise expects to continue engaging with the industry to explore development options for the project.
The Pioche Sepiolite Project, managed by Sunrise after Tolsa’s withdrawal, spans several square kilometers where sepiolite has been identified through surface sampling and drilling. The commercial potential of the deposit is now more clearly defined, with the identification of higher-grade areas suitable for production commencement.
This announcement, based on a press release statement, emphasizes the technical aspects of the Pioche sepiolite’s properties and its potential market applications without endorsing the company’s claims. It provides investors with factual insights into the project’s progress and its significance within the industrial clay market.
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