http://www.sunrisediamonds.com/



Sunrise Diamonds has been established as a spin-out from the Tertiary Minerals
primarily to acquire and exploit Tertiary's diamond
exploration interests in Finland. It also intends to acquire, explore for, and
develop additional diamond exploration properties.
Sunrise's properties comprise 2 claims (exploration licences) and 34 claim
reservations in the Kuusamo region of north-east Finland. These confer exclusive
exploration rights over new kimberlite discoveries made by Tertiary Gold at
Kalettomanpuro and Kattaisenvaara.

RNS's from SDS can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=sds&go.x=19&go.y=7

Sunrise Diamonds PLC
09 June 2005




June 9, 2005

SUNRISE DIAMONDS UP AND RUNNING

Exploration Work Started In First Week following AIM Admission
Initial Drilling Will Be On Priority Targets And Continue Through Autumn
New Application Lodged for Further Prospective Ground

Sunrise Diamonds plc, ('Sunrise Diamonds' or 'the Company') announces that
following its placing and AIM admission earlier this week exploration work has
begun on kimberlite targets in the area of the Kuusamo kimberlite cluster in
northern Finland.

Processing of surface and basal till samples has commenced with the objective of
recovering diamond indicator minerals. This work will help prioritise magnetic
targets for follow-up drilling. For certain magnetic targets, where ground
conditions precluded till sampling, ground geophysics is now in progress to
enable drill-holes to be accurately sited.

Drilling of priority targets will start by mid-July and is expected to continue
throughout the summer and autumn.

The Company is working to generate additional kimberlite targets and has made
application for an exclusive claim reservation in a separate area of Finland
close to the diamondiferous Kaavi-Kuopio kimberlite cluster where European
Diamonds is currently bulk sampling the Lahtojoki pipe.
'We are delighted to hit the ground running with our exploration programmes
following the successful launch of the Company on AIM this week. We expect to be
reporting results on a regular basis over the summer.' commented Sunrise
Diamonds' chairman Patrick Cheetham today.

Further Information:

Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)
7767-458751

www.sunrisediamonds.com


wilbs

Speculative Buy Sunrise at up to 3p



Background: Today's recommendation makes it a hat-trick of buys for Allnewissues this week. Does this indicate a possible improvement in sentiment for the new issue market? No, but there does appear to be far fewer over-hyped exploration and mining stocks making applications to join the market than there were a few months ago. With that introduction it may be somewhat of a surprise to learn that we are tipping shares in a diamond exploration play. But this one is very different. After a freak find of some hidden records of DeBeers led exploration activity, an exciting exploration company was born.

Sunrise Diamonds is a spin-off from Tertiary Minerals. The company has raised around 700,000 to fund exploration of a cluster of kimberlites found in the highly prospective diamond window of Finland so-called because of its exceedingly high rate of diamondiferous kimberlites. Indeed, published geochemical data on indicator minerals suggest that the region, situated in Northern Finland, just below the arctic circle, may be more than 90km thick. This would put it on par with other cratons in the world containing economic diamond deposits. However, the one significant difference is that of the world average of kimberlites, only 10% contain diamonds - in Finland, this figure is over 50%.

When you consider the low valuation, low political risks, excellent management and a highly prospective licence area, it isn't too difficult to see why Sunrise Diamonds represents such an excellent proposition. Its management has backed it to the hilt, investing 70,000 between them - for an exploration junior, which is essentially a huge gamble, this is very encouraging indeed.

Operations: Sunrise is working on a prospective area spanning some 41km by 30km it isn't all held under claim, neither is it one solid, unbroken prospective region, but rather this represents the area over which drilling will take place over the next six months. Tertiary had been exploring in Finland for a number of years. Last year, the company did some diamond exploration and stumbled across some hidden records that indicated diamond giant DeBeers had done some work in the region. The company followed this up and over the next six months found three kimberlites, two of which were new discoveries building on the original DeBeers find. Having made these discoveries, and because tertiary already had a spread of commodities, brokers WH Ireland suggested spinning off a new company. Tertiary shareholders were offered the opportunity to invest in the new company at 1p a share in an issue that was substantially oversubscribed. The second placing, which raised around 300,000 at 2p with an attached half warrant at 3p, was completed with institutional investors last week.

Its not difficult to see the attraction of Sunrise. Geochemical data on indicator minerals suggests that the diamond window beneath central Finland may be 90km or more thick, putting it on a par or greater than other cratons in the world containing economic diamond deposits because of its situation within a thick, cool continental crust. Kimberlites are widely distributed in the Karelian craton and a higher-than-average percentage contain diamonds. Independent experts at Draig Mineral Developments have confirmed the prospects for the region, reporting that the necessary geological conditions for formation and preservation of diamondiferous kimberlites occur in the area. Draig has confirmed that the kimberlites have tapped the diamond stability field of the earths mantle and have not been affected by the diamond destroying processes of high temperatures. Sounding good so far? Well, add this to the fact that the main Kuusamo project area is on the southern margin of a province that stretches for over 1,000km from Northern Finland through the diamond bearing regions of Kandalaksha, Terskii Bereg, Arkhangelsk and Central Timan in north west Russia. Some of the largest economic deposits in the world have been found in the Arkhangelsk region, including the Lomonosov diamond mine run by Alrosa and the highly diamondiferous Grib pipe.

Business Development: Over the next six months, Sunrise will concentrate its efforts on the three Kuusamo kimberlites discovered last year in a previously unknown cluster, whilst also testing 45 newly defined targets in the same area of the Karelian Craton. This is set to involve ground magnetics, deep till sampling, and diamond drilling followed by micro-diamond analysis. Whilst drill activity might sound rather arduous, the reality is quite different. One of the advantages of the Karelian Craton is its excellent infrastructure the company can actually drive up to its main project in a standard saloon as the harsh terrain usually associated with diamond exploration is simply not the case here. One of the areas of Finland and Russia where they join, is one of the most prospective diamond regions in the world. Al Rosa, the main diamond producer in Russia, there exploration activities are in the same geological setting as sunrise's exploration area. The fault zone runs through from the archangel province area to the area where sunrise is working.

Management: The project manager of Sunrise is Andrew Dixon, a mineral processing engineer, who has held plant supervisory and management positions with De Beers, Argyle Diamond Mines, Trans Hex and Ashton Diamonds. Non-executive director Neil Herbert is currently finance director of Kalahari Diamonds, and formerly CFO of AIM-listed Brancote Holdings until its US$368m takeover in 2002, and Patagonia Gold from listing in 2003 to its sale nine months later. Fellow non-executive Francis Johnstone is currently commercial director of AIM-listed Ridge Mining and a non-executive director of Brazilian Diamonds Ltd which is actively exploring a number of diamondiferous kimberlites in Brazil. Finally we have Patrick Cheetham, chairman, and serial exploration company founder, having an excellent record of not only successful exploration, but also selling out his exploration start-ups to larger players. Cheetham has invested 60,000 in the Sunrise offer and is certainly putting his money where his mouth is.

Investment conclusion When Sunrise lists on Monday, it will have a market capitalisation of just 1.51million, 700,000 of which is cash. All Tertiary shareholders that acquired stock via the special rights issue are locked in, therefore the market is likely to be very tight. Not to mention the fact that excluding the attractive prospects for diamond discovery, Sunrise has an excellent board who between them are drawing total salaries of just 24,000. Although exploration costs are likely to clear the majority of cash balances inside of a year, the reality is that within that time frame, the company should have been able to report back on a number of its drill targets and hopefully, be able to raise further funds at a significant premium assuming results are good. The management certainly think they will be.

Prospects for the region sound fantastic. Finland has only been open to foreign exploration since 1994 and therefore still holds the prospect of uncovering significant discoveries in what remains a largely unexplored region. There is speculation that the age of some of the Kuusamo kimberlites may be similar to those found near Arkhangelsk in Russia. This could, and we reiterate could, indicate that the chances of a economically viable discovery are significantly better than the opening market valuation suggests. But as AIM listed European Diamonds has shown, exploring in this region is not a sure fire thing. However Sunrise's market capitalisation more or less discounts total failure. European seems to discount some success. This looks a far more attractive risk reward play. And we know that it will be newsflow that drives the share price forward and we certainly expect plenty of updates as the company undertakes its ambitious drill programme.

The management certainly appear convinced of a find, as they have invested some 70,000 between them, including 60,000 from chairman Patrick Cheetham. The four members of staff at Sunrise have also invested heavily in the offer. Tertiary will retain a 26.53%. stake in the company which with 75.37m shares on listing has a capitalisation of 1.51m at issue price a small listing, even by AIM standards and with such a small free float (Tertiary holders locked in) we think demand for the shares will well outstrip supply, resulting in a sharp rise in the shares on Monday. For those prepared to jump in at the gun, Sunrise is an excellent speculative buy at 2p we advise buying at anything up to 3p.

wilbs

Sunrise Diamonds says work started on Finnish prospect
AFX


LONDON (AFX) - Sunrise Diamonds PLC, which listed on AIM this week after being spun out of Tertiary Minerals PLC, said it has started work on its diamond prospect in Northern Finland.

The group said it is taking soil samples to help identify targets for drilling, which is expected to start by the middle of next month.

The group also said it has applied for exclusive rights for diamond exploration in another part of Finland close to the Kaavi-Kuopio are where European Diamonds PLC is taking samples.

newsdesk@afxnews.com

wilbs

Uk-Analyst.com: June 8th

It's not only Marilyn Monroe that loves diamonds, the City was quite keen on them today too. Shares in Sunrise Diamonds shone today, adding 0.625p to 3p as a significant stock overhang was cleared. City Equities, which takes large positions in smaller companies via private placings before selling them on to its private clients, announced that it had shifted 9.8 million out of its 10 million shares.

wilbs

From todays Shares Mag.

New Sunrise for Tertiary
Base metals miner Tertiary Minerals
(TYM:AIM) has spun its diamond interests
into a new vehicle, Sunrise Diamonds
(SDS:AIM), which floated on AIM this week.
The diamond explorer owns two
kimberlites in Finland and has raised 700,000
to fund intensive drilling over the next six
months. Tertiary will retain a 26.5% stake in the
company, which lists a raft of well-respected
names in the mining world on its board.
Sunrise floated with a value of 1.5 million.
Diamond prices are expected to climb over
the next few years as production falls and
experts are estimating a $4 billion shortfall in
the market equivalent to a years entire
diamond output from diamond giant De
Beers.

wilbs

From UK-Analyst.com: June 9th 2005

Exploration work has begun at newly floated Sunrise Diamonds' kimberlite targets. News that sample processing had begun in the area of the Kuusamo kimberlite cluster in northern Finland, sent its shares 0.25p higher to 3.25p. Processing of surface and basal till samples have started, with the objective of recovering diamond indicator minerals. This work will help prioritise magnetic targets for follow-up drilling. Drilling of priority targets will start by mid-July and is expected to continue throughout the summer and autumn

thanks for your postings wilbs. Appreciate it

No problem Rasenberg, its good to see someone with an interest. Are you in?
wilbs

I am indeed. Took up the share offer from holding Tertiary Minerals shares. Now that must go down as one of the worst ever investments for me. Hoping this might help turn my luck around.

Only a very small holder. New to this game and learning the hard way

Thats how we all learn!! I think SDS is a good one to hold, the problem is that there are so many small mining companies hoping to strike it. Like all penny shares they have a high risk, especially with the spread on some. Im also into Uranuim Resources (URA). Due a tick up soon.
I will keep the thread updated when I get more info.
wilbs

Website now up and running and info on their projects.

http://www.sunrisediamonds.com/

wilbs

KEY KIMBERLITE INDICATORS FOUND

AT FIVE MAGNETIC TARGETS IN N. FINLAND

Drill Testing of Priority Targets In Diamond Search To Start Within Days
Indicator Minerals Include Kimberlitic Chromites, Pyrope And
Picro-Ilmenites

Sunrise Diamonds plc, ('Sunrise Diamonds' or 'the Company') is pleased to
announce that drill testing of magnetic targets at its Kuusamo diamond project
in northern Finland will start within the next few days. This follows the
finding, in early sampling, of kimberlite indicator minerals ('KIMs') including
kimberlitic chromites, pyrope garnets, picro-ilmentites, and chrome diopsides.
KIMs are minerals typically found in kimberlites, the main primary source of
diamonds.

The Karelian Craton, a geological block that underlies northern and central-east
Finland and a part of neighbouring western Russia, is considered by the Company
to be one of the most diamond prospective areas in the world. Over the border
this craton hosts the world-class Arkhangelsk diamond deposits, whilst the
prospectivity of the Finnish part of the craton has been further enhanced by the
announcement by European Diamonds PLC last week of the discovery of a new
kimberlite body in central Finland.

Since admission to AIM on 6 June the Company has progressed quickly in its
evaluation of its untested targets at Kuusamo. A total of 89 surface and basal
till samples have now been taken to test for glacial dispersion of possible
kimberlite material from a total of 33 magnetic targets. In addition ground
magnetic surveys have been carried out at 11 targets. Thirty-one of the till
samples have been processed for indicator mineral recovery by the Geological
Survey of Finland (GTK) as contractor for Sunrise Diamonds.

GTK has commenced preliminary indicator mineral picking and microprobe analyses
of selected indicator mineral grains to confirm their kimberlitic parentage. To
date KIMs have been found in six samples associated with five of the initial
magnetic targets. They include 'kimberlitic' chromites having compositions
matching chromites found as inclusions in and inter-grown with diamond,
'kimberlitic' picroilmenites with compositions favouring diamond preservation,
pyrope garnet, and chrome-diopsides of mantle origin.

Drilling will progressively test priority targets defined by a combination of
magnetic anomalies and kimberlite indicator minerals. Indicator mineral sampling
and picking is continuing.

'It is particularly exciting to get such positive results so early in the
programme and raises an expectation that further kimberlites will be discovered
in the Kuusamo area.' commented Patrick Cheetham, Sunrise Diamonds' Chairman,
today.

wilbs

Thanks again for the info Wilbs.

No probs Rasenberg.
I like this company, they dont hang about, this is since june.

Since admission to AIM on 6 June the Company has progressed quickly in its
evaluation of its untested targets at Kuusamo. A total of 89 surface and basal
till samples have now been taken to test for glacial dispersion of possible
kimberlite material from a total of 33 magnetic targets. In addition ground
magnetic surveys have been carried out at 11 targets. Thirty-one of the till
samples have been processed for indicator mineral recovery by the Geological
Survey of Finland (GTK) as contractor for Sunrise Diamonds.

wilbs

New Kimberlite finds today and up to a 3p bid so 300% up on June 1st launch. Expecting a continued positive news flow through to end Summer during validation phase in Finland. Much more to come yet I feel.

Its good news and im sure there will be plenty more. Tuck this baby away for a while, 2 years sounds good to me!!!

Sherlock Hargan reporting from the deepest corner of the Kuusamo region of north-east Finland. .....European Diamonds have jumped +50% on the news of their first diamond recoveries in Finland this week having been in an intensive Kimberlite testing phase. SDS are testing their rights in the same geological zone as part of their testing phase in Finland with results expected late Summer. We all know the risks in these stocks but even though my logic is elementary, my dear Watson, surely a reason to add a few at the current price for as long as it's available. A positive result will send these into orbit.

News Releases
14, December 2005

SUNRISE ACQUIRES DIAMOND EXPLORATION DATABASE FOR WHOLE OF FINLAND

BHP Billiton Database Gives Sunrise 6 Year Leap-Forward In Exploration Of Karelian Craton
Consideration Is Five-Year Option On 5m Sunrise Shares At 5p Each
BHP Billiton Has Right To Match Terms Of Any Third Party JV or Acquisition Offer
Sunrise Diamonds plc ( Sunrise or the Company) is pleased to announce that it has signed an agreement with BHP Billiton to acquire exclusive use of BHP Billitons diamond exploration database for the whole of Finland. It includes results from over 18,000 geochemical samples, 25,000 line km of close-spaced airborne geophysical data, a large archive of ground magnetic and drilling data and numerous evaluation reports. Sunrise estimates that this extensive database has a replacement value of over US$10milllion.

Terms for the acquisition are the issue to BHP Billiton of a 5-year option to acquire 5 million Sunrise shares at 5p each (a premium of 150% to the share price on 13 December 2005) and granting it the right to match any third party terms for any future joint venture or acquisition of any Sunrises diamond exploration projects in Finland. Should this result in a JV with BHP Billiton being established, BHP Billiton will also have the right to match the diamond marketing terms and conditions offered by any third party.

BHP Billiton acquired the diamond database in 2001 as a result of its takeover of Dia Met Minerals Ltd (Diamet), the Canadian exploration company whose main asset at that time was its Ekati diamond project in the Northwest Territories, which is now in production. The database was assembled from the results of 6 years exploration (1994-2000) by Diamet in Finland and includes merged data from a joint venture with Australias Ashton Mining. Ashton had been exploring in Finland since 1986 and had discovered 25 kimberlite pipes, mainly in the Kaavi-Kuopio area near the south-west margin of the Karelian Craton.

Diamets exploration activities in Finland were directed by Chuck Fipke, the pioneering geologist whose discovery of Ekati resulted from his dogged devotion to tracing kimberlitic indicator mineral trains for many hundreds of miles back to their source. Diamets exploration in Finland ended with the BHP Billiton takeover, but target selection was ongoing until then.

Commenting today, Sunrise Chairman, Mr Patrick Cheetham, said: The replacement value of this database is more than twice our current market capitalisation. It will help focus our exploration effort in the Kuusamo area where we recently announced the discovery of micro-diamonds. It also gives us a 6-year leap forward in target definition and exploration in the remainder of the Finnish sector of the Karelian Craton. Over the border in Russia the same craton already hosts producing diamond mines.

Further Info :
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)7767-458751
John Greenhalgh / Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518

The news of the BHP Billiton initiative promoted a sharp jump in SDS price - up 62% at peak, now only 50% - but surprisingly, has had no impact on Tertiary at all (yet). Have topped up on TYM - do not hold any SDS.

Regards,

BTB

Starvest have invested 400k for 14% of sds, obviously not a total certainty but I would expect this to move haead, maybe to 5p short-term!!

The 400k is for?