SBS 0.00% 2.9¢ sub-sahara resources nl

Tuesday, 7 February 2006ASX Companies AnnouncementsRelease via...

  1. 644 Posts.
    Tuesday, 7 February 2006
    ASX Companies Announcements
    Release via ASX Online
    NEW VMS DISCOVERY AT EMBA DERHO PROSPECT, ASMARA PROJECT,
    ERITREA
    Joint Venture partner Sunridge Gold Corp. (SGC/TSX.V) has reported assay
    results from the first ten drill holes of an initial thirteen hole diamond drill program
    at the Emba Derho VMS (Volcanogenic Massive Sulfide) prospect situated
    approximately 10km north west of the capital Asmara and within 6km of the, Adi
    Nefas VMS deposit.
    HIGHLIGHTS
    ED-003-D – 6.0 metres grading 9.21 g/t Au
    ED-005-D – 22.50 metres grading 2.22 g/t Au and 13.25 metres grading 1.26% Cu
    ED-007-D – 34.0 metres grading 5.45% Zn
    ED-008-D – 11.5 metres grading 5.6% Zn and 20.45 metres grading 1.3% Cu
    ED-009-D– 13.25 metres grading 1.07% Cu
    ED-010-D – 25.80 metres grading 5.51% Zn
    These initial results cover 160 metres of strike to 200 metres vertical depth and
    confirm a previously unknown oxidized gold zone at surface, underlain by copper
    and zinc mineralisation similar to the other VMS discoveries within the Asmara
    Project. The overall grade of this discovery is lower than that reported from Adi
    Nefas and Debarwa but the outcrop suggests there is potentially a much larger
    VMS deposit.
    The surface expression of the Emba Derho gossan zone extends for over 700
    metres and is the largest VMS discovery within the Asmara Project. Emba Derho is
    being recognized as a possible bulk-mineable VMS-style target. The Emba Derho
    is the fourth significant zones of mineralisation within the Asmara Project along
    with Debarwa, Adi Nefas, and Gupo Gold.
    ACN: 061 104 158
    288 Stirling Street, Perth
    Western Australia 6000
    PO Box 8260
    Perth Business Centre
    Western Australia 6849
    Telephone (+61 8) 9227 3260
    Facsimile (+61 8) 9227 3271
    Email: [email protected]
    Web: ww.subsahara.com.au
    Sub-Sahara Resources NL

    2
    Results from the remaining three holes from the Emba Derho drilling are expected
    soon and follow-up drilling will start later this month.
    Table 1: Significant Drill Results – Emba Derho
    Drill hole # From
    metres
    To
    metres
    Length
    metres
    Gold (Au)
    g/t
    Silver (Ag)
    g/t
    Copper
    (Cu) %
    Zinc
    (Zn) % Zone
    ED-001-D 49.00 56.80 7.80 0.05 1.06 1.33 0.20 SG
    ED-002-D 60.00 63.65 3.65 0.11 0 0.89 0.54 P
    And 69.25 71.40 2.15 0.13 0 1.10 0.29 P
    ED-003-D 12.00 18.00 6.00 9.21 0 0.12 0.02 O
    ED-004-D 144.65 157.40 12.75 0.18 3.75 2.09 0.23 P
    ED-005-D 51.00 73.50 22.50 2.22 50.20 0.32 0.89 O+SG
    And 94.20 96.50 2.30 0.20 9.50 1.38 2.32 P
    And 114.40 118.55 4.15 0.11 4.34 0.94 0.62 P
    And 128.85 134.55 5.70 0.12 5.09 0.82 0.54 P
    And 135.65 148.90 13.25 0.12 2.19 1.26 0.81 P
    And 180.85 182.95 2.10 0.13 6.19 2.84 0.13 P
    ED-006-D 34.00 37.00 3.00 1.15 5.50 0.02 0.03 O
    ED-007-D 18.00 21.00 3.00 2.87 6.50 0.01 0.01 O
    And 45.60 51.00 5.40 5.09 12.04 0 0.01 O
    And 63.00 97.00 34.00 0.24 14.02 0.25 5.45 P
    ED-008-D 175.30 186.80 11.50 0.09 2.30 0.15 5.58 P
    And 191.70 196.65 4.95 0.51 14.63 0.33 2.70 P
    And 198.90 201.00 2.10 0.46 11.43 0.52 4.41 P
    And 202.85 206.10 3.25 0.16 0 0.35 4.52 P
    And 221.05 241.50 20.45 0.07 0 1.27 0.09 P
    And 248.25 255.75 7.70 0.17 6.16 3.17 0.13 P
    ED-009-D 35.40 48.65 13.25 0.16 0 1.07 0.06 SG
    And 62.80 65.35 2.55 0.25 0 1.16 2.49 SG
    And 82.25 84.90 2.65 0.20 0 1.24 0.25 P
    And 100.50 104.50 4.00 0.46 2.75 1.51 1.54 P
    ED-010-D 31.50 37.50 6.0 1.09 0 0.01 0.01 0
    And 116.10 123.40 7.30 0.62 31.80 0.20 6.40 P
    And 134.70 160.50 25.80 0.40 8.67 0.20 5.51 P
    And 173.20 181.00 7.50 0.13 0 1.44 0.36 P
    Notes:
    1. Drill intercept lengths only are reported in the tabulations; it is estimated that true width will
    be approximately 80% of the reported drill intercept length.
    2. Hole designation ending in “D” are all drilled by diamond drilling methods only.
    3. Zones of mineralisation in the tabulations are as follows: O = Oxide, SG=Supergene,
    P=Primary zones of mineralisation.
    4. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara
    Project. This program includes chain of custody protocol as well as systematic submittals of
    standards, duplicates and blank samples into the flow of samples produced by the drilling.
    5. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis
    Laboratories (a NATA registered laboratory) in Perth Western Australia.



    3
    The gossanous surface expression of the Emba Derho VMS mineralisation is over
    700 metres in length and forms three tight fold structures that plunge to the north
    and north-east. The massive sulphide mineralisation is composed of a series of
    stacked and folded lenses ranging in thickness from 10 to 30 metres and these
    lenses are cut by a series of narrow (mostly between 1 to 5 metres) un-mineralised
    quartz porphyry dikes. These drill results suggest that the mineralised structures
    plunge and thicken to the north and north-east towards a strong recently defined
    800 metre long gravity anomaly and this anomaly will be fully tested during the
    next phase of drilling scheduled to start later this month.
    For and on behalf of
    Sub-Sahara Resources NL
    M.R. Griffiths
    CEO - Director
    For further information please e-mail Michael Griffiths
    ([email protected]) or contact by phone on 61-8-9227 3260
    # Reported in accordance with the Aus. IMM “Australasian Code for Reporting of
    Identified Mineral Resources and Ore Reserves” and is based on information
    complied by Mr M.R. Griffiths, a competent person as defined by the Code and a
    Member of Australasian Institute of Mining & Metallurgy. Mr Griffiths is employed
    by Sub-Sahara Resources NL and has consented to the information in the form
    and context in which it appears.

 
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