Sabre Resources (SBR) has reported visual copper mineralization...

Sabre Resources (SBR) has reported visual copper mineralization (assays pending) from the first two holes at Pad 2, to depths of 15m from surface. The mineralization terminates at what is interpreted to be a bounding fault; unfortunately, the terrain precluded SBR from being able to position the rig further back from this structure. Additionally, tougher drilling conditions have been encountered, with both the hardness of the rocks and water loss (likely due to the bounding fault) causing drilling penetration rates to slow. Difficult ground conditions are not uncommon, and the water sourcing issues have been resolved, despite the difficult terrain at Guchab.

SBR is preparing a fourth Pad near historic underground workings (High Valley), and is commencing site works for resource drilling at Pad 1. SBR is aiming to have these works completed ahead of the wet season, which starts in December. A geophysical survey is also planned to start in the next few weeks.

While the mineralized widths are not as wide as intercepts from Pad 1, mineralization remains insufficiently tested at Pad 2, and SBR has to date encountered copper mineralization in each of the holes drilled. Exploration at Guchab is in its early days, however we are encouraged by the success to date, and maintain our positive view on the prospectivity of the Guchab area.