“The Koka Gold deposit has all the right ingredients to be a successful project. We have a high grade gold deposit that we already know it extends a further 160 metres to the south and mineralisation is still open at depth.”
“With the gold price remaining steady, this substantially enhances the Zara Project, not merely for Sub-Sahara and its shareholders, but for the emerging Eritrean mining industry.
The Zara Joint Venture comprises four contiguous licenses covering an area of 196km2 situated in northern Eritrea, approximately 160km northwest of Asmara city. Sub-Sahara has earned a 69% interest in the project.
Sub-Sahara Resources has interests in a number of highly prospective and rapidly expanding African projects, including the Zara joint venture in Eritrea and Nyanzaga joint venture with Barrick Gold, and the Nyakufuru and Kahama joint ventures with Resolute Mining (all in Tanzania).
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