Wednesday 5th December, 2007ASX ANNOUNCEMENTMwamazengo gold...

Wednesday 5th December, 2007
ASX ANNOUNCEMENT
Mwamazengo gold prospect in Tanzania extended to
depth
Sub-Sahara Resources (ASX: SBS) advises that the latest phase of drilling at the
Mwamazengo Prospect (Mabale Hills Project) in Tanzania Africa, which forms
part of the Lake Victoria Joint Venture with Canadian-listed Currie Rose
Resources Inc (TSX-V: CUI), has been completed and all assay results have
been returned (Figure1).
Drilling highlights from Mwamazengo include:
Hole From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
MBNR-D037 192 196 4 7.46
MBNR043 0 9 9 1.99
MBNR-D046 227 230 3 6.77
MBNR-D047 155 160 5 3.89
The drill programme, totaling 14 holes for 2,125.5m, was designed to test up and
down dip extensions to the known mineralisation (MBNRD037, 045, 046, 047,
048 and MBNR042, 043, 044) and was successful in extending the vertical depth
of gold mineralisation to over 200m.
Some drill holes were also designed to test for a possible northeast (MBNR038,
039 and 050) and southerly strike extension (MBNR040, 041 and 049) to the
gold mineralisation. Only minor mineralisation was intercepted in holes
MBNR038, 039 and 040. The southern traverse of drill holes was not considered
definitive as hole MBNR049 failed to reach depth due to drill rig failure and the
mineralisation is thought to be plunging in this direction. The current strike extent
of known gold mineralisation is 320m,
A geophysical programme of Induced Potential (IP)/Resistivity is underway at
Mabale Hills to help identify new zones for drill testing and to assist with the
interpretation of strike extensions to the areas of known gold mineralisation at
Mwamazengo and Dhahabu Prospects.
2
Sub Sahara Managing Director Michael Griffiths said, “These results are very
encouraging and have extended the known gold mineralisation. Our focus is to
find other resources close to Mwamazengo and we have already generated a
number of interesting targets that will be developed over the wet season in
preparation for drilling next year�.
Significant gold assay results, that complete reporting for the latest drilling at
Mwamazengo, are given in Table 1 below:
Table 1- Significant drill intercepts for gold – Mwamazengo Prospect
Hole From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
MBNR-D037 92 94 2 7.33
MBNR-D037 192 196 4 7.46
MBNR-038 90 91 1 2.15
MBNR-039 57 58 1 2.43
MBNR-039 99 101 2 3.23
MBNR-040 102 103 1 1.07
MBNR-042 39 45 6 1.18
MBNR-043 0 9 9 1.99
MBNR-044 59 62 3 2.54
MBNR-D045 179 184 5 1.61
MBNR-D046 227 230 3 6.77
MBNR-D047 77 80 3 1.61
MBNR-D047 155 160 5 3.89
MBNR-D047 188 189 1 1.75
MBNR-D047 203 205 2 1.88
MBNR-D047 216 217 1 1.98
MBNR-D048 207 208 1 1.15
MBNR-D048 247 248 1 1.15
Notes:
1. All Assay values are uncut
2. As there is insufficient data to calculated true widths, drill intercept lengths only are reported.
3. A Quality Assurance/Quality Control program is part of the drilling program on the Mabale Hills 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.
4. Samples are prepared and analysed at Humac Laboratories – Mwanza, Tanzania
For and on behalf of
Sub-Sahara Resources NL
Web site: www.subsahara.com.au
M.R. Griffiths
Managing Director
About Lake Victoria Joint Venture
The Lake Victoria Joint Venture with Canadian listed Currie Rose Resources Inc (TSX-V) (Currie)
covers two project areas, Mabale Hills and Nyamirembe. Currie has earned a 40% interest in the
project areas and can increase its interest in these licences to 70% by completing a bankable
3
Feasibility Study on either of the projects. Sub-Sahara is the operator of the Joint Venture. The
Mabale Hills project consists of five licenses and one application covering 261 square km.
About Sub-Sahara
Sub-Sahara Resources is an ASX listed company (ASX: SBS) with interests in a number of
highly prospective and rapidly expanding African projects, including the Nyanzaga joint venture
with Barrick Gold, Lake Victoria joint venture with Currie Rose Resources, and the Nyakufuru
joint venture with Resolute Mining (all in Tanzania), and the Zara joint venture in Eritrea. The
company holds 7.6 million shares in Sunridge Gold Corp (TSX-V:SGC) and has an equity interest
in Currie Rose Resources Inc (TSX-V:CUI).
FOR FURTHER INFORMATION:
Michael Griffiths, Managing Director
Sub-Sahara Resources
[email protected]
Ph: +61 8 9227 3260
Jill Thomas
Professional Public Relations (WA)
[email protected]
Ph: +61 8 9388 0944
Competent person statement
The information in this report that relates to Exploration Results, Mineral Resources or Ore
Reserves is based on information compiled by Mr M R Griffiths, who is a Member of The
Australasian Institute of Mining and Metallurgy. Mr Griffiths is a full-time employee of Sub-Sahara
Resources NL. Mr Griffiths has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking
to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Griffiths consents to
the inclusion in the report of the matters based on his information in the form and context in which
it appears.
Figure 1 – Mwamazengo Prospect – Mabale Hills Project, Drill Hole Location Plan