Hi all,
SBS in the prgress to add value on from excellent resours updates and increased outlook to benefit from Gold price.
Australian resources company Sub-Sahara Resources (ASX:SBS) advises that drilling
has commenced at the Mabale Hills Project in Tanzania, East Africa (Figure1). This
project forms part of the Lake Victoria joint venture with the Canadian-listed company,
Currie Rose Resources Inc.
The Mabale Hills Project is characterised by steeply dipping, highly deformed banded
ironstone formations (BIF's) surrounded by acid volcanics, with granitoids to the west
and east. Gold mineralisation has been identified in quartz veins and disseminated in
BIF's and cherts. Previous exploration generated a number of significant drill targets
including the colonial Mwamazengo gold mine, the Sisu River anomaly that lies along
strike for the +500,000oz Kitongo gold discovery, and the Dhahabu prospect.
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