AVM advance metals limited

sbs find more gold

  1. 2,388 Posts.
    Looks like Anvils investment in Sub Sahara might pay off.


    More high-grade gold intercepts from Sub-Sahara's Zara
    13:22, Wednesday, October 24, 2007

    Sydney - Wednesday - Oct 24: (RWE Australian Business News) -
    Results from diamond drilling at Sub-Sahara Resources NL's (ASX:SBS)
    Koka prospect (Zara project) in Eritrea have returned further
    significant high-grade gold intercepts.
    Infill drilling of the Koka discovery has continued to identify
    high-grade gold and broad zones of gold mineralisation as part of an
    on-going resource definition drilling program.
    Drilling highlights:
    * ZARD062 - 3.9m at 65.10g/t gold;
    * ZARD064 - 5m at 8.59g/t gold;
    * ZARD065 - 4m at 9.48g/t gold;
    * ZARD067 - 4m at 21.37g/t gold
    4m at 59.89g/t gold;
    * ZARD069 - 5m at 367.71g/t gold
    including 1m at 1,652.33g/t gold;
    * ZARD070 - 13m at 57.24g/t gold; and
    * ZARD071 - 4m at 43.49g/t gold.

    *****

    Managing director Mr Michael Griffiths said, "Koka is shaping up
    very well for Sub-Sahara. These latest drilling results from the infill
    drilling at the Koka gold deposit have added further significant gold to
    the deposit inventory.
    "Our drilling is returning consistent high-grade gold values and
    we expect further good results from the recently completed drill-out
    phase.
    "All the drilling required to complete the next resource
    estimate has now been completed and the remaining assays are in the
    pipeline. The estimate remains on track and is scheduled for completion
    by the end of December 2007."

 
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