It will all happening for SBS, the Gold resources is to good to be left in the ground. The value from the gold deposit in Koka will one day reflect its true sp. for SBS.
Goldprise stands since weeks at around 900 US $ and above and has more upside potential. Global Goldproduction is decreasing and makes it very attractive for explorers with excellent proven resources and additional upsidepotential in increasing the resources.
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 1.04Mozs Koka gold deposit that is the key asset of Zara Joint Venture in Eritrea and the Nyanzaga Joint Venture with BEAL (Barrick Exploration Africa Limited) which hosts the Tusker gold deposit (4.5Moz grading 1.15g/t Au).
Given this excellent resource estimate and the fact that the Eritrean Government recently awarded its first mining licence, confirming its commitment to mining and the mining industry, we are very confident that the Koka GoldProject has the potential for commercial development."
SBS Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
