Just found this news on mining weekly. Hopefully a good day on...

Just found this news on mining weekly. Hopefully a good day on the market for SBS on Monday with these results.


http://www.miningweekly.com/article.php?a_id=136494

Sparkling drilling results from Zara gold project in Eritrea
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By: Rozanne Cloete
Published on 11th July 2008

ASX-listed gold and mineral exploration company Sub-Sahara Resources has received assay results from 14 diamond drill holes, which have extended the known mineralisation from 160 m to 760 m at the company’s cornerstone project, the Koka gold deposit, in Eritrea.

The Koka gold deposit, which falls within the Zara gold project, contains an indicated 83%, or an inferred 17% resource of 1 040 000 oz of gold from 5,13-million tons of ore, grading at 6,31 g/t. This is expected to increase once the latest drill results are incorporated into the company’s resource model.

Two drill holes, ZARD107 and ZARD110, intersect significant gold mineralisation of up to 160 m south of the existing drilling. These results confirm that the existing resource has the potential to be further extended to the south.

Meanwhile, drill holes ZARD099 and ZARD101 appear to close mineralisation to the north, while drill holes ZARD100, ZARD103 and ZARD105 drilled to test the Koka north prospect, which lies 420 m north of Koka, have returned no significant assay results.

The remaining drill holes completed the up- and down-dip coverage of the known gold mineralisation at Koka.

Sub-Sahara MD Michael Griffiths says, while the results are narrower than the previous drill intercepts, the prospect of the Zara gold project being commercial remains very favour- able.

“We now have a known mineralisation of commercial quantities and good grade that extends a further 160 m to the south, and is still open at depth,” he says.

He adds that the company will continue with the dril-ling campaign in an effort to extend the known mineral-isation as far as it can, while early indications are already showing the robustness of the project. Good drill results will only further improve the project economics for min-ing the deposit, he says.

The Zara joint venture comprises four contiguous licences covering an area of 196 km2 and is situated in northern Eritrea, about 160 km north-west of Asmara city. Sub-Sahara has earned a 69% interest in the project.