Zinc was up strongly again on friday reaching a 16 month high on...

Zinc was up strongly again on friday reaching a 16 month high on supply concerns. Copper was also up strongly but I want to focus on Zinc and Lead as most of the talk has been focused on Guchab and our copper prospects.

In light of the recent rise in the Zinc and Lead prices what is the company doing about Border? We have an inferred JORC as announced below.

ASX ANNOUNCEMENT & MEDIA RELEASE 24 January 2012
BORDER RESOURCE EXCEEDS 16 MILLION TONNES
 A maiden high-tonnage, moderate-grade JORC compliant inferred mineral resource has been calculated for the Border Deposit of:
16.2 Mt @ 2.12 % Pb+Zn and 4.76 g/t Ag (1.25 % Pb+Zn cut-off).
► Over 31 Mt at a 0.5 % Pb+Zn cut-off.
 Over 343,000 t of contained lead and zinc metal (1.25 % cut-off).
 Mineralisation is easily upgraded and treated, and responds exceedingly well to beneficiation by dense media separation.
 Initial high-level scoping study shows the deposit can be economically viable.
 Low-cost open pit mining.
 Border and the Pavian Trend, together with Driehoek, potentially constitute a number of large tonnage, moderate grade resources which can be easily mined and treated through a centrally located processing plant.

Even the preliminary Met work has been done on Border;

Metallurgical testwork
Sabre has completed detailed metallurgical test work on the Border deposit. The test work was undertaken based on the possibility that the mineralisation might respond well to upgrading by dense media separation (DMS), thereby greatly reducing mineral processing costs. The test work was a great success.
The beneficiation tests show exceptional upgrading of the ore, producing in excess of 80 times the original lead content, and around 37 times the original zinc content when DMS is followed by grinding and flotation. Final concentrate grades are around 65 % lead and 61.5 % zinc (from an ore grading 0.77 % Pb and 1.66 % Zn), with final recoveries of 86.9 % and 81.7 % respectively.

Border only represents one of many prospects along the Pavian trend which are highly prospective for Zinc and Lead. Hoba Ost and Drihoek are also other interesting prospects to the south of the Pavian trend.

ASX ANNOUNCEMENT & MEDIA RELEASE 25 January 2012
   
HIGH GRADE OUTCROPPING BASE METALS DISCOVERY AT SOUTH RIDGE
ON THE PAVIAN TREND
14 m @ 10.96% Pb + Zn (9.80% Pb, 1.16% Zn) from channel sampling. Mineralisation over 50m thick, continuing for over 1.5km of strike. Located just 5.7km along strike to the east of the Border deposit. Potential to be a substantial base metals deposit.

VERY ENCOURAGING RESULTS FROM DRIEHOEK
 Diamond drilling completed at Driehoek East.
► Results to be incorporated into a JORC resource.
 Channel sampling completed at Driehoek North. Results include:
► 65 m @ 5.46 % Pb+Zn, including 19 m @ 8.97 % Pb+Zn (DKCS0008)
► 201 m @ 2.71 % Pb+Zn, including 5 m @ 17.95 % Pb+Zn (DKCS0007)
 Diamond drilling now in progress at Driehoek North.
 Channel sampling now in progress at Driehoek South.

So the big question is what is the company doing with this area???? A lot of work has been done and now it is just sitting there. Sabre cant just sit on this tenement and do nothing without running the risk of losing the tenement through in action. Sabre is well over due for doing further work in these areas and it would seem like an ideal time to progress this region. Sabre doesn't have the resources to build a processing plant and it would seem lacks the drive to further explore these areas. A JV for these prospects would be a suitable path forward. A JV would at least establish some value for Sabre/SH’s and see further exploration in this region while Sabre can maintain focus on Guchab and surrounding prospects. Any JV should include the construction of a processing facility.

So management, the BOD and the real power broker at Sabre what are you doing about this area? Time for action! Time to realise value for SH’s in this region in a time of increasing Zinc and Lead prices!

SH’s should look over some of these announcements from 2011 and 2012 as they are quite encouraging for potential value yet to be realised.