weekend short term trading lounge: 15-17th mar, page-22

Entry for STT List.

SBR - FA - Long.

Targeting high grade copper in Namibia across a number of quality tenements, especially Kaskara and Guchab.
The Reverse Circulation (‘RC’) drilling at Kaskara commenced in late October. A total of more than thirty holes is planned across the outcropping mineralised zone, with twenty eight holes drilled to date. Samples from the majority of these holes are in the laboratory. The Company is awaiting results for a large number of samples due to a backlog at the laboratory in Namibia. These results are expected to become available in the coming weeks.
Reconnaissance diamond drilling at Guchab has continued to intersect significant copper mineralisation in a number of locations across the prospect area, including Pad 4 in the High Valley’. The new contractor’s rig has been moved into position on Pad 5 which is immediately south of Pad 1, with holes designed to test the extent of the mineralisation encountered on Pad 1. This rig has already completed its first hole and is well advanced on its second. Results from this drilling should be released soon.
$8Million cash at bank and a $40 million Market Cap.