steveySub-Sahara holds a 44.59pc interest 4.54m oz goldhow much...

stevey


Sub-Sahara holds a 44.59pc interest

4.54m oz gold


how much $ per ounce of gold $831/ounce

only 27% contrib to project costs

hmmm

current mkt cap is 39 million

they have in excess of 1.5 billion in gold

u work it out

Tusker resource estimate of 4.54m oz gold
13:45, Tuesday, 5 September 2006

Sydney - Tuesday - September 5: (RWE Aust Business News) -
Sub-Sahara Resources (ASX:SBS) has completed its resource estimate at
Tusker gold deposit in Tanzania.
The deposit forms part of the Nyanzaga joint venture with Barrick
East Africa.
The estimated resources of 123.27m tonnes at 1.15 grams per tonne
gold for 4.54m ounces consists of 89.56m tonnes at 1.2g/t gold for 3.46m
oz as indicated resources, and 33.71mt at 1g/t gold for 1.08m oz as
inferred resources.
Sub-Sahara holds a 44.59pc interest in the project and will hold
a 27pc contributing interest on completion of a bankable feasibility
study.
Sub-Sahara shares last traded at 10c.