More high grade intercepts from Sub Sahara’s Zara Gold Project in Eritrea
Results of five diamond drill holes (ZARD120 – ZARD124) totalling 1,117.20 metres at Sub Sahara Resources’ (AXS:SBS) Koka Prospect (Zara Property), in Eritrea, have returned significant high grade gold intercepts. Drilling
These results are part of a planned seven diamond drill hole set, designed to assist in the interpretation of the structural controls on mineralisation within the known orebody. All seven drill holes were collared in the “hanging wall” and drilled to the north-west.
All previous drilling was drilled east to west or west to east, perpendicular to the strike of mineralisation. The results from two diamond drill holes in this programme remain outstanding and on receipt of these results, the potential impact to our structural understanding will be determined.
2 Sub Sahara Managing Director Michael Griffiths said, “These results have further demonstrated the overall continuity of the Koka orebody and once we have the final two drill holes results we will add this to our overall understanding.
“The company expect to add these results to our geological interpretation and they will be integral in the Pre-Feasibility/ Scoping Study that is expected to be completed by the end of December 2008.”
The current resource estimate of 1.04Moz @ 6.31g/t, released on the ASX earlier this year, is based on a 40 metre x 20 metre drill out of 570 metres of strike. Subsequent drilling has extended the strike to 640 metres and the zone continues to remain open both along strike and at depth.
SBS Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
