[dehai-news] (Miningweekly) Sparkling drilling results from Zara gold project in Eritrea


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From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Sat Jul 12 2008 - 14:47:08 EDT


Sparkling drilling results from Zara gold project in Eritrea

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

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