From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Tue Oct 28 2008 - 15:38:44 EST
http://www.marketwire.com/press-release/Sanu-Resources-Ltd-TSX-VENTURE-S
NU-914838.html
Sanu Resources Ltd.
TSX VENTURE: SNU
Drilling at Sanu's Koken Prospect Confirms a New Copper-Zinc-Gold VMS
System in Western Eritrea
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2008) - Sanu
Resources Ltd. ("Sanu" or "the Company") (TSX VENTURE:SNU) is pleased to
announce the results of its recent drill program at the Koken prospect
in Western Eritrea. The Koken prospect is 75kms north of the Bisha
gold-copper-zinc VHMS orebody (Nevsun Resources) and 85kms
north-northeast of Sanu's Hambok zinc-copper massive sulfide deposit.
Eight shallow scout holes were drilled shortly after the initial
discovery, taking advantage of a drill rig in the area before the rainy
season shutdown at the end of June. The initial reconnaissance drill
program successfully confirmed the presence of a new copper-zinc-gold
volcanogenic massive sulfide system with excellent exploration potential
down dip and along strike.
The Koken discovery (June 19, 2008 News Release) resulted from follow-up
of remote sensing anomalies. One set of anomalous pixels outlines the
mineralized, 4.5km long gossan and enclosing altered felsic tuff. The
gossan is on the western limb of a gently north-dipping, 10km wide,
synformal structure.
The drill program, based on surface geology and geochemistry, tested the
outcropping gossan-barite-alunite horizon over a strike length of 3.5km.
Holes intersected gossan as well as disseminated and massive sulfides
with strongly anomalous Cu, Zn, Pb, Au, Ag, and Ba in all holes. The
best intersection (DDH KOK-005) returned 5.1m of 1.69% Zn within 14.0m
grading 0.94% Zn from 33.9m. This hole also returned 2.0m of 1.14gpt Au
from 28m. Drillhole KOK-008 returned 1.23gpt Au over 3.0m. Copper
results ranged from 0.1 to 0.3% in the oxide zone and 0.1 to 0.6% where
present in the sulfide zone. From the drill information it was
established that the Koken massive sulfide horizon dips at approximately
15 degrees to the north and consists of multiple sulfide layers with a
collective thickness of 3 to 15m.
The Koken discovery represents the northern-most recognised occurrence
of VHMS-style mineralization in Western Eritrea to date. The
zinc-copper-gold geochemical signature is similar to that at Bisha and
highlights the possibility of a gold-rich VHMS deposit within the Koken
basin or elsewhere on the volcanic belt. The Koken discovery also shows
the importance of processed Landsat imagery for regional-scale area
selection in NW Eritrea. Sanu crews will be actively prospecting and
sampling similar pixel anomalies on the Koken synform during the coming
months.
Sanu also plans a program of electrical and electromagnetic geophysical
surveying CSAMT as well as detailed gravity to the north and northwest
of the gossan outcrops to identify near surface zones of structurally or
lithologically thickened massive sulfide mineralization. Renewed
drilling at Koken is anticipated for the first quarter of 2009.
Selected assay results from the Koken drillholes are shown in the
accompanying table.
Drill core samples were split on site by diamond saw with half the core
submitted to African Horn Laboratories in Asmara for crushing and
grinding. Core is retained at Sanu's Mogoraib camp. One split of the
prepared sample pulp was airfreighted to Genalysis Laboratories in Perth
Western Australia for analysis, and the remainder retained in Sanu's
warehouse in Asmara. High- and low-grade sulfide and oxide standards
constituting roughly 5% of the sample volume were randomly inserted into
the sample stream before shipment of the pulps to Genalysis. Two
duplicate samples were collected every 20 samples, one sent to Genalysis
Labs and one to ALS-Chemex in Vancouver. All sample data is stored in a
secure database on site in Asmara.
Koken Drillholes Summary Results
(1) cut-off values used in these averages: Zn greater than 0.1%, Cu
greater than 0.1%, Pb greater than 0.1%, Au greater than 0.5gpt, Ag
greater than
10gpt-------------------------------------------------------------------
--------Hole From To Int (m) Zn% Cu% Au ppm Ag ppm
Pb%---------------------------------------------------------------------
------KK-002 19.0 25.0 6.0 0.20
oxide 27.0 28.0 1.0 0.11
oxide 39.8 51.2 12.2 0.51
sulfide inc 42.5 49.1 4.6 0.85 0.21
KK-003 2.0 18.0 16.0 0.22
oxide 22.0 30.0 8.0 0.31
oxide 24.0 42.0 18.0 25
oxide inc 24.0 30.0 6.0 39
34.0 42.0 8.0 0.35 oxide inc
40.0 42.0 2.0
0.74--------------------------------------------------------------------
-------
------------------------------------------------------------------------
---KK-004 0.0 3.0 3.0 0.21
oxide 5.0 11.0 6.0 0.23
oxide 13.0 14.0 1.0 0.24
oxide 15.0 16.0 1.0 0.24
oxide 17.5 18.2 0.7 2.75 0.25 13 0.15
oxide 16.0 18.2 2.2 0.27
oxide 22.0 27.0 5.0 0.16
sulfide 29.0 30.0 1.0 0.10
sulfide 32.0 34.0 2.0 0.37
sulfide 35.0 36.0 1.0 1.12
sulfide-----------------------------------------------------------------
----------
------------------------------------------------------------------------
---KK-005 1.0 3.0 2.0 0.13
oxide 4.0 9.0 5.0 0.14
oxide 4.0 5.0 1.0 0.29
oxide 11.0 12.0 1.0 0.22
oxide 14.0 16.0 2.0 0.12
oxide 20.0 22.0 2.0 0.19
oxide 28.0 33.0 5.0 0.15
oxide 28.0 30.0 2.0 1.14
oxide 33.9 48.0 14.1 0.94
sulfide inc 33.9 39.0 5.1 1.69 33.9 37.0 3.1
0.53 sulfide 33.0 37.0 4.0
0.32 sulfide 33.9 35.9 2.0
0.2 sulfide 33.9 37.0 3.1 24
sulfide 39.0 42.0 3.0 0.41
sulfide 40.0 42.0 2.0 14
sulfide 41.0 42.0 1.0 0.41
sulfide 44.0 45.6 1.6 0.87
sulfide inc 45.0 45.6 0.6 1.71 44.0
45.0 1.0
0.31--------------------------------------------------------------------
-------
------------------------------------------------------------------------
---KK-006 32.0 33.0 1.0 0.65 0.17
sulfide 41.0 42.0 1.0 0.50
sulfide 46.0 48.0 2.0 0.48
sulfide 47.0 48.0 1.0 0.26
sulfide-----------------------------------------------------------------
----------
------------------------------------------------------------------------
---KK-007 0.0 16.0 16.0 0.30
oxide 20.0 24.0 4.0 0.21
oxide 26.0 28.0 2.0 0.18
oxide 27.0 28.0 1.0 0.11
oxide 31.0 32.0 1.0 0.18
oxide 35.0 38.0 3.0 0.14
oxide-------------------------------------------------------------------
--------
------------------------------------------------------------------------
---KK-008 22.0 26.0 4.0 0.18
sulfide 29.0 30.0 1.0 0.12
sulfide 34.0 37.0 3.0 0.12
sulfide 37.0 40.0 3.0 1.23
sulfide 39.0 40.0 1.0 13 0.15
sulfide 40.0 41.0 1.0 0.31
sulfide-----------------------------------------------------------------
----------
------------------------------------------------------------------------
---KK-009 17.0 18.0 1.0 0.10
oxide 20.0 23.0 3.0 0.21
oxide 24.0 25.0 1.0 0.12
oxide 28.0 37.0 9.0 0.22
oxide 38.0 41.0 3.0 0.37
sulfide 39.0 41.0 2.0 0.35
sulfide 39.0 40.0 1.0 0.11
sulfide 45.0 46.0 1.0 0.63
sulfide 50.0 55.0 5.0 0.51
sulfide 53.0 54.0 1.0 0.16
sulfide 54.0 55.0 1.0 0.15
sulfide-----------------------------------------------------------------
----------
Note:1) KOK-001 abandoned due to poor recovery, redrilled as KOK-003
Intervals are core lengths and true widths may be less than reported
here.
On Behalf of the Board,
Wojtek A. Wodzick, President and CEO
To view the maps accompanying this release please click on the following
link: http://media3.marketwire.com/docs/1029snu1.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For more information, please contact
Sanu Resources Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Email: sanu@namdo.com
Website: www.sanuresources.com
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