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[hainholz]

spektakulär


ASX Companies Announcements
Wednesday 16th November 2005

Zara returns 14 metres @ 7.81g/t gold


ZAD002, the second of 4 diamond drill holes at the Koka prospect (Zara Gold Project) in Eritrea, has returned exceptional multiple interval results, including a 14 metre intersection grading 7.81g/t gold from 173 metres within a broader 33 metre intersection grading 4.17 g/t gold (Table 1).

Hole ZAD002 was drilled approximately 140 metres to the south of ZAD001 to a depth of 207 metres and has intersected a much broader zone of hydrothermal alteration characterised by carbonate/sericite/chlorite alteration, silicification and sulphidisation. The high grade gold mineralisation is quartz vein related with lower grade mineralisation evident in the felsic volcanic/volcanoclastic host rocks.

The mineralisation appears to be striking north-south, with a steep dip to the east and a southerly plunge. This plunge may account for the limited high grade intersection in previously reported hole ZAD001, of 5 metres grading 5.9g/t gold, as the intersection went underneath the main mineralised zone.

Hole ZAD003 located approximately 160m south of ZAD002, has been completed and this hole intersected a similar zone of hydrothermal alteration as was intersected in hole ZAD002. Assay results for ZAD003 are expected by the end of November.

Michael Griffiths, Sub-Sahara CEO said "This is an outstanding result that vindicates our persistent efforts to drill this project over a number of years. Our drilling of the Koka artisanal workings, the first of several identified targets, has confirmed a potentially significant goldfield in Eritrea. We recognise that more than 2 drill holes are needed to define an orebody, but the results to date from Koka are an extremely encouraging start".

Table 1: Significant gold intercepts in ZAD002

Hole
Northing
(UTM)
Easting
(UTM)
Azimuth
(°)
Dip
(°)
From
(m)
To
(m)
Intercept
(m)
Gold
(g/t)

ZAD002
1824405
390,337
275
-60
57
59
2
5.60

.
.
.
.
.
87
88
1
11.06

.
.
.
.
.
107
108
1
7.43

.
.
.
.
.
111
116
5
4.94

.
.
.
.
.
135
141
6
2.40

.
.
.
.
.
156
189
33
4.17

.
.
Including
.
.
173
187
14
7.81



For and on behalf of

Sub-Sahara Resources NL
M.R. Griffiths

CEO - Director
For further information please e-mail Michael Griffiths or contact by phone on 61-8-9227 3260

# Reported in accordance with the Aus. IMM "Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves" and is based on information complied by Mr M.R. Griffiths, a competent person as defined by the Code and a Member of Australasian Institute of Mining & Metallurgy. Mr Griffiths is employed by Sub-Sahara Resources NL and has consented to the information in the form and context in which it appears.

[hainholz]

frisch eingetroffen vom Partner


Sunridge starts mining study, drills working at Asmara


2005-11-15 15:24 ET - News Release

Mr. Michael Hopley reports

SUNRIDGE GOLD ANNOUNCES THE COMMENCEMENT OF A CONCEPTUAL MINE PLAN FOR DEBARWA VMS MAIN ZONE

Sunridge Gold Corp. has commenced a conceptual mining study at the Debarwa VMS Main zone. All four contracted rigs are now operating at the Asmara project, Eritrea.

Conceptual mine plan

Sunridge has selected Beacon Hill Consultants 1988 Ltd. to complete a conceptual mining plan for the high-grade copper and gold Debarwa project, part of the Asmara project, Eritrea. Beacon Hill is a Vancouver-based consulting company with 20 years experience in the industry that has previously conducted similar studies for many companies and has also completed studies for such companies as Barrick Chile Ltda. and Teck Corp. Work has already commenced on the study, which is scheduled to be completed by February, 2006. The conceptual mine study will examine many aspects of the Debarwa project, including the geological model and resources, conceptual engineering and mine plan, metallurgy and mineral-processing options, capital and operating costs, financial analysis as well as environmental baseline data collection. Beacon Hill will also evaluate the possibility of fast-tracking Debarwa into production to benefit from the rise in commodity prices, the exceptionally high grades and the excellent infrastructure at the Asmara project. The Debarwa project has a paved road and power lines that link the project to the capital city of Asmara, 30 kilometres to the north.

The Beacon Hill study will focus on two areas known as Debarwa Main, which has been drilled to 20-metre centres over a strike length of 250 metres, and Debarwa South, on which Sunridge and joint-venture partner, Sub-Sahara Resources NL, completed over 14,000 metres of detailed definition drilling in 2004. Management of Sunridge believes that the size of the Debarwa deposit can be significantly expanded particularly along strike to the north and south and down dip.

25,000-metre drill program

Sunridge has contracted four drill rigs to complete a 25,000-metre drill program over the next several months. Two drill rigs are operating at the Debarwa high-grade copper-gold volcanogenic massive sulphide (VMS) area and two are operating at the Adi Nefas high-grade zinc-copper-gold VMS.

The Debarwa Main zone will be the immediate focus of the conceptual mine plan due to its exceptionally high grades and the current commodity prices. The purpose of this drill program is to test the potential strike extensions of the main zone to the north for 200 metres, to the south for 700 metres and to depth. In addition, several other gravity anomalies in close proximity to Debarwa Main zone will be tested. A minimum of 5,000 metres is budgeted for these areas with the objective of expanding the current zone of mineralization and testing the anomalies for new discovery potential.

Drilling this year at Adi Nefas has outlined a zone of high-grade mineralization over approximately 350 metres of strike length and to 225 metres in depth. Two drill rigs are working at Adi Nefas to test the potential strike extensions for one kilometre to the south, 700 metres to the north and to depth.

As part of this exploration/development program, several other targets will be tested, including the high-priority Emba Derho and Kodado VMS targets, where gossans are exposed over 700 metres in length at surface. Outcropping gossans have been the key indicator for VMS discoveries in Eritrea such as Debarwa, Adi Nefas and Nevsun`s Bisha project.




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[borazon]

Nicht schlecht.
Nur schade, daß es bald einen neuen Krieg zw. Äthiopien und Eritrea geben könnte.
Dann ist die nächsten Jahre nix zu holen mit Bergbau in der Gegend.
Aber vll. kommt ja aus Tansania die eine oder andere Überraschung.

[Aymery]

[posting]18.840.768 von borazon am 16.11.05 15:51:04[/posting]und warum sollte es gerade jetzt krieg geben?

[borazon]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Aymery]

[posting]18.842.403 von borazon am 16.11.05 17:33:20[/posting]kann man das nicht endlich mal abstellen?
warum sind die Menschen so dämlich?
Was bringt es ihnen sich gegenseitig umzubringen!
danke borazon ich bleib trotzdem drin mal schaun was kommt.

[hainholz]

ASX Companies Announcements
Wednesday 07th December2005

Exceptional Results Continue at Zara



ZARD003, the third of 4 diamond drill holes at the Koka prospect (Zara Gold Project) in Eritrea, has returned further, multiple high grade gold intercepts (Table 1) to add to those achieved in ZARD002, with a best intercepts of:

• 4 metres @ 34.7g/t gold
• 5 metres @ 13.95g/t gold
• 8 metres @ 6.62 g/t gold &
• 8 metres @ 11.49 g/t gold

Koka Prospect

Hole ZARD003 was drilled to a depth of 163.9 metres approximately 160 metres to the south of ZARD002 and 300m to the south of ZARD001. The hole intersected a similar zone of hydrothermal alteration characterised by carbonate/sericite/chlorite alteration, silicification and sulphidisation, as that intersected in ZARD002. In addition, anomalous values for copper, lead and zinc are associated with the high grade gold intercepts could indicate a possible volcanogenic massive sulphide (VMS) origin to the mineralisation.

Drilling of hole ZARD004, located approximately 140m south of ZARD003 has commenced with assay results not expected until early in the New Year.

Table 1: Significant gold intercepts in ZARD003


Hole
North
(UTM)
East
(UTM)
Azimuth
(°)
Dip
(°)
From
(m)
To
(m)
Intercept
(m)
Au
(g/t)
Cu
(%)
Pb
(%)
Zn
(%)

ZARD003
1,824,243
390,309
275
-60
75
79
4
34.74
.
0.76
1.04

.
.
.
.
.
89
94
5
9.30
.
0.98
.

.
.
.
.
.
99
104
5
13.95
0.13
0.13
1.53

.
.
.
.
.
109
117
8
6.62
.
.
.

.
.
.
.
.
121
129
8
11.49
.
.
0.17

.
.
.
.
.
131
132
1
30.09
.
.
.


Note: The drill-hole identifier now contains an `R` to help identify the prospect, the `D` identifies the hole as a Diamond drill-hole and the `003` identifies the hole number.

The metres quoted are down-hole metres and the Au/Cu/Pb/Zn grades are uncut.

Konate Prospect

Over the next week, drilling is expected to commence at Konate, situated approximately 4km along strike from Koka (Figure 1). Konate is the second drill target in a series of identified targets with artisanal workings extending over 300 metres and returning rock chip sample results up to 950g/t gold. Results from this drilling are not expected until early 2006.

Results from 3 rock chip samples from a new area midway between Koka and Konate returned one sample of 11.38 g/t gold and geological mapping to better define this area will commence in the New Year.