Significant maiden inferred resource for Sub-Sahara

29 May 2007 | 06:04 Code : 13938 Geoscience events
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Australian minerals exploration company, Sub-Sahara Resources has received....
Significant maiden inferred resource for Sub-Sahara

  Australian minerals exploration company, Sub-Sahara Resources has received the results of a maiden resource estimate at its Koka gold deposit, located within the Zara Gold project in Eritrea, East Africa.The resource estimate of the Koka gold deposit is based on drilling data completed by Sub-Sahara up to April 2007, with mineralisation identified over a strike length of 525m. Sub-Sahara has completed further drilling on of the deposit since March 2007. This further drilling remains open along strike and at depth, however is not included in the resource estimate. Snowden Mining Industry Consultants completed the independent Mineral Resource estimate, classifying all resources as Inferred, in accordance with the 2004 edition of the JORC Code. The near-surface Inferred Mineral Resource at Koka is estimated to be 6.1 Mt at 3.2g/t gold at a 1.0g/t gold cut-off grade. Snowden has estimated an additional Inferred Mineral Resource, below 150m of 0.9 Mt at 5.1g/t gold at a 3.0g/t gold cut-off grade.Sub-Sahara’s Chief Executive Officer, Mike Griffiths said the company’s management had been confident about the potential of the Zara gold project and that this first pass Inferred Resource estimate clearly supported their view. “Koka is only one of a number of targets Sub-Sahara has at Zara, and the company is encouraged that these results provide the evidence that this resource has the potential to form the foundation of a robust gold project,” Mr Griffiths said.

tags: AZARBAIJAN SHARGHI QAZVIN


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