Eritrea Resource play (ERP)

[Tackler]

Shows what you know, the market is never wrong. <g>

[Ed Monton]

I thought that release was negative.

[Tackler]

Or just yesterdays release.

[Ed Monton]

NSU 5-day. Looks like somebody knows good news is coming:

[Ed Monton]

Nevsun Resources Ltd.: Update on the Affairs in Eritrea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 21, 2004) -
Nevsun Resources Ltd., (NSU/TSX) would like to announce that Mr.
John Clarke, President and Chief Executive Officer of Nevsun
Resources Ltd., was in Asmara, Eritrea from September 8th to
September 16th in an effort to get a better understanding of the
directive by the Government of Eritrea to halt all exploration
work. In Asmara he met with the Minister of Mines and Energy and
senior officials in the Department of Mines. The Government has
not provided any clarification of their directive. Nevsun will
continue to comply with the Government directive.

Management has no comment on rumours and speculation circulating
in the marketplace as any comment would be conjecture. We fully
recognize the value of shareholder concerns and will provide
further factual information as it becomes available.

On Eritrea related matters, work outside of the country is
continuing on the completion of the independent resource estimate
for the Bisha Project by the end of September. The Company is
planning for the advancement of this project to commercial
production.

A third diamond drill rig is currently in transit to Eritrea.
Once an announcement is received from the Government granting
permission to recommence exploration activities, the first
priority of the planned drill program will be geotechnical
drilling and sampling for metallurgical testing in connection
with a feasibility study for the Bisha Main Project. Exploration
work at Bisha and Nevsun's other properties in Eritrea will also
continue.

Forward Looking Statements: The above contains forward looking
statements that are subject to a number of known and unknown
risks, uncertainties and other factors that may cause actual
results to differ materially from those anticipated in our
forward looking statements. Factors that could case such
differences include: changes in world gold markets, equity
markets, costs and supply of materials relevant to the mining
industry, change in government and changes to regulations
affecting the mining industry. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Nevsun Resources Ltd.
Don Halliday
Manager, Investor Relations
[phone] or Toll Free 1-888-600-2200
Email: [e-mail]
Website: www.nevsun.com

[Tackler]

Religious persecution in Eritrea
By Jonah Fisher
Former BBC correspondent in Asmara


If you are Catholic, Muslim, or a member of the Orthodox and Evangelical churches in Eritrea then it seems you can breathe easy.

However, those who believe and practise minority faiths are routinely persecuted, according to human rights groups.

Two years ago the Eritrean government introduced a registration system for religions which forced groups to submit information about themselves in order to be allowed to worship.

Apart from the four mentioned, other faiths have not been recognised.

And human rights groups have regularly complained that people practising minority religions have faced harassment.

I went to visit a small part of a Christian Pentecostal Church that has been banned from meeting for the past two years.

When I arrived in a small dark room of a private house, 12 men and women face away from each other, looking to the corners of the room.
Lit by just a small lamp, some of them are singing, some praying, occasionally one breaks into prayer and collapses to the floor.

The congregation has divided into small groups. There are 10 other gatherings just like this, taking place across Asmara tonight.

These people are very trusting of each other - just by being here and praying together.

There have been numerous occasions reported around Eritrea of neighbours and friends of worshipers informing the authorities.

A few days later I arranged to meet a man, who I will call Samuel.

Samuel was attending a religious service, just like the one I was at, when soldiers arrived.
"I was praying with six people at a house one evening and the soldiers came into the house, watched us for one minute and said these meetings are forbidden," he told me.

"We were beaten with sticks and then taken to a police station."

Samuel told me that he and the other Pentecostals had spent the next three months being moved between different locations where they were regularly beaten.

"We were put into a metal shipping container with nine Jehovah's Witnesses; one of them was in his 90s. During the day it very hot and at night very cold".

Eventually Samuel said he was released after signing a document in which he promised to return to Orthodox Christianity.

His case, it seems, is not an isolated one. I spoke to one American journalist while she was in Eritrea, undercover, researching religious persecution.

She asked that I not mention her name, so that she can return to the country.
She told me she repeatedly heard from individuals telling her police had taken them off and beaten them after interrupting them praying at home with friends.

They were then told they were an enemy of the people and forced to either sign a paper or kept in jail if they wouldn't sign and left in containers.

"All of these things are just happening repeatedly over and over from people of all different Christian denominations and the Jehovah's Witnesses. So it is very pervasive of any group that are not part of the four major religions," she said.

The evidence she has seen herself is undeniable, she says. "I've seen the scars on people's legs, I've seen their tears and it's very real and they live under a lot of fear."

I was asked to leave Eritrea before I could get a government response to my research and experiences, but a statement from the foreign ministry rejected accusations of religious persecutions from the United States.

The government seems to have decided that anyone who does not follow a certain standard is an enemy of the people, is an enemy of the state.

It is afraid that people who consider their highest allegiance to be God, at some point may not be patriotic and follow the state's instructions.

At a time of growing tension, both with Ethiopia and Sudan, it seems the Eritrean government is determined that nothing, not even religion, should fall outside their control

[Tackler]

Out MDN .42-.43

[Ed Monton]

Sounds like Eritrea wants a better deal:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20512502

[Tackler]

OK you win your the frog...

[Ed Monton]

There is 'risk' and there is 'perception of risk'

Two different things. I agree with you though that the perception of risk is much higher now, similar to when NSU lost a geologist a while back. Eventually the market will forget, it always does but the risk will still be there.

Now I wish I had put that bid in at $1.99, it would have been a good trade after all.

[Tackler]

Sunridge is holding up pretty good considering it was $1.20 in May.

[Tackler]

Some measure of risk was always there. Now there is more measure of risk, it is a perception. Eritrea will be viewed differently for a long time from this. So the perception has changed the risk has increased.

[Ed Monton]

The risk of Eritrea has just increased

The risk was always there.

[Tackler]

50/50 chance it goes back to $4.00 real fast though. What makes it a 50/50 chance? Thought you had some theory for making that statement.

But if all you meant was it's a gamble. I agree, it's a gamble, a big gamble. The risk of Eritrea has just increased, that will not change even if the situation is resolved quickly. That said it will not go back to $4, but to some other price lower. And yes it will also take another turn down as speculators or hanger ons do not realize any bounce from better news.

Too bad for Eritrea, the country could use a mine, if it was done right.

[Ed Monton]

If the situation is resolved quickly it goes back to $4.00. Of course there could be more bad news too. If they lose their rights to the Eritrean properties they will likely take another turn down. All my opinion of course. My point is that its gambling at this point.

Thats why I decided not to buy today. Bought some OZN instead.

[Tackler]

How so?

[Ed Monton]

Thought about buying NSU today just before it slipped under $2.00. Changed my mind. 50/50 chance it goes back to $4.00 real fast though.

[Ed Monton]

Nevsun Resources Ltd., Sanu Resources Ltd. and Sunridge
Gold Corp.: Update to Directive by the Government of
Eritrea to Halt Exploration Work

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2004) - On
Friday the 3rd of September, Sanu Resources Ltd. ("SNU-TSXV"),
Nevsun Resources Ltd (NSU-TSX), and Sunridge Gold Corp.
(SGC-TSXV) announced that the Government of Eritrea had directed
that they halt all mineral prospecting and exploration work and
related activities in Eritrea until further notice.

Sanu, Nevsun, and Sunridge, with its joint venture partner
Sub-Sahara Resources NL., have complied with this directive.

Since Friday, September 3, 2004, the country managers of the
above companies have collectively sought clarification of the
reasons behind this action from the Government of Eritrea and the
Ministry of Energy and Mines. In addition, over the weekend two
directors of Sanu, Michael Winn and Demetrius Pohl arrived in
Asmara to assist the country managers.

The companies have been in contact with the Department of Mines
and have held meetings with the Minister of Energy and Mines. The
companies hope that they will have further clarification with
respect to this directive within the next few days. The
respective country managers and representatives are doing
everything they can in Eritrea with all levels of Government to
obtain an understanding of the issues at hand.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer

SANU RESOURCES LTD.

Michael D. Winn, President & Chief Executive Officer

SUNRIDGE GOLD CORP.

Michael Hopley, President & Chief Executive Officer

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:
Nevsun Resources Ltd.
Don Halliday
Manager, Investor Relations
[phone] or 1-888-600-2200
Email: [e-mail]
Website: www.nevsun.com
or
Sanu Resources Ltd.
Michael D. Winn
President & Chief Executive Officer
[phone]
or
Sunridge Gold Corp.
Michael Hopley
President & Chief Executive Officer
[phone]
Neither the TSX nor the TSX Venture Exchange have reviewed and
they do not accept responsibility for the adequacy or accuracy of
this release.

[Tackler]

Guess not...

Northern Mining subsidiary halts Eritrea exploration

2004-09-07 05:09 ET - News Release

Mr. Carlos Bertoni reports

NORTHERN MINING EXPLORATIONS LTD.: EXPLORATION IN ERITREA

Northern Mining Explorations Ltd.'s 75-per-cent-owned subsidiary, Eritrean Minerals Corp., has received a letter dated Sept. 2, 2004, from the Ministry of Energy and Mines of Eritrea, with instructions to halt all mineral prospecting and exploration work and related activities in the country until further notice. The letter does not give any reason for the instruction. EMC is seeking clarification and will provide more information as it becomes available. EMC is the titleholder of four exploration licences in Eritrea and has launched exploration programs in two of these licences, Harab Suit and Matite.

[Tackler]

Maybe the war will be on again? Maybe a flock of artisinal miners will move in to start a cottage copper pot and gold jewelry industry?

OK, likely this is a pressure tactic on foriegn governments to push for the treaty to be honoured by Ethiopia. Iraq and Sudan have been getting all the attention who cares about Eritrea and Ethiopia? This should get someone's attention. Create some pressure and a few days, weeks or months from now invite the companies to get busy again and say it was just a bureaucratic error. Gee, I wonder if any American's have invested in Nevsun?

[Tackler]

ASX Companies Announcements - Sub-Sahara Resources

Monday, 23rd August 2004
Debarwa Continues to Produce Outstanding Results

DEBR-D-027 intersected 11 metres grading 9.09% copper and 3.70 g/t gold
DEBR-D-036 intersected 40 metres grading 6.92 % copper and 1.73 g/t gold (including 16 metres grading 16.88% copper and 2.09 g/t gold)
DEBR-D-039 intersected 15.79 metres grading 13.24% copper and 1.75 g/t gold
DEBR-D-040 intersected 16 metres grading 5.98% copper and 1.55 g/t gold (including 10.36 metres grading 8.49% copper and 2.29 g/t gold)
DEBR-D-043 intersected 4.18 metres grading 20.37% copper and 2.21 g/t gold
DEBR-D-044 intersected 30 metres grading 9.12% copper and 1.99 g/t gold (including 15 metres grading 16.01% copper and 3.36 g/t gold)
DEBR-D-050 intersected 16.74 metres grading 8.02% copper and 1.61 g/t gold (including 10.88 metres grading 11.36% copper and 2.27 g/t gold)

Sub-Sahara and joint venture partner Sunridge Gold Corp. are pleased to report assay results from an additional 28 diamond and reverse-circulation drill holes from the Debarwa high-grade copper and gold deposit in Eritrea. The Debarwa deposit is part of the Asmara Project which covers 1,300 square kilometres immediately north, south and west of the capital city of Asmara in east-central Eritrea. Several significant zones of mineralization exist on the concessions, namely the Debarwa copper/gold deposit, the Adi Nefas Doop (Gupo) gold deposit, the Adi Nefas zinc/copper/gold deposit and the historic Medrizien Colonial gold mining areas (Figure 1).
DEBARWA

These latest results (Table 1 below) are from the Debarwa Main zone and the Debarwa South zone which is located approximately 750 meters south of Debarwa Main. These latest results are considered to be very encouraging by management as they continue to show high copper values over significant widths of supergene mineralization as demonstrated in drill holes DEBR-D-036, DEBR-D-039, DEBR-D-044 and DEBR-D-050. These intervals have the potential to increase the size of the supergene zone in some areas of the deposit. Mineralization in both zones is open to the north, to the south and at depth. Ground geophysical surveys including gravity and electromagnetic methods are currently being used to generate further drill targets within close proximity to known mineralisation.

A map showing the location of these new drilling results is attached and the results announced today are part of an ongoing drilling program at Debarwa designed to provide detailed information for preliminary resource definition. To date one hundred and forty drill holes have been drilled at Debarwa for a total of 15,313 metres of drilling. This phase of drilling is now completed and further assay results will be published over the coming weeks.

ADI NEFAS

Drilling has also recently started at both the Gupo gold deposit (formerly known as the Adi Nefas Doop gold deposit) and the Adi Nefas zinc/copper/gold gossan zone. The Gupo gold deposit is a structurally controlled zone of gold mineralization that was mined from a series of shallow open-pits extending over a strike length of greater than 2 kilometres by Italian miners during Eritrea’s colonial period. The deposit was extensively drilled in 1996 and 1997 by La Source Development (Normandy Group). The current program of 6 reverse-circulation and diamond drill holes is designed to check the validity of the La Source drilling data. A more extensive drilling campaign will start on the Gupo deposit on the receipt of these results.

An initial program of 6 diamond drill holes has also started on the Adi Nefas zinc/copper/gold gossan zone. This is a typical zinc and copper rich volcanogenic massive sulphide (VMS) deposit with significant gold and silver credits reported from limited drilling by previous operators. This first phase of drilling will be targeting the down dip/plunge of the high-grade mineralization that has previously been identified by the Ethiopian government and Ethio-Nippon Mining during the 1970s. Drilling will also test coincident geochemical and geophysical anomalies along strike to the north.

The Asmara Project is a joint venture between Sunridge and Sub-Sahara. Sunridge is a well-funded Canadian public company focused on the exploration and development of the Asmara Project base metal and gold project in Eritrea and is currently earning a 40% interest by spending US$ 2.4 million on the project. Sunridge has the right to earn a 70% interest in the project by completing a bankable feasibility study and on delivery of the study, Sub-Sahara can elect to contribute pro-rata (24%) to the project development.

For and on behalf of
Sub-Sahara Resources NL

M.R. Griffiths
CEO - Director

[Tackler]

Minister Arefaine delivers President's message to Prime Minister of Australia
By Staff
Sep 3, 2004, 16:49

The Minster of Agriculture, Mr. Arefaine Berhe, delivered a message from President Isaias Afwerki to the Prime Minister of Australia, John Howard. He delivered the message through his Australian counterpart, Mr. Warren Truss.

In the meeting, Mr. Arefaine explained that a year had elapsed since the announcement of the Boundary Commission's final and binding ruling, and that 65,000 internally war displaced Eritrean citizens are still in IDP camps as a result of the TPLF regime's non-compliance with the verdict. He went on to say that as a result the conflict is assuming ever more dangerous dimension.

Minister Arefaine further underlined that the so-called "dialogue and diplomatic efforts" being pursued by the Ethiopian regime is not only illegal but will also not bear any fruitful out come. He also called on the Australian government to press for the implementation of the EEBC ruling.

Mr. Arefaine also held talks with the Chairman of the Australian Parliament, Mr. Neil Andrew, and the President of the Senate Mr. Pal Kalvert, on the same issue. Moreover, he held discussions with his Australian counterpart and other officials from the Ministry of Agriculture on possible areas of technical cooperation between the two countries.

[Tackler]

Rumour is they are handing all the properties over to MDN <g>

[Ed Monton]

So much for ERP. #msg-3961145

[Ed Monton]

Into the vortex. Good luck.

[Tackler]

Averaged down on MDN today.

[Ed Monton]

Nice bounce on SNU this week.

[Ed Monton]

Northern Mining Progress on Work Programs in Eritrea

MONTREAL, QUEBEC--(CCNMatthews - Aug. 3, 2004) - NORTHERN MINING
Explorations Ltd. (Explorations MINIERES DU NORD - "MDN") is
pleased to announce that its 75% owned subsidiary, Eritrean
Minerals Corporation ("EMC") has completed work programs at its
Harab Suit and Matite Exploration Licence areas in Eritrea, East
Africa.

Harab Suit Exploration Licence

A surface sampling program was completed in July at the Harab
Suit Exploration Licence in the northwest of Eritrea. This
licence area covers 420 km2 and includes the abandoned Tamanti
gold mine, which operated in the late 1930's during the Italian
colonial era. A total of 1,002 channel samples covering a linear
extent of about 2 km were taken from exposures of shear zones in
the licence area. These shear zones are intermittently exposed
over a distance of approximately 14 km and frequently form small
hills protruding from the alluvial plain of the Barka River, so
that channel sampling provides an effective sampling method. The
samples are being assayed at Genalysis Laboratory Services PTY
Limited in Australia and results are awaited.

This sampling will determine the surficial gold distribution
along the shears sampled and provide drilling targets.

Matite Exploration Licence

The Matite Exploration Licence covers an area of 520 km2 and is
located about 20 km northwest of the town of Nakfa in the north
of Eritrea. The underlying rocks in the licence area consist
predominantly of a sequence of felsic volcanic rocks that have
been affected by intrusions ranging from intermediate to
ultrabasic in composition. The felsic volcanics appear to be
predominantly pyroclastic in nature and show intensive
silicification and sulphidation alteration.

The objective of this current program on Matite is to investigate
an occurrence of a mineralised breccia exposed in a stream bed,
and to take samples from artisan pits in the vicinity. Previous
grab sample results from this mineralised breccia, following its
discovered by EMC in 1996, produced sufficiently high gold and
base metal grades to indicate that a more systematic surface
sampling program was justified.

Artisan gold miners have since removed material from the breccia
outcrop over an area of approximately twenty square metres,
exposing an apparent depth of mineralisation of about three
metres, which has enabled further surface sampling to be
undertaken. A series of channels has now been cut in the outcrop,
totalling approximately twenty five metres. EMC has also sampled
other artisanal workings in the area. The samples are being
assayed at Genalysis Laboratory Services PTY Limited in Australia
and results are awaited.

This sampling will determine the lateral extent of the occurrence
the distribution of gold and base metals in the breccia. The
results will determine the nature of a drilling program.

The sampling program is being directly supervised under Dr. Tim
Williams, geologist and a Qualified Person for the purposes of NI
43-101.

MDN is a Montreal-based Canadian exploration company which holds
a 30% interest in the Tulawaka gold project is currently under
construction, a majority interest in 17 adjacent licences in
Tanzania, a majority interest in four properties in Eritrea, and
other gold and base metal exploration interests in Quebec,
Canada.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
NORTHERN MINING Explorations Ltd.
Carlos H. Bertoni, M. Sc.
CEO
or
NORTHERN MINING Explorations Ltd.
Tim Williams, Ph.D.
COO
or
NORTHERN MINING Explorations Ltd.
Paul-A. Girard
Vice-President, Investor Relations
[phone]
Web: www.mdn.qc.com
Email: [e-mail]

[Tackler]

Northern Mining close to operation in Tanzania

Northern Mining Explorations Ltd (TSX:MDN)
Shares Issued 52,754,569
Last Close 7/13/2004 $0.44
Wednesday July 14 2004 - News Release

Mr. Carlos Bertoni reports

NORTHERN MINING: CONSTRUCTION ADVANCES AT TULAWAKA MINE

Northern Mining Explorations Ltd. is making progress in the development of the Tulawaka gold mine in Tanzania. Tulawaka is a joint venture between Northern Mining (30 per cent ) and Pangea Goldfields (70 per cent), a wholly owned subsidiary of the project operator, Barrick Gold Corp.

The Tulawaka mine consists initially of an open-pit operation and gold-recovery plant designed to process 1,000 tonnes of ore per day. The ore processing system includes run-of-mine stockpiling, primary crushing, single-stage-semi-autogenous grinding and gravity recovery followed by carbon-in-leach gold extraction. This ore recovery process is based on proven technology, and is designed to be reliable and deliver better than 95-per-cent gold recovery. The plant design and overall project management contract is being managed by Ausenco, an Australian engineering company.

At the end of June, six months after the start of work, construction was proceeding on schedule and within budget. Site access roads are being completed, the open pit is 70-per-cent cleared and grubbed, the water storage facility is completed, the earthworks for the process plant and tailings pond are in progress, and the installation of camp facilities for the construction workers is complete. Long lead-time items for the plant have been ordered. Key mine positions are now filled. Project costs incurred to date represent $15.6-million (U.S.).

Mine development is scheduled to be completed by the end of 2004 with commercial production expected in the first quarter of 2005.

[Ed Monton]

Bid $1.00 and ask $1.50 now. Somebody must want out.


EDIT: Looking at SEDAR there was a financing of 4.5 million units at .45 per unit, including warrants priced at .65 and .75. The closing date of the warrants is subject to change based on the stock holding a value of $1.25.

I'm guessing the holders of this last financing will want the stock to stay above $1.25.

[Ed Monton]

How low will SNU go?

[Tackler]

Would have made a nice buy at 1.20
I wonder if MDN will do the same.

[Ed Monton]

SANU holdings in Eritrea:

[Ed Monton]

High Grade Copper, Gold And Silver Results From Debarwa Project

--------------------------------------------------------------------------------

NR 2004-08

Sunridge Gold Corp. ("Sunridge") and their joint-venture partner and operator Sub-Sahara Resources NL ("Sub-Sahara") are pleased to announce results from 19 new reverse-circulation and diamond drill holes from the Debarwa high-grade copper and gold deposit, part of the Asmara Project in Eritrea. Many of these holes confirm the presence of the high-grade copper supergene zone at the Debarwa Main zone and show appreciably higher gold and silver values than has been seen in previous drilling. In addition, drilling progress on the project has been substantially increased by the addition of new equipment, more drill personnel and the arrival of a fourth drill rig.

HIGHLIGHTS:

Supergene Zone:
Higher grade gold than seen in previous drilling

DEBR-D-021 intersected 20.10 meters grading 15.30% copper, 9.69 g/t gold and 123.86 g/t silver including an interval of 1.80 meters grading 71.33 g/t gold

DEBR-D-022 intersected 20.00 meters grading 12.83% copper, 4.55 g/t gold and 68.83 g/t silver

DEBR-D-023 intersected 10.00 meters grading 25.0 g/t gold, 372.01 g/t silver as well as 17.00 meters grading 12.33% copper, 1.85 g/t gold and 58.55 g/t silver
Primary Zone:
DEBD-014 over 18.0 meters grading 3.96% copper, 1.37 g/t gold, 35.14 g/t silver and 5.48% zinc

 
  
 --------------------------------------------------------------------- 
          From     To Length     Au     Ag     Cu     Zn 
 Hole #     (m)    (m)    (m)   g/t    g/t      %      %   Dip    Zone 
 --------------------------------------------------------------------- 
 SUPERGENE 
  ZONE 
 --------------------------------------------------------------------- 
 DEBR- 
  D-005  51.00  57.00   6.00   0.92  32.43   4.14          -60 Debarwa 
                                                           deg-   Main 
                                                          rees  
 --------------------------------------------------------------------- 
 DEBR- 
  D-011  26.00  31.00   5.00   1.11   4.28                 -90 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     53.00  55.00   2.00  25.30   1.70 
 And     55.00  60.60   5.60 Cavity Cavity Cavity Cavity 
 --------------------------------------------------------------------- 
 And     60.60  62.70   2.10   3.17  95.67  12.53 
 --------------------------------------------------------------------- 
 DEBR- 
  012    38.00  44.00   6.00   4.91  82.37                 -70 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     48.00  50.00   2.00   6.27 183.65 
 --------------------------------------------------------------------- 
 DEBR- 
  D-015  46.00  49.00   3.00          6.37   1.11  0.52    -90 Debarwa 
                                                           deg-  South 
                                                          rees 
 --------------------------------------------------------------------- 
 DEBR- 
  017    32.00  38.00   6.00   1.48  15.30                 -90 Debarwa 
                                                           deg-  South 
                                                          rees 
 --------------------------------------------------------------------- 
 DEBR- 
  019    36.00  41.00   5.00   1.07   9.76                 -60 Debarwa 
                                                           deg-  South 
                                                          rees 
 And     60.00  74.00  14.00          3.59   1.47 
 --------------------------------------------------------------------- 
 DEBR- 
  D-021  26.00  28.00   2.00   3.43  62.90                 -60 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     39.00  59.10  20.10   9.69 123.86  15.30 
 Includ- 
  ing    48.00  55.30   7.30   1.23  87.95  22.46 
 And 
  includ- 
  ing    57.30  59.10   1.80  71.33 457.00   2.01 
 --------------------------------------------------------------------- 
 DEBR- 
  D-022  12.00  14.00   2.00   3.97                        -90 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     34.00  40.00   6.00   5.19 185.13   1.56 
 And     40.00  60.00  20.00   4.55  68.83  12.83 
 And    116.00 119.00   3.00          3.77         2.01 
 --------------------------------------------------------------------- 
 DEBR- 
  D-023  30.00  40.00  10.00  25.00 372.01                 -90 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     40.00  57.00  17.00   1.85  58.55  12.33 
 Includ- 
  ing    41.00  51.00  10.00   2.77  75.50  17.62 
 --------------------------------------------------------------------- 
  
  
 --------------------------------------------------------------------- 
           From    To Length     Au     Ag     Cu     Zn 
 Hole #     (m)    (m)    (m)   g/t    g/t      %      %   Dip    Zone 
 --------------------------------------------------------------------- 
 PRIMARY 
  ZONE 
 --------------------------------------------------------------------- 
 DEBR- 
  D-007 169.00 170.00   1.00         13.10   2.15   1.04   -60 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And    179.20 181.00   1.80   2.80  35.46   2.60   5.87 
 --------------------------------------------------------------------- 
 DEBR- 
  009    69.00  73.00   4.00         10.00   1.07          -60 Debarwa 
                                                           deg-   Main 
                                                          rees 
 --------------------------------------------------------------------- 
 DEBR- 
  010    55.00  59.00   4.00          3.95          1.14   -90 Debarwa 
                                                           deg-   Main 
                                                          rees 
 And     79.00  81.00   2.00          5.70          2.83 
 And    116.00 119.00   3.00   0.40   5.20          1.42 
 --------------------------------------------------------------------- 
 DEBD- 
  012   168.00 173.00   5.00                        1.28   -60 Debarwa 
                                                           deg-   Main 
                                                          rees 
 --------------------------------------------------------------------- 
 DEBD- 
  014   104.00 122.00  18.00   1.37  35.14   3.96   5.48   -60 Debarwa 
                                                           deg-   Main 
                                                          rees 
 --------------------------------------------------------------------- 
 DEBR- 
  D-014  40.00  48.00   8.00   2.85  12.65                 -60 Debarwa 
                                                           deg-  South 
                                                          rees 
 And     49.00  64.00  15.00   0.77   7.44   2.14 
 --------------------------------------------------------------------- 
 DEBD- 
  015    69.00  72.00   3.00   1.21  32.20   2.31          -60 Debarwa 
                                                           deg-  South 
                                                          rees 
 --------------------------------------------------------------------- 
  
 

...........


Note: The lengths in the above tables represent down hole intervals. Holes designations ending in "R" are reverse-circulation holes, those ending in "D" are diamond drill holes and those ending in R-D are those started with reverse-circulation and completed with diamond drilling. Results from drill holes DEBR-006, and DEBD-010 were issued in NR 2004-03 on March 16, 2004 and results from DEBR-D-008, DEBR-013, DEBR-016, were issued in NR 2004-05 on April 30, 2004. There were no significant values in DEBD-011 DEBR-D-018 and DEBR-D-020. Results from DEBD-013 are pending. All values are uncut.

The copper, gold and silver grades seen in these drilling results support management's belief that the overall average grade of the Debarwa deposit could be significantly higher than previously estimated by the Phelps Dodge company in 1999. However, more drilling will be required to substantiate this concept. In 1999, Phelps Dodge estimated a resource summary estimate for Debarwa with total resource (supergene and primary) of 1,654,420 tonnes at an average grade of 5.10% copper and 1.40 grams per tonne gold using cut-off grades of 1.0 g/t gold, 0.5% copper equivalent and 2.5% copper equivalent for the leached (gossan), supergene and primary zones respectively. The Company's Sedar Filed Independent Consulting Geologist's Technical Report concludes that the historic resource estimates cannot be treated as CIM compliant resources due to the lack of original documentation, the fact that the majority of the drilling predates contemporary best practice guidelines and National Instrument 43-101 and the low density of drilling in some areas of the deposit. Therefore, investors should not rely on this information. However, the Report also points out that there is a certain degree of internal consistency in the previous resource estimates and that the authors believe that further drilling at Debarwa will likely substantiate historic estimates. The Report also goes on to discuss the potential of increasing resources to both the north and south of the historic resource area.

These results are part of the ongoing infill and exploration drill program at the Debarwa Project designed to provide detailed data for an independent resource estimate. Drilling will test a number of other high priority targets at Debarwa and at several other drill ready targets outside of Debarwa, and part of the joint venture's Asmara Project.

The Asmara Project comprises four exploration licenses covering 1,300 square kilometres immediately north, south and west of the capital city of Asmara in east-central Eritrea. Several significant zones of mineralization exist on the concessions, namely the Debarwa copper/gold deposit, the Adi Nefas Doop gold deposit, the Adi Nefas zinc & gold deposit and the Medrizien Colonial gold mining areas.

The Asmara Project is a joint venture between Sunridge Gold Corp. and Sub-Sahara Resources. Sunridge is a well-funded Canadian public company focused on the exploration and development of the Asmara Project base metals and gold properties in Eritrea and is currently earning a 40% interest by spending US$ 2.4 million on the project. Sunridge has the right to earn up to a 90% interest in the project by financing the project through to production.

Sub-Sahara has implemented a Quality Assurance/Quality Control program as part of the drilling program at Debarwa. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling. Michael Griffiths Aus IMM, the Chief Executive Officer of Sub-Sahara is the Qualified Person for the Asmara Project.

Michael Hopley, President and
Chief Executive Officer, Sunridge Gold Corp.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

[Tackler]

Northern Mining starts exploration at Harab Suit

Northern Mining Explorations Ltd MDN
Shares issued 52,754,569 Jun 11 close $0.43
Mon 14 Jun 2004 News Release
Mr. Carlos Bertoni reports
NORTHERN MINING UNDERTAKES ITS EXPLORATION PROGRAM IN ERITREA
Northern Mining Explorations Ltd. has commenced an exploration program at
the Harab Suit project in Eritrea, East Africa. This program follows the
completion of a due diligence of the portfolio held in that country by
Eritrean Minerals Corp., the control of which was recently acquired by
Northern Mining.
The Harab Suit exploration licence covers an area of approximately 420
square kilometres located in the northwest of Eritrea. At least three
important shear zones have been identified in the licence, one of them
hosting the abandoned Harab Suit gold mine, developed in the late 1930s
during the Italian colonial period. This mine was developed on a large
ridge underlain by outcropping sheared and altered quartz porphyry diorite,
containing pervasive quartz veining and pyrite-chalcopyrite disseminations.
The main shear zone of interest outcrops for a strike distance of
approximately nine kilometres and has an apparent width of 35 to 110
metres. Geologic mapping indicates that this shear contains gold
mineralization at several intervals along its length. The company's review
of the area confirmed the existence of a total of 11 new sites in the area
returning significant gold values. Northern Mining has mobilized four teams
to systematically sample the large number of outcropping mineralized quartz
vein swarms. This sampling is accompanied by geological mapping and all the
ancillary work to prepare the property for diamond drilling on the second
semester of 2004.
Carlos Bertoni, chief executive officer of Northern Mining, stated: "Our
review of the Eritrean portfolio held by Eritrean Minerals Corporation
clearly indicated that we should start our exploration efforts in the
country at Harab Suit. In few places of the world one can still walk over
extensive mineralized outcrops that have received little or no exploration
of any type, like at Harab Suit. Our dilemma on properties like this is not
what to do, but where to start and how to maximize our exploration dollars
with efficient and conclusive work. At Harab Suit we plan to take advantage
of the large amount of outcrop and do a maximum of careful surface sampling
before we embark on diamond drilling programs. I am confident we will be
rewarded with significant results."

[Tackler]

NSU charts #msg-3148136

[Ed Monton]

Sunridge Gold Corp.-Continuous Disclosure Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 6, 2004) -
Sunridge Gold Corp. (SGC-TSX-V) has filed an amended report
entitled "Independent Consulting Geologist's Technical Report,
Asmara Project, Hamasien Goldfield, Debarwa Base Metal Camp,
State of Eritrea, Horn of Africa" dated April 27, 2004 (the
"Report"). The Report was co-authored by two independent
consulting geologists Geoff Blackburn, BSc. FAusIMM, CPGeo,
MMICA, FSEG, MASA and Robin Chisholm, BSc. P. Geol. (Alberta).

The Company initially filed an Independent Consulting Geologist's
Technical Report on September 22, 2003. For a number of reasons
this report was considered not to comply with NI 43-101 by the
British Columbia Securities Commission (see Press Release NR
2003-15 dated December 2, 2003). Sunridge believes that the
amended Report now complies with NI 43-101 and as such the
additional filing of this Report completes the filing of the
Company's news release of August 20, 2003 NR2003-6 which
announced the Asmara Project acquisition agreements.

The Report describes in detail the Asmara Project and in
particular the mineral deposits that have been drilled by
previous operators and where historically reported resources
exist.

In the case of the Debarwa base metal-gold VMS deposit the Report
concludes that the historic resource estimates, completed before
the 2003 Sub-Sahara drilling program, cannot be treated as CIM
compliant resources due to the lack of original documentation,
the fact that the majority of the drilling predates contemporary
best practice guidelines and National Instrument 43-101 and the
low density of drilling in some areas of the deposit. However,
the Report also points out that there is a certain degree of
internal consistency in the previous resource estimates and that
the authors believe that further drilling at Debarwa will likely
substantiate historic estimates. The Report also goes on to
discuss the potential of increasing resources to both the north
and south of the historic resource area.

The Report contains a new resource estimate for the Adi Nefas
Doop Gold Deposit which was extensively drilled by La Source in
1996 and 1997. The Report concludes that the new resource
estimate meets the "Inferred" status under current CIM guidelines
and that the main difference between the historic resources and
these new resources are that the new resources are only estimated
to the depth of drilling, generally 60 meters vertically from
surface, whereas the historic resources were extrapolated to 100
metres from surface. This new "Inferred" resource for Adi Nefas
Doop in the Report is as follows:


/T/

----------------------------------------------------------------
Tonnes Average Grade g/t Gold Ounces of Gold
----------------------------------------------------------------
1,965,000 2.99 189,200
----------------------------------------------------------------

/T/

At the Adi Nefas Copper/Zinc +Gold/Silver deposit the Report
states that this mineralized body is an asset of some exploration
merit and although previous exploration information suggests that
a resource is likely to be present it is not possible to estimate
a JORC or CIM compliant resource at this time. The Report
strongly recommends new drilling on the prospect as part of a
pre-feasibility study.

The Report concludes that the Asmara Project covers an area of
excellent geological prospectivity and that the work carried out
to date has been very successful in outlining new targets of some
merit and that the excellent geology of the license to a large
degree compensates for other risks. Further, the Report
characterizes the results of the 2003 Sub-Sahara drilling program
at Debarwa as "extremely encouraging".

The Report recommends a program of work on both the known mineral
deposits and the property-wide exploration on more "grass-root'
targets on the Asmara Project.

At Debarwa the Report recommends initiation of a pre-feasibility
study leading to a bankable feasibility study and as part of this
recommends more drilling to upgrade the historical resources to
current standards. The Report also recommends further exploration
at Debarwa in both along and across strike.

At Adi Nefas Doop a scoping study is suggested and deeper
drilling is strongly recommended by the Report to test the
obvious depth extensions to the deposit which would potentially
increase resources and impact the development of the deposit.

Additionally, the Report strongly recommends that the entire
Asmara Project be subject to a regional and metallogenic study
with a structural interpretation based on an airborne geophysical
survey as well as satellite imagery.

The Year 1 program and budget recommended in the Report totals
$1,600,000.

As part of the recommendations of the Report, Sunridge announces
that Snowden Mining Industry Consultants have been retained to
complete a pre-feasibility study at Debarwa. As a result, a
representative from Snowden has spent several days on the Asmara
Project reviewing all aspects of the current work ensure that
best practice guidelines are being met or exceeded in the ongoing
drilling program.

Sunridge Gold Corp. is a well-funded Canadian public company
focused on the exploration and development of the Asmara Project
base metals and gold properties in Eritrea.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

[Ed Monton]

Sunridge Reports High-Grade Copper Values in On-going
Debarwa Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 30, 2004) -
Sunridge Gold Corp. (SGC-TSX.V) announces drilling results from 5
more holes from the ongoing drilling campaign on the Debarwa
high-grade copper and gold project part of the Asmara Project in
Eritrea.

The latest results show the continuation of the copper-enriched
supergene zone to the north as well as demonstrating the presence
of this high-grade copper zone in the Debarwa South zone.

HIGHLIGHTS:

- Drill hole DEBR-008 grading 10.51% copper over 25 metres
extends the supergene zone 40 metres north of the 2003 drill hole
DEBD-005 which previously reported 13.5% copper over 21 metres.

- High-grade copper supergene zone intersected in the Debarwa
South zone in DEBR-013 grading 8.62% Cu over 2 metres at the
bottom of an incomplete hole.

- Additional diamond drill rig arrives at site, now three rigs
operating.

A summary of the significant results from these latest drill
holes are as follows:

 
  
 ------------------------------------------------------------------------ 
        From   To  Length    Au     Ag 
 Hole #   (m)  (m)     (m)  g/t    g/t   Cu % Zn %   Dip     Zone  Method 
 ------------------------------------------------------------------------ 
 DEBR-D   98  101       3  0.85               1.37   -60  Debarwa      RC 
 -003                                                de-     Main 
                                                   grees 
 ------------------------------------------------------------------------ 
         125  128       3                     1.23 
 ------------------------------------------------------------------------ 
         132  134       2                     1.49 
 ------------------------------------------------------------------------ 
 DEBR-D   43   68      25  2.08  54.41  10.51        Vert  Debarwa 
 -008                                                         Main 
 ------------------------------------------------------------------------ 
          72   74       2                1.02 
 ------------------------------------------------------------------------ 
          81   98      17                     1.30 
 ------------------------------------------------------------------------ 
 DEBR-    16   34      18                     0.86   -50  Debarwa      RC 
 013                                                 de-    South 
                                                   grees 
 ------------------------------------------------------------------------ 
          46   50       4  1.09  66.93 
 ------------------------------------------------------------------------ 
          50   52       2  1.93   36.2   8.62 
 ------------------------------------------------------------------------ 
 DEBR-    35   39       4  0.78   19.1   0.65 0.76  Vert  Debarwa      RC 
 016                                                        South 
 ------------------------------------------------------------------------ 
          76   82       6                     0.87 
 ------------------------------------------------------------------------ 
  
 

........................


Note: Holes designations ending in "R" are reverse-circulation
holes, those ending in "D" are diamond drill holes and those
ending in R-D are those started with reverse-circulation and
completed with diamond drilling. Results from drill holes
DEBR-001, 002, 004, 006 were issued in NR 2004-03 on March 16,
2004. There were no significant values in DEBR-D-005 and results
from DEBR-D-007, DEBR-009, DEBR-010, DEBR-D-011, DEBR-012,
DEBR-014 & DEBR-D-015 are pending.

As can be seen above, drill hole DEBR-008 intersected 25 metres
averaging 10.51% copper with 2.08 g/t gold and 54.41 g/t silver.
This hole was sited on the northern extension of the Debarwa Main
zone to demonstrate continuity of the supergene zone between
Sub-Sahara's 2003 drill hole DEBD-005 (approximately 40 metres to
the south) and drill hole DEBR-001 (approximately 90 metres to
the north). Respectively these holes intersected 13.5% copper
over 21 metres and 11.22% copper over 8 metres.

In the Debarwa South area which is approximately 1 kilometre
south of the Debarwa Main zone drill hole DEBR-013 was abandoned
at 52 metres due to excessive water, but the last 2 metres of the
hole intersected 8.62% copper, 1.93 g/t gold and 36.2 g/t silver.
This hole will be re-drilled, however these initial results are
encouraging in the efforts to define the high-grade supergene
zone in Debarwa South.

The drill hole deviation discovered during this phase of drilling
may have contributed to some of the targeted zones being
overshot. As a result, further down dip drilling is required to
fully determine the full potential of many of the zones and this
work will be completed over the coming weeks. In addition, the
zinc values identified in many of the holes add to the potential
of greater contained metal values for the project and better
understand the metal zoning within this VMS system.

To date twenty-six (26) drill holes have been completed for a
total of approximately 3,300 metres consisting of 4 diamond drill
holes and 22 Reverse Circulation (RC) drill holes. Assays will be
released as available.

Drill production is improving. Recently, a second diamond drill
has arrived on site to join the multi purpose drill. Furthermore,
all 3 drills are planned to operate on a "double shift" basis in
the near future to accelerate drilling productivity in order to
meet the targeted 30,000 metres planned for the calendar year. In
addition, a second multi purpose drill for exploration outside of
the Debarwa Copper/Gold deposit is expected in country by the end
of May.

Sub-Sahara has implemented a Quality Assurance/Quality Control
program as part of the drilling program at Debarwa. This program
includes chain of custody protocol as well as systematic
submittals of standards, duplicates and blank samples into the
flow of samples produced by the drilling. Michael Griffiths AIMM,
the Chief Executive Officer of Sub-Sahara is the Qualified Person
for the Asmara Project.

Sunridge Gold Corp. is a well-funded Canadian public company
focused on the exploration and development of the Asmara Project
base metals and gold properties in Eritrea.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

[Tackler]

Nevsun Resources releases Bisha project assay results

2004-04-27 12:07 ET - News Release


Mr. Don Halliday reports

NEVSUN RESOURCES LTD.: MASSIVE SULPHIDES AT BISHA EXTENDED TO VERTICAL DEPTHS OF 375 METERS AND A FURTHER 50 METERS TO THE SOUTH

Nevsun Resources has released assay results from holes B-183 to B-214 as well as additional assays from hole B-92, at Nevsun's 90-per-cent-owned Bisha project in Eritrea.

The results continue to reflect a continuity of mineralization both along strike and down dip and demonstrates significant potential for a long-term mine life from the primary sulphides of the Bisha project, subsequent to the mining of the high-grade oxide gold and copper supergene zones near surface.

Highlights:

hole B-212 extends massive sulphides by 75 metres to a vertical depth of 375 metres assaying 8.45 per cent Zn, 0.62 per cent Cu, 0.6 gram per tonne Au and 56.9 grams per tonne Ag over 58.5 metres; hole B-202 intersected supergene copper mineralization grading 8.1 per cent Cu over 28.0 metres; hole B-209 intersected 45.3 metres of massive sulphide mineralization including 9.12 per cent of supergene copper over 29 metres and primary mineralization grading 10.36 per cent Zn and 3.31 per cent Cu over 15.3 metres; and holes B-200 and B-206 extend massive sulphide mineralization south an additional 50 metres.

[Tackler]

Chewing the khat in Ethiopia

By Stephen Jessel
BBC correspondent, Harar

Even by the placid standards of its species, it was a relaxed sheep. It made no attempt to move when I tried to squeeze by in the narrow, stony lane.

And then I saw the reason. It was munching discarded khat leaves - and why not?

It seemed most of the population of Harar that hot Sunday afternoon was chewing khat, the mildly narcotic shrub, the leaves of which are widely and legally consumed in Ethiopia, Yemen, Somalia and other countries in the area.

Individually or in groups, men and women, sat or sprawled, have bunches of young leaves to hand.

They let the drug perform its work of inducing well-being, a sensation of deep insight and optimism - and then insomnia and depression.

To get to Harar you go to the Ethiopian capital Addis Ababa, drive 500km (300 miles) across some pretty desolate country to a grim railway town called Dire Dawa, where the young Evelyn Waugh came close to dying of boredom in the 1930s.

Another 50km on (30 miles), you pass a customs post where they collect the taxes on khat and try to catch goods smuggled in from neighbouring states.

You then arrive at Harar, as exotic and improbable a destination as you will find.

This old walled city is overwhelmingly Muslim. It was a powerful and independent emirate until the late 19th Century, and birthplace of Ethiopia's last emperor, Haile Selassie.

It is almost a caricature of the romantic idea of a mysterious city of exotic Araby, with its 380 narrow twisting lanes and alleys and more than 80 mosques.

Doors set into walls painted white, green and blue open on to the spacious courtyards of traditional houses. A carpet over the door indicates the presence of a marriageable daughter.

In their cool interiors, traditional pottery and exquisite baskets crowd the walls, side by side with crude, modern Chinese enamel basins and plates. The floor in the main room has different levels on which people sit in accordance with their status.

Honeymoon couples are confined to one small adjoining room for a week. Food is passed in through a window, though one assumes the happy pair is allowed out for natural reasons from time to time.

At night the hyenas - three, six, 10, then a dozen - slink out of the shadows to one of the gates to be fed goats' entrails.

If tourists are there, the show will be enhanced a little, but it takes place whether goggling "faranji" - foreigners - are present or not.

Only one of Harar's streets is wide enough to drive a car. The city is physically many hundreds of dusty kilometres from the extraordinary rock-carved churches and dim-lit monasteries of the fiercely Christian north, hypnotised by ritual and the shape of the cross, and culturally it is similarly removed.

It is asserted - on what evidence I cannot discover - that Harar is Islam's fourth holiest site, though unlike Mecca, it has a Czech-built brewery producing excellent alcoholic and non-alcoholic beer.

The presence of the brewery and of a mineral water factory are the stranger, inasmuch as the city suffers from a chronic water shortage.

When we were there, local people had to form long queues with their yellow 20 litre jerry cans to fill up from tankers.

Rich culture

But back to the khat. Of course I tried it, but it made me thirsty and I had neither the time nor the patience to chew for the several hours necessary to fully appreciate this type of lotus-eating.

I would have missed the parade of the newlyweds in western dress, driving round the town square and up and down the single street that cars can negotiate.

Facts about khat

It is a natural stimulant from the Catha Edulis plant
Khat is legal in Britain but banned in Europe, America and Canada
Effects include euphoria, extreme talkativeness, and inane laughing
Side effects can include dizziness, heart problems and anxiety
Other names include Qat, Chat, Kat, Abyssinian Tea, mirraa and African Salad

I would have missed seeing the museum devoted to the marvellous boy, the French prodigy poet Arthur Rimbaud who, after abandoning his muse at the age of 19, fetched up in Harar and eventually embarked on a singularly unsuccessful career as an arms dealer in the region.

I would have missed the smuggler's market, where goods driven in across the desert from Djibouti and Somalia are openly traded.

I would have missed the Italian fascist-era architecture in the new town.

I would have missed the recycling market where everything from old tyres to cooking oil tins is converted into something useful.

I would have missed buying the explosive local spices.

Way of life

The local passion for khat has a price. The bunch I bought - and was surely overcharged for - amounted to a day's average earnings.

The country's roads are lined with wrecked vehicles, whose drivers chewed the leaf to stay awake but lost concentration.

It is socially disruptive.


Khat is more popular than coffee beans among Ethiopian farmers

Ethiopia is deservedly famous for its coffee, but farmers are tearing up their bushes - understandably given the collapse in coffee prices - in favour of the much more easily grown and profitable khat shrub.

Khat is now a major source of government revenue and export earnings.

It is Sunday afternoon in Harar and on a corner, a building with boarded windows offers access by ticket only.

From inside float the flat familiar live tones of Britain's leading football commentator: "a little unlucky to get that yellow card," he opines.

Outside women in traditional dress, importunate children in rags, youths in t-shirts bearing western slogans squeeze along the alleys.

On the rooftops the hawks wait for scraps of meat from the market.

Women who may have walked for hours along mountain roads offer firewood for sale for pennies. And in the corners in the shade people munch in companionable silence.

There is not much chat, when khat is chewed.

[Ed Monton]

Nevsun Resources Ltd.: Massive Sulphides Intersected at
375 Meters, Extending the Vertical Depth of the Bisha
Main Zone by a Further 75 Meters

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 7, 2004) - Nevsun
Resources Ltd. (NSU/TSX) is pleased to announce the assay results
from an additional 14 diamond drill holes as part of the 30,000
meter current drill program. One of these holes, B-212, has been
drilled to depths of 375 meters to determine the vertical extent
of the deposit and intersected massive sulphides over true widths
of 60+ meters. Assays are pending for this hole. The zone remains
open at depth.

The results continue to reflect a continuity of mineralization
both along strike and down dip and demonstrate significant
potential for a long term mine life from the primary sulphides of
the Bisha Project, subsequent to the mining of the high grade
oxide gold and copper supergene zones near surface.

 
  
 HIGHLIGHTS: 
  
 - Hole B-212 intersected massive sulphides from 346.1 to 418.4 
    meters, extending the mineralized zone to 375 vertical meters 
 - Hole B-169 with 33.0 meters grading 6.59% Zn, 1.94% Cu, 92.34 g/t 
    Ag and 0.97 g/t Au 
 - Hole B-171 with 35.2 meters grading 8.88% Zn, 1.55% Cu, 72.56 g/t 
    Ag and 0.93 g/t Au 
 - Hole B-172 with 30.0 meters grading 8.36% Zn, 1.15% Cu, 55.60 g/t 
    Ag and 1.09 g/t Au 
 - Hole B-175 with 22.4 meters grading 9.11% Zn, 1.28% Cu, 74.80 g/t 
    Ag and 0.72 g/t Au  
 - Hole B-178 with 35.8 meters grading 6.47% Zn, 1.49% Cu, 55.06 g/t 
    Ag and 0.73 g/t Au. 
  
 Assay results from 13 diamond drill holes at the Bisha Main Zone are 
 listed below by mineral zones: O-Oxide, S-Supergene sulphides, 
 P-Primary sulphides. 
 -------------------------------------------------------------------- 
 Hole     From    To  Length   Au    Ag   Cu  Pb     Zn Zone  Section 
 #                        (m) g/t   g/t    %   %      % 
 -------------------------------------------------------------------- 
 Super 
  -gene 
 -------------------------------------------------------------------- 
 B-172   59.15 78.85    19.7 0.46 18.35 1.27 0.12  0.36    S  1715425 
 -------------------------------------------------------------------- 
 Primary 
 -------------------------------------------------------------------- 
 B-169   211.0 275.5    64.5 0.97 70.23 1.77 0.15  3.67    P  1715575 
 -------------------------------------------------------------------- 
 Incl.   211.0 244.0    33.0 0.97 92.34 1.94 0.26  6.50    P   
 -------------------------------------------------------------------- 
 B-170   227.6 267.8    40.2 0.73 32.36 0.99 0.15  4.21    P  1715450 
 -------------------------------------------------------------------- 
 Incl.   227.6 251.5    23.9 0.55 38.04 0.81 0.24  7.00    P   
 -------------------------------------------------------------------- 
 Incl.   261.0 267.8     6.8 1.97 33.04 1.93 0.00  0.14    P   
 -------------------------------------------------------------------- 
 B-171   199.2 254.0    54.8 0.90 62.25 1.47 0.19  5.97    P  1715550 
 -------------------------------------------------------------------- 
 Incl.   199.2 234.5    35.2 0.93 72.56 1.55 0.28  8.88    P   
 -------------------------------------------------------------------- 
 B-172   142.0 188.9    46.9 0.90 44.14 1.14 0.14  5.54    P  1715425 
 -------------------------------------------------------------------- 
 Incl.   142.0 172.0    30.0 1.09  55.6 1.15 0.21  8.36    P   
 -------------------------------------------------------------------- 
 B-173    57.4  79.4    22.0 0.65 21.19 0.51 0.14  1.95  S/P  1715425 
 -------------------------------------------------------------------- 
 Incl.    64.4  79.4    15.0 0.79 22.78 0.39 0.16  2.53    P   
 -------------------------------------------------------------------- 
 B-173   157.0 202.6    45.6 0.75 34.35 0.93 0.11  4.53    P  1715425 
 -------------------------------------------------------------------- 
 Incl.   160.0 190.0    30.0 0.93  43.8 1.04 0.15  6.32    P   
 -------------------------------------------------------------------- 
 B-174   113.5 148.0    34.5 0.61 46.96 1.36 0.16  5.71    P  1715325 
 -------------------------------------------------------------------- 
 B-175    49.5  54.0     4.5 0.12 120.0  0.0 0.03  0.01    O  1715425 
 -------------------------------------------------------------------- 
 B-175    59.5 138.0    78.5 0.75 44.48 1.73 0.16  2.84  S/P  1715425 
 -------------------------------------------------------------------- 
 Incl.    64.0  77.5    13.5 0.84  27.0 3.08 0.08  0.10    P   
 -------------------------------------------------------------------- 
 Incl.    83.6 106.0    22.4 0.72 74.80 1.28 0.46  9.11    P   
 -------------------------------------------------------------------- 
 B-176   127.0 158.5    31.5 0.65 50.38 1.22 0.27  7.34    P  1715325 
 -------------------------------------------------------------------- 
 B-177    65.5 111.5    56.0 0.46 14.93 0.35 0.08  1.35    P  1715425 
 -------------------------------------------------------------------- 
 B-178  119.65 155.5   35.85 0.73 55.06 1.49 0.20  6.47    P  1715300 
 -------------------------------------------------------------------- 
 B-179   145.0 172.0    27.0 0.60 52.47 1.37 0.21  5.58    P  1715300 
 -------------------------------------------------------------------- 
 B-180    83.4 116.2    32.8 0.58 53.60 1.13 0.27  5.40    P  1715275 
 -------------------------------------------------------------------- 
 B-181    51.0  57.0     6.0 1.26 61.75 0.01 0.27  0.03    O  1715350 
 -------------------------------------------------------------------- 
 B-181  133.73 169.7   35.97 0.67 39.02 0.69 0.23  6.38    P  1715350 
 -------------------------------------------------------------------- 
 Incl.  133.73 163.0   29.27 0.75 41.83 0.63 0.28  7.74    P   
 -------------------------------------------------------------------- 
  
 

.........................


Hole B-182 was an exploration hole drilled 2 kilometers to the
southwest of the Main Zone that targeted geophysical responses.
It encountered disseminated sulphides containing 0.93% Zn over
7.1 meters. The targeted gravity anomaly is not adequately
explained and further work is planned. Assays on additional holes
drilled will be released as available.

The reverse circulation drill has arrived on the property and is
operational. A total of 8,000 meters of reverse circulation
drilling is planned to infill the Bisha Main Zone targeting
mostly the oxide gold and supergene copper horizons. The Company
is on schedule to have a third party calculate a resource
statement for the Bisha Main Zone at the end of the second
quarter of this year.

Detailed drilling of the Northwest Zone, another massive sulphide
body discovered in 2003, will be implemented in October of this
year. Additional exploration drilling will also take place during
this time frame.

Recently completed gravity work along with EM, soil geochemical
and geological surveys have earmarked another exploration target
located approximately 8 kilometers southwest of Bisha Main. The
target is interpreted to have a massive sulphides signature.
Drill testing is planned for later this year.

Bill Nielsen, Vice-President of Exploration for Nevsun, a
qualified person under National Instrument 43-101, supervised and
directed all work associated with the drilling program. Nevsun
implemented a QA/QC program, consisting of certified standards,
for the drill program. The analytical methods used for gold and
silver are fire assay with atomic absorption or gravimetric
finish. Induced Coupled Plasma (ICP) is used for silver trace
level values. The analytical methods used for the base metals are
aqua-regia digestion and atomic absorption finish or ICP for
trace level values. Sample preparation and analysis were
conducted at ALS Chemex of Vancouver, Canada.

Forward Looking Statements: The above contains forward looking
statements that are subject to a number of known and unknown
risks, uncertainties and other factors that may cause actual
results to differ materially from those anticipated in our
forward looking statements. Factors that could cause such
differences include: changes in world gold markets, equity
markets, costs and supply of materials relevant to the mining
industry, change in government and changes to regulations
affecting the mining industry. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Nevsun Resources Ltd.
Don Halliday
Manager, Investor Relations
[phone] or Toll Free: 1-888-600-2200
Email: [e-mail]
Website: www.nevsun.com

[Tackler]

SGC got itself in a downtrend

[Ed Monton]

Nevsun Resources Ltd.: High Grade Base Metals Within
Massive Sulphides Zone Confirmed to Vertical Depths of
300 Meters at Bisha Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Mar 22, 2004) -
Nevsun Resources Ltd. (NSU/TSX) is pleased to announce the assay
results from an additional 9 diamond drill holes as part of the
30,000 meter 2004 program. The results continue to reflect a
continuity of mineralization both along strike and to depth and
demonstrate significant potential for a long term mine life from
the primary sulphides of the Bisha Project. Plans to drill to
vertical depths of 400 meters on one section in the heart of the
primary massive sulphide zone are being finalized.

HIGHLIGHTS: High-grade mineralization extends depth to 300
vertical meters.

Some of the high grade intercepts include Hole B-164 with 74.65
meters true width grading 9.7% Zn, 1.15% Cu, 72 g/t Ag and 0.77
g/t Au, Hole B-163 with 25 meters grading 9.76% Zn, 0.92% Cu,
88.76 g/t Ag and 0.71 g/t Au, Hole B-162 with 41.75 meters
grading 9.60% Zn, 1.49% Cu, 85.35 g/t Ag and 0.98 g/t Au, Hole
B-161 with 26 meters grading 10.71%Zn, 0.72% Cu, 52.21 g/t Ag and
0.70 g/t Au and Hole B-160 with 25.50 meters grading 13.20% Zn,
1.36% Cu, 109.44 g/t Ag and 0.83 g/t Au.

To date, in 2004, 52 diamond drill holes have been drilled in the
southern part of the Bisha Main zone. Some of these holes have
been drilled to vertical depths of 300 meters in an effort to
determine the depth extent of the deposit. The zone remains
strong at these depths with true widths of massive sulphides in
the order of 60-75 meters being attained. The gold bearing oxide
zone was not targeted in this stage of the program.

Assay results from the 9 diamond drill holes at the Bisha Main
Zone are listed below by mineral zones: O-Oxide, S-Supergene
sulphides, Str-Stringers, P-Primary sulphides.

 
  
 Hole #   From    To  Length    Au    Ag     Cu %  Pb %  Zn % Zone 
                        (m)     g/t   g/t 
                                                               Section 
 --------------------------------------------------------------------- 
  
 Oxide Cu 
 B-164    3.00   9.00   6.00   0.00   0.50   2.03  0.01  0.43  O 
                                                               1715500 
 --------------------------------------------------------------------- 
 Supergene 
 B-166   64.00  84.30  20.30   0.32  24.23   3.41  0.06  0.04 S  
                                                               1715575 
 --------------------------------------------------------------------- 
 Primary 
 B-160  217.50 243.00  25.50   0.83 109.44   1.36  0.59 13.20 P 
                                                               1715600 
  and   243.00 249.00   6.00   1.11  86.50   2.95  0.04  0.96 P 
 --------------------------------------------------------------------- 
 B-161   67.70 130.75  63.05   0.67  17.15   0.34  0.09  1.14 S/P 
                                                               1715475 
  and   187.0  213.00  26.00   0.70  52.21   0.72  0.48 10.71 P 
  and   213.00 240.65  27.65   0.74  37.78   1.75  0.01  0.25 P 
 --------------------------------------------------------------------- 
 B-162  226.25 268.00  41.75   0.98  85.35   1.49  0.40  9.60 P 
                                                               1715525 
  and   268.00 322.00  54.00   0.66  34.13   1.15  0.04  1.11 P 
 --------------------------------------------------------------------- 
 B-163  247.50 272.50  25.00   0.71  88.76   0.92  0.47  9.76 P 
                                                               1715600 
  and   272.50 327.80  55.30   0.63  30.08   1.09  0.11  2.28 P 
                                                               1715600 
  and   319.00 327.80   8.80   1.14  70.91   1.85  0.58 10.46 P 
 --------------------------------------------------------------------- 
 B-164  280.35 355.00  74.65   0.77  72.04   1.15  0.39  9.70 P 
                                                               1715500 
 --------------------------------------------------------------------- 
 B-165   47.50  76.30  28.80   0.94  71.99   2.34  0.41  7.34 S/P 
                                                               1715575 
  incl.  61.00  74.50  13.50   1.44 115.41   1.99  0.65 15.54 P 
 --------------------------------------------------------------------- 
 B-165   97.00 136.50  39.50   0.81  62.61   1.59  0.20  5.40 P 
  Incl. 100.70 120.00  19.30   0.94  90.27   1.81  0.41 10.09 P 
  incl. 120.00 132.00  12.00   0.90  50.75   2.01  0.01  0.90 P 
 --------------------------------------------------------------------- 
 B-166   88.00 122.50  34.50   0.88  24.48   0.36  0.11  1.76 P 
                                                               1715575 
  and   151.60 183.50  31.90   0.80  62.76   1.49  0.29  5.80 P 
  Incl. 151.60 166.50  14.90   0.87  82.12   1.24  0.59 11.71 P 
  Incl. 166.50 178.75  12.25   0.86  57.31   2.12  0.03  0.82 P 
 --------------------------------------------------------------------- 
 B-167  246.60 295.00  48.40   0.67  38.43   1.00  0.16  5.30 P 
                                                               1715475 
  incl. 249.80 258.55   8.75   0.75  75.87   1.05  0.55 12.31 P 
  incl. 263.75 283.00  19.25   0.69  33.09   0.80  0.12  7.03 P 
 --------------------------------------------------------------------- 
 B-168  166.60 210.00  43.40   0.95  66.38   1.56  0.22  6.50 P 
  incl. 166.60 189.00  22.40   0.93  86.37   1.60  0.40 12.28 P 
  incl. 189.00 199.50  10.50   1.13  65.29   2.48  0.02  0.57 P 
 --------------------------------------------------------------------- 
  
 

.........................



Assays on additional holes drilled will be released as available.


The reverse circulation drill has arrived in the country and is
being mobilized to the project site for immediate start up on
defining the oxide and supergene zones especially in the northern
part of the Main Zone. The Company is on schedule to have a third
party calculate a resource statement at the end of the second
quarter of this year.

Bill Nielsen, Vice-President of Exploration for Nevsun, a
qualified person under National Instrument 43-101, supervised and
directed all work associated with the drilling program.

Nevsun implemented a QA/QC program, consisting of certified
standards, for the drill program. The analytical methods used for
gold and silver are fire assay with atomic absorption or
gravimetric finish. Induced Coupled Plasma (ICP) is used for
silver trace level values. The analytical methods used for the
base metals are aqua-regia digestion and atomic absorption finish
or ICP for trace level values. Sample preparation and analysis
were conducted at ALS Chemex of Vancouver, Canada.

Forward Looking Statements: The above contains forward looking
statements that are subject to a number of known and unknown
risks, uncertainties and other factors that may cause actual
results to differ materially from those anticipated in our
forward looking statements. Factors that could cause such
differences include: changes in world gold markets, equity
markets, costs and supply of materials relevant to the mining
industry, change in government and changes to regulations
affecting the mining industry. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Nevsun Resources Ltd.
Don Halliday
Manager, Investor Relations
[phone] or 1-888-600-2200
Email: [e-mail]
Website: www.nevsun.com

[Ed Monton]

Sanu Resources Ltd.: Corporate Update

Vancouver, British Columbia--(CCNMatthews - Mar 19, 2004) -

Director Appointment/Resignation

Sanu Resources Ltd. (the "Corporation") announces the appointment
of Mr. John C. Lucking to the Board of Directors and the
resignation of Mr. A. Murray Sinclair. Mr. Lucking is presently
a consulting economist who sits on the board of several mutual
funds and is involved in other mining-related venture capital
investments.

Change of Auditors

Pursuant to National Policy 31, the Corporation hereby advises
that Davidson & Company, Chartered Accountants has resigned as
auditors of the Corporation and that KPMG LLP ("KMPG"), Chartered
Accountants have been appointed in their stead. The appointment
of KPMG was considered and approved by the Audit Committee and
the Board of Directors of the Corporation.

Grant of Incentive Stock Options

The Corporation announces that pursuant to the Corporation's
Stock Option Plan, 1,235,000 stock options exercisable at $0.55
per share for a period of five years have been granted to certain
directors, officers, employees and consultants of the
Corporation. As a result of their function within the
Corporation, certain individuals may be considered "related
parties" to the Corporation. The Corporation has determined that
exemptions from the various requirements of the Ontario
Securities Commission Rule 61-501 are available.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Sanu Resources Ltd
Michael Winn
President
[phone]
or
Sanu Resources Ltd
Kim Casswell
Corporate Secretary
[phone]
[phone] (FAX)

[Tackler]

Nevsun Resources Ltd.: High Grade Base Metal Assays Show Strong Growth Potential With Massive Sulphides Zones Confirmed to Vertical Depths of 300 Meters at Bisha Project, Eritrea
Friday March 5, 1:40 pm ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 5, 2004--Nevsun Resources Ltd. (TSX:NSU - News) is pleased to announce the assay results from the first 13 diamond drill holes of the 30,000 meter 2004 program and the final 5 drill holes (B-142 to B-146) completed at its Bisha Project in 2003. The results reflect a continuity of mineralization both along strike and to depth and demonstrate significant potential for a long term mine life from the primary sulphides of the Bisha Project, subsequent to the mining of the gold rich oxide layer at surface and the copper-rich supergene zone. It is becoming more apparent that a specific zonation of zinc rich and copper rich mineralization is present within the primary zone situated below the supergene copper horizon and the high-grade gold oxide cap. Plans are to drill to vertical depths of 400 meters during the current program once all assay results are received and initial interpretations have been completed as to the configuration of the mineralization with depth.
To view a diagram associated with this release, please click on the following link: http://www2.cdn-news.com/database/fax/2000/0305NSU.jpg.

HIGHLIGHTS

High grade zinc mineralization continues to be intersected in the primary massive sulphide zone
Massive sulphides up to 50-60 meters true width intersected to depths of 300 meters vertical
Exploration drilling commenced on targets 2.0 km to the southwest of Bisha Main
Environmental baseline studies commenced
To date, in 2004, 34 diamond drill holes have been drilled in the southern part of the Bisha Main zone. Some of these holes have been drilled to vertical depths of 300 meters in an effort to determine the depth extent of the deposit. The zone remains strong at these depths with true widths of massive sulphides in the order of 50-60 meters being attained. Assay results from the deep holes are pending. The gold bearing oxide zone was not targeted in this stage of the program.

Assay results from the initial 13 diamond drill holes from the 2004 program at the Bisha Main Zone are listed below by mineral zones: O-Oxide, S-Supergene sulphides, Str-Stringers, P-Primary sulphides. .

 
  
 --------------------------------------------------------------------- 
 Hole #   From     To Length   Au    Ag     Cu   Pb    Zn Zone Section 
                          (m)  g/t   g/t     %    %     % 
 --------------------------------------------------------------------- 
 Oxide 
 --------------------------------------------------------------------- 
 B-156   28.00  49.00  21.00  2.21 57.57  0.03 0.66  0.07    O 1715625 
 --------------------------------------------------------------------- 
 Supergene 
 --------------------------------------------------------------------- 
 B-150   82.95  91.00   8.05  0.48 23.65  2.43 0.09  0.05    S 1715675 
 --------------------------------------------------------------------- 
 B-151   57.00  86.50  29.50  0.97 32.73  3.07 0.11  0.10    S 1715675 
 --------------------------------------------------------------------- 
 B-152   60.00  73.00  13.00  0.22 21.60  3.40 0.10  0.04    S 1715525 
 --------------------------------------------------------------------- 
 B-154   53.50  67.00  13.50  0.26 15.78  2.17 0.11  0.16    S 1715525 
 --------------------------------------------------------------------- 
 B-156   49.00  79.00  30.00  0.87 46.60  3.26 0.26  2.69  S/P 1715625 
 --------------------------------------------------------------------- 
 B-159   51.00  69.10  18.10  0.44 17.85  3.58 0.07  0.19    S 1715475 
 --------------------------------------------------------------------- 
 Primary 
 --------------------------------------------------------------------- 
 B-147  132.30 148.00  15.70  0.81 71.23  0.85 0.38  9.68    P 1715700 
 --------------------------------------------------------------------- 
 B-148  144.80 157.00  12.20  1.15 82.60  0.70 0.61 18.56    P 1715675 
 --------------------------------------------------------------------- 
 B-149   80.50  87.95   7.45  0.70 47.95  1.32 0.35  5.39    P 1715525 
 --------------------------------------------------------------------- 
 B-149  108.10 140.50  32.40  0.87 68.44  1.36 0.25  7.95    P 1715675 
 --------------------------------------------------------------------- 
 B-150  118.00 128.50  10.50  1.01 63.81  0.77 0.37  9.15    P 1715675 
 --------------------------------------------------------------------- 
 Incl.  118.00 122.50   4.50  0.65 92.00  0.83 0.67 16.55    P 
 --------------------------------------------------------------------- 
 B-151   86.50  98.50  12.00  0.69 95.83  1.09 0.89 10.85    P 1715675 
 --------------------------------------------------------------------- 
 B-152   83.20 125.30  42.10  0.99 24.91  0.35 0.13  2.20    P 1715525 
 --------------------------------------------------------------------- 
 B-152  163.10 199.00  35.90  0.72 61.37  1.37 0.29  8.70    P 
 --------------------------------------------------------------------- 
 Incl.  163.10 188.00  24.90  0.70 71.67  1.24 0.41 12.45    P 
 --------------------------------------------------------------------- 
 B-153  147.50 159.00  11.50  0.65 63.83  0.37 0.74 19.94    P 1715650 
 --------------------------------------------------------------------- 
 B-154   67.00 123.90  56.90  0.47 21.16  0.39 0.12  1.83    P 1715525 
 --------------------------------------------------------------------- 
 B-154  172.35 262.50  90.15  0.95 60.43  1.77 0.17  4.79    P 
 --------------------------------------------------------------------- 
 Incl.  175.35 214.00  38.65  1.06 74.86  1.62 0.31  9.10    P 
 --------------------------------------------------------------------- 
 And 
  Incl. 214.00  262.5   48.5  0.84 48.34  1.83 0.04  1.52    P 
 --------------------------------------------------------------------- 
 B-155  145.40 169.60  24.20  0.85 93.60  0.96 0.69 17.76    P 1715625 
 --------------------------------------------------------------------- 
 B-156   64.00  70.00   6.00  0.75 99.25  1.95 0.76 12.91  S/P 1715625 
 --------------------------------------------------------------------- 
 B-156    79.0  111.4   32.4  0.66 37.03  0.78 0.22  3.94    P 
 --------------------------------------------------------------------- 
 incl    91.00 104.50  13.50  0.51 55.53  0.63 0.47  9.11    P 
 --------------------------------------------------------------------- 
 B-157   81.00 102.00  21.00  0.69 23.71  0.39 0.12  2.36    P 1715475 
 --------------------------------------------------------------------- 
 B-157  149.50 184.00  34.50  0.53 28.10  1.03 0.04  1.98    P 
 --------------------------------------------------------------------- 
 incl   149.50 158.50   9.00  0.70 33.67  0.67 0.14  6.79    P 
 --------------------------------------------------------------------- 
 B-158  164.00 194.50  30.50  0.78 80.10  1.47 0.39 10.35    P 1715600 
 --------------------------------------------------------------------- 
 B-159   78.25 129.00  50.75  0.65 26.60  0.75 0.11 2.49     P 1715475 
 --------------------------------------------------------------------- 
 incl    95.50 112.50  17.50  1.06 36.75  0.46 0.25 6.29     P 
 ---------------------------------------------------------------------

Assays on additional holes drilled will be released as available.

The results from the final five diamond drill holes from the 2003 program at the Bisha Main Zone are listed below by mineral zones: O-Oxide, S-Supergene sulphides, Str-Stringers, P-Primary sulphides. The primary mineralization is further divided into copper and zinc rich zones.

 
  
 --------------------------------------------------------------------- 
                      Inter-    Au   Ag     Cu   Pb    Zn 
 Hole #  From      To val (m)  g/t   g/t     %    %     % Zone Section 
 --------------------------------------------------------------------- 
 Oxide 
 --------------------------------------------------------------------- 
 B-144    2.8    34.0   28.2  5.05 11.96  0.08 0.32  0.11    O 1716000 
 --------------------------------------------------------------------- 
 B-145   40.0    52.0   12.0  8.28 46.38  0.02 0.02  0.02    O 1716175 
 --------------------------------------------------------------------- 
 Supergene 
 --------------------------------------------------------------------- 
 B-142   79.0   103.0   24.0  0.31  38.6  4.62 0.26  0.11    S 1715750 
 --------------------------------------------------------------------- 
 B-144   49.6    55.0    5.4  0.02  0.63  0.76 0.00  0.02    S 1716000 
 --------------------------------------------------------------------- 
 Primary-Cu rich 
 --------------------------------------------------------------------- 
 B-143   85.0    88.0    3.0  0.08   1.0  1.16 0.11  0.05    P 1715800 
 --------------------------------------------------------------------- 
 and     96.9    99.2    1.7  0.63 28.18  1.34 0.19  0.15    P 
 ---------------------------------------------------------------------

Hole B-142 undercut hole B-141 that intersected supergene copper mineralization assaying 17.4% Cu over 12.0 meters. Hole B-146 was lost before achieving its primary target.

Additional assay results from hole B-134 have been received. Significant assays have now been returned over an 88.85 meter core length which includes oxide, supergene and primary mineralization. Averaged results are as follows:

 
 --------------------------------------------------------------------- 
                      Inter-    Au   Ag     Cu   Pb    Zn 
 Hole #  From      To val (m)  g/t   g/t     %    %     % Zone Section 
 --------------------------------------------------------------------- 
 B-134 
  (i)     0.0    38.0   38.0  6.45  37.2  0.12 1.15  0.06    O 1716125 
 --------------------------------------------------------------------- 
 and(i)  38.0    55.0   17.0  1.29 32.97  8.24 0.09  0.05    S 
 --------------------------------------------------------------------- 
 and     55.0    73.0   18.0  0.36  4.54  0.49 0.01  0.04  Str 
 --------------------------------------------------------------------- 
 and     73.0   88.85  15.85  1.26 36.66  1.37 0.04  6.35    P 
 ---------------------------------------------------------------------

(i)These two intervals were previously released.

Bill Nielsen, Vice-President of Exploration for Nevsun, a qualified person under National Instrument 43-101, supervised and directed all work associated with the drilling program.

Nevsun implemented a QA/QC program, consisting of certified standards, for the drill program. The analytical methods used for gold and silver are fire assay with atomic absorption or gravimetric finish. Induced Coupled Plasma (ICP) is used for silver trace level values. The analytical methods used for the base metals are aqua-regia digestion and atomic absorption finish or ICP for trace level values. Sample preparation and analysis were conducted at ALS Chemex of Vancouver, Canada.

Forward Looking Statements:The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world gold markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer
--------------------------------------------------------------------------------
Contact:
Nevsun Resources Ltd.
Don Halliday, 604-623-4700 or 888-600-2200
Email: [e-mail]
Website: www.nevsun.com
--------------------------------------------------------------------------------
Source: Nevsun Resources Ltd.

[Tackler]

Eritrea denies new Horn talks - BBC News


Ethiopia refuses to hand over Badme
Eritrea has denied reports that it had asked Nigeria to mediate in its border dispute with Ethiopia.
Presidential spokesman Yemane Gebremeskel said his government holds that the boundary commission ruling in 2002 should be implemented by Ethiopia.

Nigeria's foreign minister had told the BBC that Eritrea had asked them to intervene in the dispute.

But Mr Gebremeskel said Eritrea had only sent out a routine letter to lobby African leaders.

Stalemate

Ethiopia rejects the ruling that the symbolic town of Badme, where a two-and-a-half year border war began, is in Eritrea territory.

"No mediation from any friendly country has been contemplated or accepted," Mr Gebremeskel said.


"Mediation would mean we are going to accept a new mechanism and that would mean we compromise the sanctity of colonial boundaries and the Algiers Agreement [which ended the war]."

Tensions have been rising as the stand-off has continued and UN envoy Legwaila Joseph Legwaila recently said the situation was still dangerous.

Last month Eritrea refused to meet another UN envoy, Lloyd Axworthy, saying there was nothing to talk about - just how Ethiopia was going to obey the border ruling.

Nigeria's Foreign Minister Olu Adeneji had told the BBC Network Africa programme that Eritrean President Isaias Afeworki has sought the help of his Nigerian counterpart Olusegun Obasanjo, to persuade Ethiopia to implement the decision of the boundary commission.

"We have a similar subject with Cameroon which we are resolving through political dialogue and we intend to pass the same example to the two countries," said Mr Adeneji.

Germany and Britain have urged Ethiopia to accept the boundary commission ruling, to allow the border's physical demarcation to proceed.

A UN peacekeeping force is patrolling the security zone between Ethiopia and Eritrea.

[Tackler]

Picked up some MDN @ .83

[Tackler]

African states must play ball

By: Ken Gooding

Posted: 2004/02/15 Sun 13:30 / © Mineweb 1997-2004

LONDON (Mineweb.com) -- David Klingner, Head of Exploration for Rio Tinto, gave a warning today (February 11) that, although the world’s second biggest mining group was ready to make a substantial contribution to the further development of Africa’s mining industry, it would be only in those countries where governments gave their wholehearted support.

The search for mineral deposits was not just the responsibility of exploration and mining companies, he insisted, but also of the community at large. “Companies cannot conduct the search on their own initiative, but must have the wholehearted support of the civil society in which they operate. Society must provide an appropriate business environment backed up by suitable laws and regulations if the search for mineral deposits is to be successfully undertaken,” he added.

“The many countries that make up Africa make for a spectrum of exploration opportunities from among the very best to the very worst when all of the factors, from geology, exploration history, laws, rules and regulations and governance are taken into account,” he said.

In the past five years Rio had demonstrated its confidence in Africa by spending US$57m – about 13 percent of its global $450m spend in that time – on exploration in Botswana, Guinea, Mauritania, Mozambique, South Africa and Zimbabwe. This had lead to “promising opportunities” with mineral sands deposits in Madagascar and Mozambique, iron ore in Guinea and diamonds in Zimbabwe.

Rio had “looked at opportunities” in the Democratic Republic of Congo (DRC), Egypt, Gabon, Morocco, Namibia, Tanzania and Zambia. The group had many joint ventures with major companies and juniors in Africa as well as a network of offices, laboratories and field equipment.

But funds for exploration were limited and exploration would always be focused on those countries in which Rio had the most confidence. Asked by Mineweb which countries at present were “off limits” as far as Rio was concerned, Klingner mentioned Angola, DRC – even though it “is a treasure trove, a wonderful place to look for minerals” – the Central African Republic, Equatorial Guinea, Guinea Bissau, Sudan and Libya.

Klingner said a fundamental requirement of a government wanting to encourage a vigorous exploration industry was to provide clear rules about the granting of exploration title, including the size of the area that could be held, the period of time for which it could be held, the qualifications of those who could apply, the fees to be paid for the privilege of holding the title, the work programme or expenditure commitment that must be carried out, and the report that must be submitted on work done when complete.

“The rules should encourage ground to be actively explored or else relinquished and for all data gathered to be recorded and submitted to the government for the benefit of those who succeed them in holding the ground,” he added.

“Of vital importance is that the successful explorer will receive a reward for discovery commensurate with the value to society of what is found. Governments must recognise the level of investment risk taken on by explorers if they wish to promote exploration.”

This meant that exploration and mining title should be conjunctive, that a mining lease would be granted to the holder of the exploration title on which a discovery was made as a matter of priority – subject only to the proposed development meeting society standards and best industry practice.

“The rules under which a development can taken place, particularly the fiscal regime and the community and environmental standards to be met, need to be known beforehand. The ground rules must be clear and obvious to the explorer and he must be confident that they will not be changed half-way through the process or following the discovery of a valuable deposit.”

Klingner said Rio also needed to have confidence in the political framework of countries where it operated. “The explorer must know that the difference between those that govern and those that loyally oppose them are matters of degree and are not so fundamentally ideologically different that they would alter the fabric of society if the opposition came to power.”

There must also be “confidence that those that govern are people of integrity who place the development of their country and the advancement of their citizens above their desire for personal enrichment.”

Klingner summed up by saying: “As the explorer goes through the process of prioritising his programme, projects in countries about which there is a lack of confidence in the rules or governance will not survive. There are so many, many options, and always - and properly - a limitation on the available funds, such that exploration will be focused where confidence is highest.”

[Ed Monton]

Sunridge Gold Announces Second Drill Rig Commences at
Debarwa Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--Sunridge Gold Corp. (SGC- TSX.V)
reports that a second drill has started work on the Debarwa
copper/gold Project, part of the 1,400 square kilometer Asmara
Project in Eritrea. This is expected to considerably increase
drilling progress on the project. The first drill began drilling
on January 12, 2004 (NR2004-1).

The second drill is a multi-purpose drill that has the capability
of drilling by reverse-circulation (RC), Reverse Air Blast (RAB)
or conventional diamond drilling methods. It is planned to use
the RC drilling method extensively in the exploration work of
Debarwa as it has the advantage of rapidly collecting large
representative samples at much lower cost than diamond drilling.
The drill operator has the option to switch to diamond drilling
in some of the deeper holes that are designed to test the primary
zone of mineralization. In addition, the RAB drilling method will
be used to complete rapid initial drill testing of some of the
many partially covered mineralized zones previously outlined on
the four exploration licenses.

The Debarwa Project is a near surface volcanogenic massive
sulphide (VMS) deposit with an enriched zone of high-grade copper
("supergene zone") from which previous drilling by Sunridge's
joint-venture partner, Sub-Sahara Resources N.L., has returned
values of greater than 10% copper as well as significant gold
values (NR2003-8). The joint venture (Sub-Sahara is the operator
of the program) plans to complete over 5,000 meters of RC and
diamond drilling at Debarwa in order to give better definition to
the supergene copper zone and upgrade the resource into the
"measured" category. Exploration drilling along strike and down
dip will also be conducted in an effort to increase the present
resources.

The drilling is part of a Phase One exploration program, totaling
US$1.3 million, funded by Sunridge, covering a number of VMS
targets as well as structurally controlled gold mineralization on
the Asmara Project. The program includes an extensive 200 metre
line spaced airborne electromagnetic ("EM") survey which was
completed by Fugro Airborne Surveys Pty Ltd. in December 2003
that covered all parts of the property. A total of 5,445 line
kilometres of EM was flown using the Fugro Tempest EM survey
equipment. The fully interpreted results of this work will be
available later in the first quarter of 2004 and are expected to
define other VMS style drilling targets on the property. A total
of 38.44 line kilometres of ground magnetic surveys had been
completed over 5 prospect areas within the Asmara Project
including Adi Nefas Doop, Adi Abeito, Emba Derho SE, Geremy and
Deki Peteros. A ground EM Loop and ground gravity survey has been
started over the Debarwa Copper/Gold deposit. All of this data is
currently being interpreted and results are expected later in the
first quarter 2004.

As part of the Joint Ventures objective to develop new targets to
complement the known deposit areas, a systematic mapping and rock
chip sampling programme was initiated during the quarter. To date
a total of 243 rock chip samples and 61 trench samples have been
collected. Results will be disclosed when all results have been
received and analysed expected later in the first quarter 2004.

Sunridge Gold Corp. is a well-funded Canadian public company
focused on the exploration and development of copper and gold
properties in Eritrea, northeast Africa.

SUNRIDGE GOLD CORP.

Michael Hopley, Chief Executive Officer

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Sunridge Gold Corp.
Don Halliday
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.sunridgegold.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.



--------------------------------------------------------------------------------

[Ed Monton]

Nevsun Resources Ltd.: 30,000 Meter Drill Program
Underway at Bisha Project, Eritrea

VANCOUVER, BRITISH COLUMBIA--Nevsun Resources Ltd. (NSU-TSX) is
pleased to announce that drilling at its Bisha Main high-grade
gold/copper/zinc volcanogenic massive sulphide deposit (VMS) in
Eritrea has re-started. Two diamond drills are currently
operational and will be joined by a combination reverse
circulation drill in the next few weeks. The current program
scheduled through to June comprises a minimum of 20,000 meters of
diamond drilling and 10,000 meters of reverse circulation
drilling. The objectives of the current program are to:

- Delineate the Bisha Main and NW Zone deposits to a drill
density that will allow a third party resource/reserve estimate.

- Explore the direct southern extension of the Bisha Main deposit
where a gravity anomaly was recently defined over an additional
2.0 km strike length coincident with an airborne and ground EM
anomaly.

- Drill test a newly identified gravity anomaly coincident with a
gold-base metal soil anomaly located to the southeast of the
known Bisha Main massive sulphide.

- Determine the extent of the gold in disseminated sulphides
within the NW Zone and determine the extent of the copper bearing
massive sulphide mineralization in this area

- Commence the metallurgical, environmental, hydrological and
geotechnical studies required for a feasibility study of the
initial Bisha Main gold-copper discovery.

Recent drill results (such as drill holes B-117 and B-121
reported in press release dated 12 January 2004) have indicated
that the base metal component of the southern portion of the
Bisha Main deposit is increasing in width and is open at depths
beyond 200 meters vertical. The results from hole B-121 returned
66.6 meters averaging 9.1% Zn and 0.94% Cu and B-117 returned
81.9 meters averaging 1.62% Cu and 3.05% Zn. Both intersections
display significant precious metal credits. Additional drilling
to depth is planned early in the current program to test the down
dip extent of the deposit.

Drill results from the NW Zone have indicated that there are
significant gold values associated with disseminated sulphides
that are proximal to the main NW massive sulphides zone. These
disseminated sulphide intersections were reported in press
release dated 1 December 2003 with hole B-75 returning 14.0 g/t
Au over 15.0 meters and B-70 averaging 14.3 g/t Au over 3.0. An
additional disseminated mineralized zone to the west has returned
7.3 g/t Au over 4.3 meters (B-70) and 6.7 g/t over 4.5 meters
(B-75). Additional drilling is planned to further delineate and
extend these zones.

Recent geophysical surveys (gravity and EM) and soil sample
results from the southern end of the Bisha Main deposit indicate
co-incident anomalies for at least 2.0 km from the last drilling
in this area (the 2.0 km being the extent of the gravity survey
to date). During the current campaign the gravity survey will be
extended further south to cover the continuing EM anomaly.
Exploration drilling will take place to test these anomalies in
anticipation of expanding the mineralized zone to the south.

A recent structural interpretation indicates that the southern
portion of the Bisha Main and the NW Zone may be directly related
having been displaced by later faulting. A newly defined
coincident gravity anomaly and gold-base metal soil anomaly
located 1.6 km to the southeast of the Bisha Main Zone may be
similarly related to the northern portion of the Bisha Main
deposit. The geochemical anomaly covers a strike length of 1.0
kilometers and the coincident gravity anomaly, which lies at the
edge of the gravity survey data collected to date, may have
similar dimensions. This hypothesis of this newly defined zone
having a relation with the Bisha Main will be drill tested once
additional gravity work has been done to more accurately define
specific drill sites. The additional gravity work will start
immediately.

The reverse circulation drilling will concentrate on the near
surface high-grade gold horizon and the underlying supergene
copper horizon of the Bisha Main It is anticipated that increased
drill recoveries will assist in upgrading the gold and supergene
copper resources.

Preliminary metallurgical test work is currently being carried
out on the primary massive sulphide mineralization to get an
initial concept of this material's amenability to be recovered
using conventional processing methods. Past metallurgical work
focused on the oxide gold and supergene copper mineralized zones.


The resource statement originally scheduled for the first quarter
of 2004 is scheduled for completion in the second quarter in
order that sufficient data is accumulated to advance the
statement to a feasibility level. Additional work with respect to
specific gravity determinations and geotechnical measurements
will be continued during the current program. Environmental
studies and hydrological work will also being implemented in
order that a feasibility study can be underway before the end of
the year.

A total of 146 diamond drill holes totaling 19,181 meters have
been drilled at Bisha to date. The Bisha Main zone has been
drilled over a strike length of 1,100 meters with massive
sulphide mineralization being intersected to a vertical depth of
225 meters. Oxidation of the primary massive sulphides has
developed a gold enriched oxide layer from surface to a typical
depth of 35m which overlies a further 30m of supergene copper
enriched massive sulphides. Within the underlying primary massive
sulphides very significant copper and high grade zinc zones have
been recognized.

Bill Nielsen, Vice-President of Exploration for Nevsun, a
qualified person under National Instrument 43-101, supervised and
directed all work associated with the drilling program. Nevsun
implemented a QA/QC program, consisting of certified standards,
for the drill program. The analytical methods used for gold and
silver are fire assay with atomic absorption or gravimetric
finish. Induced Coupled Plasma (ICP) is used for silver trace
level values. The analytical methods used for the base metals are
aqua-regia digestion and atomic absorption finish or ICP for
trace level values. Sample preparation and analysis were
conducted at ALS Chemex of Vancouver, Canada.

John Clarke, President of Nevsun states, "I am very pleased with
the progress at Bisha to date. The overall aim of the current
program is to bring the property to commercial production in as
short a time frame as possible. It is envisaged that the first
stages of production will come from the surface gold bearing
oxides and underlying near surface supergene copper sulphides of
the Bisha Main deposit. These could in turn provide future
funding for the mining of the copper and zinc bearing primary
sulphides."

Forward Looking Statements: The above contains forward looking
statements that are subject to a number of known and unknown
risks, uncertainties and other factors that may cause actual
results to differ materially from those anticipated in our
forward looking statements. Factors that could cause such
differences include: changes in world gold markets, equity
markets, costs and supply of materials relevant to the mining
industry and the Company's projects, change in government and
changes to regulations affecting the mining industry. Although we
believe the expectations reflected in our forward looking
statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or
achievements.

NEVSUN RESOURCES LTD.

Dr. John A. Clarke, President & Chief Executive Officer

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Nevsun Resources Ltd.
Don Halliday
Manager, Investor Relations
[phone] or 1-888-600-2200
Email: [e-mail]
Website: www.nevsun.com