Lundin gives review of Sanu's latest news makers
2005-07-28 22:27 ET - In the News
In the July, 2005, edition of the Gold Newsletter, Brien Lundin gives a brief review of Sanu Resources Ltd.'s recent exploration efforts, which has made some news in the past weeks. Mr. Lundin said buy Sanu, now trading at 72 cents, at $1.85 in July, 2004. An investment of $1,000 would now be worth a questionable $379.44. The letter writer delves first into the company's Eritrean holdings, where regional prospecting in Kerkebet and Mogoraib has turned up 10 volcanic massive sulphide deposits. Sanu is drill testing two of the most promising of these anomalies. It will throw in about 1,000 metres of drilling at the Bisha North target, which is on strike with Nevsun Resources Ltd.'s Bisha deposit. Meanwhile the 1732 EM anomaly 14 kilometres to the north will also see Sanu's drill bit. The company will conduct surface preparation and ground surveying at the other targets. For now, the company cannot work too fast because of the rainy season, but drilling should expand quite a bit after September. In Burkina Faso, Sanu is also doing some preparation work at its Moule gold prospect. Moule, the company's latest purchase, lies south of the Poura gold mine and has seen much artisanal mining.
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