Eritrea Resource play (ERP)

[Ed Monton]

Sanu Resources provides overview of Eritrean drilling


2005-11-15 17:29 ET - News Release

Mr. Michael Winn reports

SANU RESOURCES LTD.: ERITREA UPDATE

Sanu Resources Ltd. has completed the initial drilling on the Bisha North prospect on the Kerkebet River exploration licence and the Mai Malih and Ashelli prospects on the Mogoraib River exploration licence. The company has also initiated drilling on its gold projects within the Fanco and Guluj licences.

VMS drilling

At Bisha North, eight diamond drill holes for a total of 1,597 metres were drilled to test pyritic siliceous rocks and gossan horizons associated with coincident gravity and EM anomalies in felsic tuffs and volcanics. The drilling encountered disseminated sulphide mineralization, as well as massive sulphide and stringer mineralization. Although pyrite was the dominate sulphide encountered, significant sphalerite and chalcopyrite mineralization was also present in certain horizons. The drilling to date has indicated a small volume of massive and disseminated sulphide mineralization.

At Mai Melih, three diamond drill holes for a total for 510 metres were drilled to test the exposed gossan horizon. Drilling encountered disseminated sulphide (dominantly pyrite) mineralization in graphitic metapelites and narrow stringers of galena mineralization. The economic potential of Mai Melih seems limited although the widely spaced drill holes have only tested 500 metres of strike length.

At Ashelli, four diamond drill holes for a total of 618 metres tested a gossan and siliceous horizon, where surface soil sampling has identified an anomalous zone of oxide copper and gold mineralization. Drilling encountered a corresponding oxide zone extending to about 100 metres below the surface, as well as a disseminated and stratiform sulphide mineralization (pyrite, chalcopyrite, and sphalerite) at depth. Approximately 100 metres of more than 800 metres of strike length of exposed prospective horizon has been tested.

Approximately half of the drill core samples have been sent to Genalysis Laboratories in Australia for analysis with the remaining samples to be sent over the next two weeks. The company anticipates releasing results upon receipt of all the samples which should occur sometime in December.

Gold drilling

The company has completed three RC drill holes (200 metres) on the Melhoy gold prospect to test this extent of gold mineralization discovered during last season's drilling and four holes (about 250 metres) on the Adi Kelbay quartz vein swarm on the Fanco licence. RC drilling is continuing on the Adi Kelbay and Hablesh South prospects where rock chip sampling of quartz veins have returned up to 10 grams to 32 grams per tonne in gold. Upon completing the drilling on Adi Kelbay and Hablesh south, the rig will return to Melhoy to continue testing the extent of the mineralized zone.

Dr. Demetrius Pohl, a qualified person as defined by National Instrument 43-101 and vice-president of exploration for the company, has reviewed and verified the technical mining information contained in this news release.