Drilling Underway on Newly Discovered Aderat Targets North of Hambok Copper/Zinc Deposit in Eritrea
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MAY 5, 2008 - 11:10 ET
Sanu Resources Ltd.: Drilling Underway on Newly Discovered Aderat Targets North of Hambok Copper/Zinc Deposit in Eritrea
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - Sanu Resources Ltd. ("Sanu") (TSX VENTURE:SNU) is pleased to announce the start of a new drilling campaign on newly discovered prospects on trend with the Company's Hambok VMS copper/zinc deposit in western Eritrea. The initial program has been budgeted for 2000m of diamond drilling with plans to add drilling to immediately follow up any encouraging results. The program is expected to be complete before the start of the summer rainy season at the end of June.
The current drill campaign will test conductors identified by recently completed ground EM and gravity surveys which were run along strike from the Hambok deposit. Hambok is a significant massive sulfide body measuring approximately 1000m long by 300m down dip by 10-50m thick. The results of the geophysical surveys show a number of strong EM conductors coincident with the strike extension of the Hambok stratigraphy and a strong structural trend ("the Hambok trend") that is visible on regional gravity maps (see attached map). Recent trenching through alluvium on the "Hambok trend" in the Aderat area located approximately 4.5km north of Hambok, revealed two gossan horizons approximately 3-5 meters thick hosted within a chlorite and hematite altered felsic tuff that is approximately 30 meters thick. The subcropping gossans dip to the west and are on the flank of a broad gravity high which currently cannot be explained by local topography or lithology. Gravity highs are coincident with massive sulfide mineralization at Hambok and Nevsun Resources' nearby Bisha Deposit.
The initial phase of the drill program will target the Aderat gossan horizon and associated EM anomaly as well as other EM anomalies and gravity highs along the "Hambok trend". The remainder of the drill program will test a number of significant new gossan discoveries in the northern part of Sanu's exploration license.
Dr. Demetrius Pohl, Ph.D., a Qualified Person as defined by National Instrument 43-101 and Vice President of Exploration for the Company, has reviewed and verified the technical information contained in this news release.
On Behalf of the Board,
Wojtek A. Wodzicki, President and CEO
To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/Sanu%20Map.pdf
This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sanu Resources Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
Website: www.sanuresources.com
The current drill campaign will test conductors identified by recently completed ground EM and gravity surveys which were run along strike from the Hambok deposit. Hambok is a significant massive sulfide body measuring approximately 1000m long by 300m down dip by 10-50m thick. The results of the geophysical surveys show a number of strong EM conductors coincident with the strike extension of the Hambok stratigraphy and a strong structural trend ("the Hambok trend") that is visible on regional gravity maps (see attached map). Recent trenching through alluvium on the "Hambok trend" in the Aderat area located approximately 4.5km north of Hambok, revealed two gossan horizons approximately 3-5 meters thick hosted within a chlorite and hematite altered felsic tuff that is approximately 30 meters thick. The subcropping gossans dip to the west and are on the flank of a broad gravity high which currently cannot be explained by local topography or lithology. Gravity highs are coincident with massive sulfide mineralization at Hambok and Nevsun Resources' nearby Bisha Deposit.
The initial phase of the drill program will target the Aderat gossan horizon and associated EM anomaly as well as other EM anomalies and gravity highs along the "Hambok trend". The remainder of the drill program will test a number of significant new gossan discoveries in the northern part of Sanu's exploration license.
Dr. Demetrius Pohl, Ph.D., a Qualified Person as defined by National Instrument 43-101 and Vice President of Exploration for the Company, has reviewed and verified the technical information contained in this news release.
On Behalf of the Board,
Wojtek A. Wodzicki, President and CEO
To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/Sanu%20Map.pdf
This news release contains forward-looking statements concerning the Company's plans for its properties. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sanu Resources Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
Website: www.sanuresources.com
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