Sub-Sahara Resources NL
Sub-Sahara Resources NL: Barrick Media Statement regarding Nyanzaga
Corporate-news processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Barrick Media Statement regarding Nyanzaga
Joint Venture
Joint Venture partner Barrick Exploration Africa Limited (BEAL), has stated to
the North America media “that it has completed 24 pre-collared core holes
testing the Tusker prospect situated within the Nyanzaga Project in Tanzania.
The BEAL drilling totalling 8,368 metres has confirmed the broad, low grade
gold mineralization intersected by previous drilling with holes intersecting
greater than 50 metres (true width) of visually mineralised core extend over
500 metres of strike and 400 metres depth.
The southern extension is overlain by a barren / weakly mineralised magnetic
siltstone unit up to 300m thick. Mineralisation is exposed in the northern
part of the trend.
Assay results are pending for the majority of the drill holes, but
intersections to date include:
DDH21 313m (down hole depths) @ 1.17g/t Au (30g/t top cut; 0.5g/t cut-off but
includes zones of internal dilution up to 9m wide).
Preliminary metallurgical tests suggest good recoveries in both the oxide and
primary mineralisation.
Five core rigs are currently active and will continue drilling into December.
An infill program will be conducted in the first half of 2006”.
BEAL has the right to earn 70% of Sub-Sahara’s interest by completing a
bankable feasibility study and Sub-Sahara will retain a 27.3% contributing
interest at that time.
For and on behalf of
Sub-Sahara Resources NL
M.R. Griffiths
CEO – Director
For further information please e-mail Michael Griffiths
(enquiries@subsahara.com.au ) or contact by phone on 61-8-9227 3260
http://www.subsahara.com.au
# Reported in accordance with the Aus. IMM “Australasian Code for Reporting of
Identified Mineral Resources and Ore Reserves” and is based on information
complied by Mr M.R. Griffiths, a competent person as defined by the Code and a
Member of Australasian Institute of Mining & Metallurgy. Mr Griffiths is
employed by Sub-Sahara Resources NL and has consented to the information in
the form and context in which it appears.
End of announcement (c)DGAP 06.12.2005
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WKN: 895112; ISIN: AU000000SBS5; Index:
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