Sub-Sahara Resources NL
Sub-Sahara Resources NL english
Adi Rassi License awarded to Sub-Sahara in Eritrea
Corporate-news announcement processed and sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Monday, 17 November 2003
ASX Companies Announcements
Release via ASX Online
Adi Rassi License awarded to Sub-Sahara in Eritrea
Sub-Sahara is pleased to announce that the Government of Eritrea has awarded the
Adi Rassi License to the Sub-Sahara Resources (Eritrea) Limited. This license
covering approximately 150.9 km2 will form part of the Sunridge- Africa Wide
Asmara Joint Venture.
The Adi Rassi License parallels the Debarwa License and hosts the Adi Rassi
Copper occurrence as well as the Torat Colonial gold mine. Furthermore, the area
covers the Gaala Valley where gold is reported to have been mined intermittently
over several hundred years.
Sub-Sahara believes that this license will add significant potential to the
already exciting Asmara project.
The new area will be included in the recently commenced 200 metre spaced
Airborne EM survey.
The EM survey is likely to be completed over the next 4 to 5 weeks and is
expected to generate significant VMS targets for follow up work early next year.
For and on behalf of
Sub-Sahara Resources NL
M.R. Griffiths
CEO – Director
For further information please e-mail Michael Griffiths ( mrg@subsahara.com.au )
or Colin Crabb ( ccrabb@multiline.com.au ), or contact by phone on
61-8-9228 1266 or visit our website: http://www.subsahara.com.au
end of message, (c)DGAP 17.11.2003
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WKN: 895112; ISIN: AU000000SBS5; Index:
Listed: Freiverkehr in Berlin und Frankfurt
170802 Nov 03
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