Sanu Resources Ltd.: New Gold/Copper/Lead/Zinc Zones Discovered in Eritrea
VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 19, 2008) – Sanu Resources Ltd. (“Sanu”) (TSX VENTURE:SNU) is pleased to announce the discovery of a new gold and base metal anomalous massive sulfide gossan trend in the Koken area of its Kerkebet River exploration license (see attached map) in northeastern Eritrea. This discovery, 85 km north of Sanu’s Hambok deposit, potentially marks the identification of an entirely new volcanic-hosted massive sulfide (VHMS) district in Eritrea. The gossan occurrences crop out over a strike length of 4.5 km with the individual gossan zones up to 11m wide in outcrop and up to 400m long. Zones of massive barite mineralization up to 5m wide as well as disseminated barite in gossan occur toward the northern end of the trend. True thicknesses have not yet been estimated.
Rock chip analyses of more than 80 gossan outcrop samples from the Koken trend returned strongly anomalous values in gold, copper, zinc, and lead in the majority of samples, with peak assay values of 36.9g/t for gold, 4337 ppm copper, 6101 ppm zinc and 5633 ppm lead. The rock samples cover the Koken prospect strike length of approximately 4.5km.
The geochemical results from the Koken gossans show similarities with the gold-bearing gossan of Nevsun’s Bisha deposit and also to those being mined for gold in the Ariab district in the Sudan.
The Koken gossans occur in a sequence of metamorphosed dominantly felsic bimodal volcanic rocks that are coincident with a Landsat image analysis anomaly, shown in green on the attached map. The Landsat anomaly appears to be tracking hydrothermal alteration associated with the mineralized gossan outcrops. The prospect area lies on the west limb of a north plunging syncline. Early stage prospecting and mapping on the east limb, 4km to the northeast, and on a parallel structure 2km to the north has found rocks, alteration, and new gossan outcrops similar to those at Koken. Preliminary sampling results from the gossans also show anomalous Cu, Au, and Zn content.
Drilling of nine reconnaissance diamond core holes is underway on the Koken prospect and is expected to be completed before the end of this field season in early July.
Samples were sent for crushing to Africa Horn Laboratories in Asmara, Eritrea who then directly air-freighted the crushed samples to Genalysis Laboratories in Perth, Western Australia. Rocklabs gold reference standards were included randomly in the sample stream at the rate of 5 per 100 samples. Genalysis Laboratories completed final grinding prior to assay. All splits and rejects produced during sample preparation have been retained at Genalysis Laboratories. 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.
On Behalf of the Board,
Wojtek A. Wodzicki, President and CEO
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.
To view attached maps please click on the following link: http:// media3.marketwire.com/docs/snu0619.pdf
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