Friday 4th May, 2007 ASX Announcement Encouraging results from Mabale Hills Gold Project in Tanzania Sub-Sahara Resources (ASX:SBS) is pleased to announce the results from the first two reverse circulation drill holes at the Mwamazengo gold discovery have further confirmed the gold prospectivity of the area. The results are as follows: • Drill hole MBNR021 returned a single intercept of 15 metres grading 4.7 g/t gold from 18 metres (including 3 metres grading 9.65g/t gold); • Drill hole MBNR022 returned 3 separate intercepts: o 5 metres grading 1.22g/t gold from 9 metres o 6 metres grading 1.46g/t gold from 31 metres o 6 metres grading 2.09g/t gold from 63 metres. Note: All results are uncut with a maximum of 1 metre internal dilution with true widths unknown. All samples are Fire assays on 1 metre intervals and processed at the Humac Laboratory in Mwanza, Tanzania. Both drill holes tested the up-dip potential of the Mwamazengo zone and have confirmed the mineralisation. Sub-Sahara Chief Executive Officer Michael Griffiths said, “We’re encouraged by these preliminary results. Reverse circulation drilling pre-collars with diamond tails are in progress and further results will be announced over the coming weeks.” For and on behalf of Sub-Sahara Resources NL M.R. Griffiths CEO - Director Website: www.subsahara.com.au ENDS FOR FURTHER INFORMATION: Michael Griffiths, CEO Sub-Sahara Resources [email protected] Ph: +61 8 9227 3260 Jill Thomas Professional Public Relations (WA) [email protected] Ph: +61 8 9388 0944
2 Editor's notes: About Sub-Sahara Sub-Sahara Resources is an ASX listed company (ASX: SBS) with interests in a number of highly prospective and rapidly expanding African projects, including the Nyanzaga joint venture with Barrick Gold, Lake Victoria joint venture with Currie Rose Resources and the Nyakufuru joint venture with Resolute Mining (all in Tanzania) and the Zara joint venture in Eritrea. The company holds an equity interest in Currie Rose Resources Inc with allocation of 7.6million shares in Sunridge Gold Corp. About Mabale Hills The Mabale Hills project consists of six licenses and one application covering 261 square km. The licences are characterised by steeply dipping, highly deformed banded ironstone formations (BIF's) surrounded by acid volcanics, with granitoids to the west and east. Gold mineralisation has been identified in quartz veins and disseminated in BIF's and cherts. Previous exploration has generated a number of significant drill targets including the colonial Mwamazengo gold mine and the Sisu River anomaly that lies along strike for the +500,000oz Kitongo gold discovery owned by Canadian company Iamgold Corporation. Figure 1: Mabale Hills Project location Competent person statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr M R Griffiths, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Griffiths is a full-time employee of Sub-Sahara Resources NL. Mr Griffiths has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Griffiths consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
SBS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
