Wednesday, December 30, 2009

Sub-Sahara Resources N.L. (ASX: SBS)

Sub-Sahara Resources N.L. is an Australian junior exploration company based in Perth, Western Australia.

The Company has an exploration focus in Eritrea and Tanzania – Nyanzaga.

Nyanzaga Project (PL1501/2000, PL1700/2001, PL1772/2001) - 91% & PL1596/2000 - 90%

The four licences that make up this project are located approximately 50km southwest of Mwanza and about 40km northeast of the 16.4Million ounce (Moz) Bulyanhulu Gold Mine. The project covers part of the easterly extremity of the Archaean Sanza-Geita greenstone belt and is dominated by Nyanzian Group lithologies made up of felsic volcanics, massive and laminated tuffs, coarse grained pyroclastics and banded iron formations (BIF).

Placer Dome Africa Limited (“Placer”), a subsidiary of Placer Dome Inc, funded a further US$250,000 (A$470,000) of exploration consisting of 1,325.22 metres of diamond drilling in four new drill holes and three extensions to earlier diamond drill holes, with drilling designed to further test both the Tusker and Serengeti Zones.

Sub-Sahara confirms that the assay results from all 7 holes further support the broad +120 metre wide zone of gold mineralisation at Tusker and the drill holes verify an open strike length of over 450 metres. Potential to extend the Tusker zone both along strike and at depth remains strong.

Management Team:

Mr. Henry David Kennedy
Chairman

Mr. Michael Richard Griffiths
CEO

Mr. Desmond John Foynes
Director

Mr. Peter Lawson Munachen
FCA, FAICD

Mr. Alasdair Smith
Exploration Manager

Head Office:
Perth Business Centre
Western Australia 6849
Telephone: +61 8 9227 3260 +61 8 9227 3260

http://chalicegold.com/

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