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


Sanu Resources Ltd Com Npv (TSXV:SNU)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Sanu Resources Ltd Com Npv.
Sanu Resources Ltd Com Npv (TSXV:SNU)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Sanu Resources Ltd Com Npv.