Sanu Resources Ltd.
TSX VENTURE : SNU

Sanu Resources Ltd.

November 15, 2005 17:00 ET

Sanu Resources Ltd.: Eritrea Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - Sanu Resources Ltd. (the "Company" or "Sanu") (TSX VENTURE:SNU) is pleased to announce that it has completed the initial drilling on the Bisha North prospect on the Kerkebet River Exploration License and the Mai Malih and Ashelli prospects on the Mogoraib River Exploration License. The Company has also initiated drilling on its gold projects within the Fanco and Guluj licenses.

VMS Drilling

At Bisha North, eight diamond drill holes for a total of 1597 meters were drilled to test pyritic siliceous rocks and gossan horizons associated with coincident gravity and EM anomalies in felsic tuffs and volcanics. The drilling encountered disseminated sulfide mineralization, as well as massive sulfide and stringer mineralization. Although pyrite was the dominate sulfide encountered, significant sphalerite and chalcopyrite mineralization was also present in certain horizons. The drilling to date has indicated a small volume of massive and disseminated sulfide mineralization.

At Mai Melih, three diamond drill holes for a total for 510 meters were drilled to test the exposed gossan horizon. Drilling encountered disseminated sulfide (dominantly pyrite) mineralization in graphitic metapelites and narrow stringers of galena mineralization. The economic potential of Mai Melih seems limited although the widely spaced drill holes have only tested 500 meters of strike length.

At Ashelli, four diamond drill holes for a total of 618 meters tested a gossan and siliceous horizon where surface soil sampling has identified an anomalous zone of oxide copper and gold mineralization. Drilling encountered a corresponding oxide zone extending to about 100 meters below the surface as well as a disseminated and stratiform sulfide mineralization (pyrite, chalcopyrite, and sphalerite) at depth. Approximately 100 meters of more than 800 meters of strike length of exposed prospective horizon has been tested.

Approximately half of the drill core samples have been sent to Genalysis Laboratories in Australia for analysis with the remaining samples to be sent over the next two weeks. The Company anticipates releasing results upon receipt of all the samples which should occur sometime in December.

Gold Drilling

The Company has completed three RC drill holes (200 meters) on the Melhoy gold prospect to test this extent of gold mineralization discovered during last season's drilling and four holes (about 250 meters) on the Adi Kelbay quartz vein swarm on the Fanco License. RC drilling is continuing on the Adi Kelbay and Hablesh South prospects where rock chip sampling of quartz veins have returned up to 10 to 32 grams per tonne in gold. Upon completing the drilling on Adi Kelbay and Hablesh south, the rig will return to Melhoy to continue testing the extent of the mineralized zone.

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.

Sanu is a mineral exploration company focused on the acquisition, exploration and discovery of world-class gold and base metal deposits in Africa and is currently exploring in Eritrea and evaluating exploration opportunities in West Africa and Morocco. The Company has approximately 17.6 million shares outstanding and trades on the TSX Venture Exchange under the symbol SNU. For additional information on the Company and its exploration projects please visit our website at www.sanuresources.com.


The TSX Venture does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sanu Resources Ltd.
    Michael Winn
    President
    (949) 494-6431
    or
    Sanu Resources Ltd.
    Kim Casswell
    Corporate Secretary
    (604) 688-2199
    www.sanuresources.com