Sanu Resources Ltd.
TSX VENTURE : SNU

Sanu Resources Ltd.

February 01, 2006 10:44 ET

Sanu Resources Ltd.: Eritrean Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2006) - Sanu Resources Ltd. (the "Company" or "Sanu") (TSX VENTURE:SNU) is pleased to announce the results from the ongoing exploration program in Eritrea. Through the end of 2005, the Company drilled three volcanogenic massive sulfide (VMS) prospects including Bisha North, Mai Melih, and Ashelli; drilled three gold prospects including Melhoy, Adi Kelbay, and Hablesh South; and continued mapping, gravity survey and geochemical sampling programs to better define existing prospects as well as to generate new targets.

The results from the VMS work identified an anomalous mineralized gold/silver system in oxides at Ashelli as well as anomalous zinc and copper values in the underlying sulfides. Bisha North and Mai Melih did not generate significant results, although the Company continues to evaluate the results. On the gold exploration side, encouraging results were encountered at Adi Kelbay where AKRC-001 intercepted 4 meters grading 12.8 g/t gold from 69 to 73 meters. While the results from Adi Kelbay and Melhoy suggest (at this time) the mineralized zones to be small, the proximity to each other and the additional prospectivity of the Fanco license warrants additional work.

The regional exploration work included expanded gravity surveys and soil sampling to better define the Hambok and MacNabb VMS prospects as well as other areas within Mogoraib and Kerkebet. This work has led the Company to initiate a diamond drilling program (2000 meters) to test both Hambok and MacNabb. Drilling has started and results from this work will be available sometime in March 2006.

Bisha North VMS

Eight additional diamond drill holes were drilled to evaluate gossan horizons and coincident gravity and EM anomalies. Broad zones of pyritic lapilli tuff with narrow lenses of banded to massive pyrite and stringer mineralization showing traces of sphalerite and chalcopyrite were intersected. Although broad zones of strongly anomalous zinc mineralization were intersected no economic mineralization was found. The results for all Bisha North holes drilled to date are included below. A down-hole EM survey indicated that several off-axis conductors are present (adjacent to BND-008) at depths of 150 and 240 meters. Interpretation of the data at Bisha North suggests that this area is a distal, disseminated portion of the nearby Bisha and Bisha NW systems. The Company continues to evaluate all the data with the off axis conductors adjacent to BND-008 remaining as targets.

Ashelli VMS

The Ashelli prospect consists of gossan and gossanous rocks in a sequence of felsic volcanics, graphitic schist, marble, and chert. Malachite is also present on the surface within the mineralized horizon(s). Four diamond drill holes (total of 618 meters) located in two fences approximately 175 meters apart were drilled to test this target. The drilling results have identified an anomalous mineralized gold/silver system in oxides including drill hole ASD-003 which has 22 meters of 2.02 g/t gold equivalent from 52 to 74 meters and ASD-004 which has 7 meters of 2.35 g/t gold equivalent from 22 to 29 meters. The oxide target remains intriguing as does the underlying anomalous sulfide zone. The exposed strike length of gossanous felsic volcanics is more than 800 meters. A significant gravity anomaly 200 meters to the west remains to be tested as well. Further drilling will be conducted at Ashelli.

Mai Melih VMS

Three diamond drill holes targeted the Mai Melih gossan horizon, which extends for 2 kilometers and is anomalous in base metals at the surface. The drill holes were designed to intersect the down-dip extensions of the thickest gossan exposures and under the highest grade surface samples. The drill holes intersected wide sections of pyritic argillaceous sediments with several intervals of disseminated pyrite. No significant values were encountered from this drilling. It is possible that one of the drill-holes located to test the thickest gossan horizon outcrop, missed the target due to structural complexities. The Company continues to evaluate the data, including the potential of a low-level but persistent linear gravity ridge as well as other prospects along strike to the area that was drilled. No additional drilling is planned at this time.

Hambok Prospect

The final gravity data has been received for the Hambok prospect. This survey defined a strong gravity anomaly more than 1 kilometer long and 200 meters wide with peak values greater than 1 milligal over 300 meters. This gravity anomaly lies on strike with and about 400 meters south of siliceous breccia and gossan outcrop that is coincident in part with a strong EM conductor and a train of gossan float as well as discontinuous gossan exposures in shallow stream washes. The siliceous breccia outcrops appear to be the source of a soil geochemical anomaly where values up to 0.5 g/t gold have been identified. Outcrop immediately to the west of the gravity anomaly consists of intensely chloritized and andalusite-altered volcanics with soil samples anomalous in zinc. The Company is very encouraged at Hambok and has planned 1000 meters of diamond drilling to test the gravity and siliceous breccia anomalies.

MacNabb VMS Gravity Anomaly

Soil sampling results over the MacNabb prospect are still pending but the greater than 1 milligal gravity is the strongest found to date in the Bisha North area of the Kerkebet license. Modeling of the gravity anomaly suggests a circular or tabular body 100 meters by 80 meters dipping gently to the southwest at a depth of around 130 meters below the surface. The MacNabb anomaly is the strongest of a train of anomalies striking northeast and will be drill tested in this quarter.

Melhoy Gold Prospect

The Melhoy prospect consists of a vein and veinlet swarm in sericite-albite-carbonate-pyrite altered metabasalts. The Company completed an additional seven RC drill holes (for a total of 553 meters) to test the extension of a mineralized gold zone previously identified by trenching and drilling. While anomalous, narrow zones of gold mineralization were encountered, the drilling program seems to have limited the strike extent of the mineralized zone. The results from the seven RC drill holes as well as the initial four holes are included in the table below. The Company will continue to evaluate the results to determine if additional work will be performed.

Adi Kelbay Gold Prospect

At Adi Kelbay (located 4 kilometers southwest of Melhoy), the Company completed four RC drill holes (for a total 370 meters) to test multiple quartz vein swarms anomalous in gold previously evaluated with soil, rock chips and trenching. The holes were spaced over 300 meters in strike length. The drill results suggest a boudinaged vein system exemplified by AKRC-001 which encountered narrow zones of mineralization including one from 69 to 73 meters grading 12.8 g/t gold. The results from the four RC drill holes are included in the table below. Additional work will be required to test the continuity of these zones.

Hablesh South Gold Prospect

Two RC drill holes (total 140 meters) at Hablesh South targeted quartz veins near a granite porphyry intrusive. Rock-chip samples previously collected from quartz veins yielded values ranging from less than 1 g/t to greater then 10g/tonne gold. The results from the two holes encountered narrow veins with anomalous gold values and are included in the table below. At this time no additional drilling is planned.



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From To Interval Zinc
BISHA NORTH Drill Hole (m) (m) (m) (%)
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BND-001 93.0 98.0 5.0 2.20%
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BND-002 135.0 145.0 10.0 0.35%
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179.0 181.0 2.0 1.8%
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BND-003 92.4 110.4 18.0 0.27%
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BND-004
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BND-005 38.0 41.0 3.0 0.66%
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BND-006 nsv
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BND-007 nsv
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BND-008 98.0 109.0 11.0 0.34%
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120.0 127.0 7.0 0.25%
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127.0 130.0 3.0 0.12%
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130.0 136.0 6.0 0.36%
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BND 009 nsv
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BND 010 nsv
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(i)BND-011 0.24%
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m - meters; nsv - no significant results; (i)BND-011 also had
0.16% copper


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Inter-
Drill- From To val Au Ag AuEq Zn Cu Pb
ASHELLI Hole (m) (m) (m) (g/t) (g/t) (g/t) (%) (%) (%)
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Sulfides
ASD-001 110.0 121.0 11.0 nsv nsv nsv 0.50 nsv nsv
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ASD-002 50.0 70.0 20.0 nsv nsv nsv 0.37 nsv nsv
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80.0 92.0 12.0 nsv nsv nsv 0.76 nsv nsv
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114.0 118.0 4.0 nsv nsv nsv 0.95 nsv nsv
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Oxides
ASD-003 52.0 74.00 22.00 1.58 26.95 2.02 nsv nsv nsv
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including 72.00 73.00 1.00 20.83 60.00 21.81 nsv nsv nsv
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ASD-004 14.00 21.00 7.00 nsv nsv nsv 0.30 0.37 nsv
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22.00 29.00 7.00 0.85 87.88 2.35 nsv nsv 0.36
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47.00 57.00 10.00 nsv nsv nsv 0.60 0.09 nsv
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m - meters; nsv - no sign. results; Au-gold; Ag-silver;
AuEq-gold/silver equivalent; Zn-zinc; Cu-copper; Pb-lead


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From To Interval Gold
ADI KELBAY Drill Hole (m) (m) (m) (g/t)
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AKRC-001 45.0 47.0 2.0 8.53
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64.0 65.0 1.0 5.52
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69.0 73.0 4.0 12.87
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77.0 78.0 1.0 2.15
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AKRC-002 50.0 53.0 3.0 5.57
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62.0 63.0 1.0 0.74
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AKRC-003 nsv
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AKRC-004 48.0 50.0 2.0 0.52
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m - meters; g/t - grams per tonne; nsv - no significant results


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From To Interval Gold
MELHOY Drill Hole (m) (m) (m) (g/t)
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MHRC-001 9.0 20.0 11.0 4.89
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23.0 24.0 1.0 1.20
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25.0 31.0 6.0 0.74
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31.0 33.0 2.0 4.08
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MHRC-002 63.0 67.0 4.0 1.48
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67.0 69.0 2.0 0.81
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72.0 76.0 4.0 4.82
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MHRC-003 29.0 31.0 2.0 1.39
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34.0 35.0 1.0 0.74
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47.0 48.0 1.0 9.27
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48.0 49.0 1.0 0.69
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MHRC-004 20.0 21.0 1.0 2.50
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26.0 31.0 5.0 1.86
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34.0 35.0 1.0 1.51
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38.0 40.0 2.0 5.84
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MHRC-005 nsv
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MRHC-006 46.0 47.0 1.0 1.38
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56.0 57.0 1.0 2.95
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MHRC-008 15.0 16.0 1.0 0.52
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MHRC-009 nsv
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MHRC-010 32.0 34.0 2.0 1.88
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MHRC-011 49.0 50.0 1.0 0.55
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MHRC-012 23 24 1.0 0.30
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m - meters; g/t - grams per tonne; nsv - no significant values;
MHRC -007 not drilled


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From To Interval Gold
HABLESH Drill Hole (m) (m) (m) (g/t)
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HBRC-001 24.00 25.00 1.00 2.37
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HBRC-002 19.00 20.00 2.00 1.22
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m - meters; g/t - grams per tonne; nsv - no significant values


Qualified Person/Quality Analysis/Quality Control

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. All core from diamond drill holes was visually logged in the field. Intervals with elevated sulfide content and/or altered lithologies were sawn and re-logged. Samples consisting of half the sawn core were taken from altered and high sulfide intersections in one meter intervals and submitted to Africa Horn Laboratories for crushing to -5mm. A 1 kg split of the crushed core was air-freighted to Genalysis Laboratories in Perth, Western Australia for analysis by fire assay for Au and Ag and AAS analysis for Cu, Pb, Zn, and Ni. Reverse circulation drilling samples were crushed and pulverized to -200 mesh at African Horn Laboratories in Asmara. The pulverized material was sent to Genalysis Laboratories for 50 gm fire assay for Au and Ag and AAS analysis for Cu, Pb, Zn and Ni. Approximately 5% duplicate samples and 5% standard samples were inserted in the sample stream before shipment to Genalysis.

Profile

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, West Africa and Morocco. The Company has 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