Sidon International Resources

Sidon International Resources

March 08, 2011 14:40 ET

Sidon Reports on Drilling and Extends Drilling Program


Sidon International Resources Corp. ("the Company") reports that after completing its sixth shallow hole on the property an additional four deeper drill holes were carried out in the area of the identified structural break at the primary artisanal mine.

The Company contractor AFGF (Tanzania) Ltd. reports that it has identified the vein mineralization adjacent to and associated with the workings in these subsequent drill holes, and is developing a model of the relationship to the zones of disseminated sulphides intersected in the first six drill holes. Since the zones appeared to be associated with the east-west structure, the contractor felt it necessary to change the depth and orientation of the drilling to better intersect the structure and determine the vein orientation.

The completed geophysics, geochemical sampling and geological mapping have outlined this major east-west structural break associated with a regional folding pattern that puts the artisanal workings at the nose of the anticlinal feature associated with the structural break. Its close association with the high-grade vein being developed by the local miners is being investigated by this additional drilling.

The Company contractor has initiated cutting and sampling the total length of each of these additional holes, and all samples are being sent to ALS Chemex in Mwanza for analysis.

The structure cuts across the placer gold valley and could be the source for the placer alluvium in this valley as well as the major stream and river valleys on all sides of this ridge. It is thought to represent the east-west anticline that has affected the areas of mineralization and concentrated it along the fold axis. That a series of these mineralized anticlines runs along the north-south primary strike of the main rock formation remains to be determined.

Confirmation of the anticline association with the gold mineralization was indicated in the first 2 drill holes (MLAFD 001 and 002) that were drilled between 75-100 m and 150 m, respectively, southeast of the workings and intersected the south limb of the anticline mineralization.

MLAFD 001: 44 m – 47 m = 3 m @ 1.7 g/t Au (including 1 m of 3.82 g/t Au)

MLAFD 002: 32 m – 35 m = 3 m @ 0.4 g/t Au (including 1 m of 1.13 g/t Au)

The lower gold content as one moves away from the central part of the anticline is consistent with the model being developed.

Drill holes MLAFD 003 (150 m north of the workings), MLAFD 004 (350 m southeast of the workings) and MLAFD 006 (970 m southeast of the workings) intersected trace amounts of gold although the base metal content was increasing to the south.

Drill hole MLAFD 005 (550 m southeast of the workings) intersected a small zone that could represent the limb of a parallel anticline to the one where the workings are located.

MLAFD 005: 127 m – 128 m = 1 m @ 0.2 g/t Au

AFGF president Laurence Stephenson said, "The amount of gold being seen in the placer encourages us to think that this previously unidentified structural association is related to the known hard rock mineralization. As most known mineral occurrences of this nature usually have several drill programs to follow up and this is the first exploration completed on the property, it is an important development unraveling the complex geology as it relates to the mineralization. By stepping out and drilling the whole length of the known ridge (1,100 m for the whole strike length) we have been able to get a better understanding of the area especially with respects to structural deformation that often plays a major role in mineralization. We have to continue to investigate the down dip extent of the zone. Furthermore by developing the placer gold alluvium we should be able to identify the additional structures that are associated with the mineralization."

As well as drilling, additional trenching is being conducted along the east and west extension of this anticline and along the north-south ridge to identify additional structures associated with soil gold geochemistry, especially where it is associated with the known placer gold.

The content of this release has been reviewed and approved by Laurence Stephenson, P.Eng., a qualified person as defined by National Instrument 43-101.


Kamal Alawas, President and Director

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