SNU Sanu Resources Ltd Com Npv

Sanu Resources Ltd. ("Sanu") (TSX VENTURE:SNU) is pleased to announce the start
of a new drilling campaign on newly discovered prospects on trend with the
Company's Hambok VMS copper/zinc deposit in western Eritrea. The initial program
has been budgeted for 2000m of diamond drilling with plans to add drilling to
immediately follow up any encouraging results. The program is expected to be
complete before the start of the summer rainy season at the end of June.


The current drill campaign will test conductors identified by recently completed
ground EM and gravity surveys which were run along strike from the Hambok
deposit. Hambok is a significant massive sulfide body measuring approximately
1000m long by 300m down dip by 10-50m thick. The results of the geophysical
surveys show a number of strong EM conductors coincident with the strike
extension of the Hambok stratigraphy and a strong structural trend ("the Hambok
trend") that is visible on regional gravity maps (see attached map). Recent
trenching through alluvium on the "Hambok trend" in the Aderat area located
approximately 4.5km north of Hambok, revealed two gossan horizons approximately
3-5 meters thick hosted within a chlorite and hematite altered felsic tuff that
is approximately 30 meters thick. The subcropping gossans dip to the west and
are on the flank of a broad gravity high which currently cannot be explained by
local topography or lithology. Gravity highs are coincident with massive sulfide
mineralization at Hambok and Nevsun Resources' nearby Bisha Deposit.


The initial phase of the drill program will target the Aderat gossan horizon and
associated EM anomaly as well as other EM anomalies and gravity highs along the
"Hambok trend". The remainder of the drill program will test a number of
significant new gossan discoveries in the northern part of Sanu's exploration
license.


Dr. Demetrius Pohl, Ph.D., a Qualified Person as defined by National Instrument
43-101 and Vice President of Exploration for the Company, has reviewed and
verified the technical information contained in this news release.


On Behalf of the Board,

Wojtek A. Wodzicki, President and CEO

To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/Sanu%20Map.pdf


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.

Sanu Resources Ltd Com Npv (TSXV:SNU)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Sanu Resources Ltd Com Npv (TSXV:SNU)
Historical Stock Chart
Von Jul 2023 bis Jul 2024