Sanu Resources Ltd.

Published : November 26th, 2007

Announces Drill Program in Burkina Faso

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 

SANU ANNOUNCES DRILL PROGRAM IN BURKINA FASO

 

November 26, 2007 (SNU – TSX-V) .... Sanu Resources Ltd. (“Sanu” or “the Company”) is pleased to announce that it plans to conduct an initial 2000 meters of reverse circulation drilling on its Nyieme gold project located in Burkina Faso, West Africa beginning in early  December, 2007.

 

The Nyieme prospect consists of a series of en echelon quartz veins which intermittently outcrop over a strike length of 1.8km. The exposed part of the vein system has seen previous artisanal mining. Mineralization is hosted in quartz veins in early Proterozoic metamorphic rocks and the general geological setting is similar to that which hosts the major greenstone gold deposits in neighboring Ghana and Mali

 

Of sixty seven (67) grab and rock chip samples taken from artisanal pits on the outcropping portion of the quartz vein system at Nyieme, a significant number of them returned gold assay values ranging from 1 to 107g/t over a strike length of 1.8km.  The strongest assay values were associated with quartz veins ranging from 1-5m wide. The results are considered sufficiently encouraging to justify drill testing the quartz vein system below the level of artisanal mining and along strike under shallow cover.

 

Float mapping and regional soil sampling on a 400m x 100m grid and suggest that the vein system extends to the south for at least an additional 4km.  A gradient array IP survey is in progress to better define the quartz vein system under cover in areas of anomalous soil geochemistry and define possible parallel vein strands.

 

Other gold bearing quartz veins in the western portion of the Nyieme permit also returned strongly anomalous gold values and these are being followed up by detailed sampling and mapping.

 

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.  The rock chip samples were analysed by fire assay with AAS finish in the SGS laboratories in Ouagadougou and Tarkwa.

 

On Behalf of the Board,

 

Wojtek A. Wodzicki

President and CEO

 

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

 

Sanu Resources Ltd.

EXPLORATION STAGE
CODE : SNU.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sanu Resources is a zinc and gold exploration company based in Canada.

Sanu Resources holds various exploration projects in Burkina Faso and in Eritrea.

Its main exploration properties are MOULE and KODYEL in Burkina Faso and GULUJ and MOGORAIB in Eritrea.

Sanu Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 16.0 millions as of today (US$ 16.0 millions, € 11.2 millions).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 2.65, and its lowest recent point on December 05, 2008 at CA$ 0.06.

Sanu Resources has 50 043 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Sanu Resources Ltd.
1/21/2008 CORPORATE UPDATE
12/4/2007ACQUIRES COPPER/ZINC PROSPECTING LICENSE IN REPUBLIC OF CONG...
11/26/2007Announces Drill Program in Burkina Faso
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SNU.V)Other OTC (SNULF)
0.320+0.00%0.258-26.43%
TSX-V
CA$ 0.320
08/26 16:50 -
0%
Prev close Open
0.320 0.320
Low High
0.320 0.320
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.320 -%
Volume 1 month var.
10,000 -%
24hGold TrendPower© : 38
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.22+1.63%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+2.59%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.46-2.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.79-1.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.82-4.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.80+0.72%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :