Sub-Sahara die Gelegenheit

Vor-Sub-Sahara Betriebsmittel N.L. ist eine australische Juniorerforschungfirma, die innen gegründet wird
Perth, WestcAustralien.

Die Firma hat einen Erforschungfokus - in Eritrea und in Tanzania.

 


ASX Companies Announcements
Monday 17th January 2005

Eritrean Suspension Lifted and Work to Resume


Sub-Sahara is pleased to announce that the suspension order, dated 2nd September 2004, to cease exploration activity in Eritrea, has been lifted by the Minister of Energy and Minerals and work on the Asmara and Zara Projects can resume immediately.

In a cordial meeting with the Minister of Energy and Minerals in Asmara on Friday 14th January, the Minister explained that the government had completed a detailed review of the Mining Proclamation (Mining Act) and that contrary to speculation, no changes will be made to the law. However, the optional equity participation of the government with respect to mining operations would increase from 20% to 30%.

Sub-Sahara and joint venture partner Sunridge Gold Corp. will immediately commence planning activities on the high grade Debarwa copper gold deposit and other targets within the 1,100km 2 Asmara project and further information will be released to shareholders over the coming weeks.

For and on behalf of

Sub-Sahara Resources NL


M.R. Griffiths
CEO - Director
For further information please e-mail Michael Griffiths (enquiries@subsahara.com.au ) or contact by phone on 61-8-9227 3260  

   
SUB-SAHARA RESOURCES N.L. Registered Shares o.N.  
   
   
     
17.01.05  19:32 Uhr

0,04 EUR

+21,21 % [+0,007]
 KGVe:
--
DIVe:
--
 Börse: Berlin-Bremen



Typ: Aktie   WKN: 895112  
 
 
 

 

 

Sub- Sahara heute wieder sat im Plus und die Umsätze in Australien beachtlich.    

Ein interessanter Artikel
Original-Research: Rohstoffaktien (Exploration & Mining Teil 3);MIDAS Research
 
Aktieneinstufung von MIDAS Research GmbH zu Rohstoffaktien (Kompendium Exploration & Mining Teil 3)

Unternehmen: Rohstoffaktien (Kompendium Exploration & Mining Teil 3) ISIN: CA8279062076

Anlass der Studie: 2.Kompendium Exploration & Mining Mai 2005 Empfehlung: div. seit: 10.05.2005 Kursziel: s.u. Kursziel auf Sicht von: Letzte Ratingänderung: Ersteinschätzung Analyst: Michael Drepper, Oliver Frank, Hans Peter Schmidlin

Mannheim, den 19.05.2005 Es ist nicht Gold allein, was glänzt unter diesem Titel haben die Analysten von MIDAS Research soeben ihr 2.Kompendium Exploration & Mining vorgelegt. Neben einer strategischen Analyse des Gold-, Silber- und Kupfermarktes werden die aktuellen Börsenperspektiven für den Explorationssektor beleuchtet sowie vierzehn interessante Aktien mit ganz unterschiedlichen Schwerpunkten vorgestellt. Es sind dies (Teil 3): Silverado Gold Mines (KAN)(WKN: 867 737)(Trading Buy mit Kursziel EUR 0,04 / Kurs bei Besprechung: EUR 0,033), ein auch in Deutschland seit vielen Jahren bekannter Junior Goldproduzent aus Alaska, der zudem eine chancenreiche Kohleverflüssigungstechnik entwickelt, Southern Silver Exploration (KAN)(WKN: A0B69C)(Spekulativ Kaufen mit Kursziel EUR 0,315 / Kurs bei Besprechung: EUR 0,24), ein Junior Silber-Explorer in Mexiko, dessen Management schon mehrere große Vorkommen entdeckt hat; Sub-Sahara Resources (AUS)(WKN: 895 112)(Kaufen mit Kursziel EUR 0,06 / Kurs bei Besprechung: EUR 0,027), die über diverse Joint Ventures kostengünstig an einer Reihe von Goldprojekten in Afrika beteiligt ist; Vangold Resources (KAN)(WKN: 358 668)(Kaufen mit Kursziel EUR 0,38 / Kurs bei Besprechung: EUR 0,22), ein Advanced Explorer mit einem ganzen Portfolio an aussichtsreichen Edel-, Basismetall-, Öl- und Gasvorkommen und Vedron Gold (KAN)(WKN: A0B88W)(WatchList mit Kursziel EUR 0,155 / Kurs bei Besprechung: EUR 0,10), die ihre bereits explorierten Goldvorkommen in Kanada bald in Produktion bringen möchte.


 

sub-sahara steigt weiter  

..."Wir holen uns frisches Geld rein" - Aktion
beendet ist! Sub Sahara hat wieder ausreichend
liquide Mittel und das Gold stéigt von einem
Höchststand zum nächsten! Im Moment sind wir
bei 500, das Ziel für nächstes Jahr sind 700!

Also noch jede Menge Fantasie...
Die Goldgräberstimmung bricht wieder los ;-)  

Sub-Sahara Resources NL: Barrick Media Statement regarding Nyanzaga

Corporate-news processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------

Barrick Media Statement regarding Nyanzaga
Joint Venture

Joint Venture partner Barrick Exploration Africa Limited (BEAL), has stated to
the North America media "that it has completed 24 pre-collared core holes
testing the Tusker prospect situated within the Nyanzaga Project in Tanzania.
The BEAL drilling totalling 8,368 metres has confirmed the broad, low grade
gold mineralization intersected by previous drilling with holes intersecting
greater than 50 metres (true width) of visually mineralised core extend over
500 metres of strike and 400 metres depth.

The southern extension is overlain by a barren / weakly mineralised magnetic
siltstone unit up to 300m thick. Mineralisation is exposed in the northern
part of the trend.

Assay results are pending for the majority of the drill holes, but
intersections to date include:

DDH21 313m (down hole depths) @ 1.17g/t Au (30g/t top cut; 0.5g/t cut-off but
includes zones of internal dilution up to 9m wide).

Preliminary metallurgical tests suggest good recoveries in both the oxide and
primary mineralisation.

Five core rigs are currently active and will continue drilling into December.
An infill program will be conducted in the first half of 2006".

BEAL has the right to earn 70% of Sub-Sahara´s interest by completing a
bankable feasibility study and Sub-Sahara will retain a 27.3% contributing
interest at that time.

For and on behalf of
Sub-Sahara Resources NL

M.R. Griffiths
CEO - Director
For further information please e-mail Michael Griffiths
(enquiries@subsahara.com.au ) or contact by phone on 61-8-9227 3260

http://www.subsahara.com.au


# Reported in accordance with the Aus. IMM "Australasian Code for Reporting of
Identified Mineral Resources and Ore Reserves" and is based on information
complied by Mr M.R. Griffiths, a competent person as defined by the Code and a
Member of Australasian Institute of Mining & Metallurgy. Mr Griffiths is
employed by Sub-Sahara Resources NL and has consented to the information in
the form and context in which it appears.


End of announcement (c)DGAP 06.12.2005
--------------------------------------------------
WKN: 895112; ISIN: AU000000SBS5; Index:
Listed: Open Market in Frankfurt; Freiverkehr in Berlin

Autor: import DGAP.DE (© DGAP),12:21 06.12.2005  

ASX Companies Announcements
Wednesday 07th December2005

Exceptional Results Continue at Zara

http://www.subsahara.com.au/pages/asx/2005/07dec2005_zara_results.html

ZARD003, the third of 4 diamond drill holes at the Koka prospect (Zara Gold Project) in Eritrea, has returned further, multiple high grade gold intercepts (Table 1) to add to those achieved in ZARD002, with a best intercepts of:

• 4 metres @ 34.7g/t gold
• 5 metres @ 13.95g/t gold
• 8 metres @ 6.62 g/t gold &
• 8 metres @ 11.49 g/t gold

Koka Prospect

Hole ZARD003 was drilled to a depth of 163.9 metres approximately 160 metres to the south of ZARD002 and 300m to the south of ZARD001. The hole intersected a similar zone of hydrothermal alteration characterised by carbonate/sericite/chlorite alteration, silicification and sulphidisation, as that intersected in ZARD002. In addition, anomalous values for copper, lead and zinc are associated with the high grade gold intercepts could indicate a possible volcanogenic massive sulphide (VMS) origin to the mineralisation.

Drilling of hole ZARD004, located approximately 140m south of ZARD003 has commenced with assay results not expected until early in the New Year.

Konate Prospect

Over the next week, drilling is expected to commence at Konate, situated approximately 4km along strike from Koka (Figure 1). Konate is the second drill target in a series of identified targets with artisanal workings extending over 300 metres and returning rock chip sample results up to 950g/t gold. Results from this drilling are not expected until early 2006.

Results from 3 rock chip samples from a new area midway between Koka and Konate returned one sample of 11.38 g/t gold and geological mapping to better define this area will commence in the New Year.


For and on behalf of
Sub-Sahara Resources NL
M.R. Griffiths

CEO - Director
For further information please e-mail Michael Griffiths or contact by phone on 61-8-9227 3260

# Reported in accordance with the Aus. IMM "Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves" and is based on information complied by Mr M.R. Griffiths, a competent person as defined by the Code and a Member of Australasian Institute of Mining & Metallurgy. Mr Griffiths is employed by Sub-Sahara Resources NL and has consented to the information in the form and context in which it appears.  

Am Abend sehen wir die 0,060 Euro!  

ASX Companies Announcements
Tuesday 06th December2005

http://www.subsahara.com.au/pages/asx/2005/...ck_media_statement.html

Barrick Media Statement regarding Nyanzaga Joint Venture

Joint Venture partner Barrick Exploration Africa Limited (BEAL), has stated to the North America media "that it has completed 24 pre-collared core holes testing the Tusker prospect situated within the Nyanzaga Project in Tanzania (Figure 1). The BEAL drilling totalling 8,368 metres has confirmed the broad, low grade gold mineralization intersected by previous drilling with holes intersecting greater than 50 metres (true width) of visually mineralised core extend over 500 metres of strike and 400 metres depth (as shown on attached long-section - Figure 2).
The southern extension is overlain by a barren / weakly mineralised magnetic siltstone unit up to 300m thick. Mineralisation is exposed in the northern part of the trend.
Assay results are pending for the majority of the drill holes, but intersections to date include:
DDH21 313m (down hole depths) @ 1.17g/t Au (30g/t top cut; 0.5g/t cut-off but includes zones of internal dilution up to 9m wide).
Preliminary metallurgical tests suggest good recoveries in both the oxide and primary mineralisation.
Five core rigs are currently active and will continue drilling into December. An infill program will be conducted in the first half of 2006".
BEAL has the right to earn 70% of Sub-Sahara's interest by completing a bankable feasibility study and Sub-Sahara will retain a 27.3% contributing interest at that time.

For and on behalf of

Sub-Sahara Resources NL

M.R. Griffiths

CEO - Director
For further information please e-mail Michael Griffiths or contact by phone on 61-8-9227 3260  

Die Joint Ventures mit anderen Goldgräberunternehmen zahlt sich aus...
Ein super Management hat Sub-Sahara! Bin begeistert :-)  

Also das Investor Relationsship ist optimal bei
Sub Sahara. Fast wöchentlich gibt es News. Aber
was passiert da seit dem 6. Dezember? Täglich
kommen neue Nachrichten!?!

http://www.subsahara.com.au/pages/asx/2005/asx2005.htm

Wer checkt die Lage?  

heute +10,7%in australien  

kommt nicht viel  oder ?  

Sub-Sahara ist in guter Gesellschaft! Nevsun, ein
direkter Nachbar von Sub-Sahara in Eritrea meldet:

Nevsun updated study boosts resources at Bisha deposit
2006-01-10 19:45 ET - News Release

UPDATED RESOURCE STATEMENT FOR THE BISHA DEPOSIT IN ERITREA

Nevsun Resources Ltd. has provided updated independent resource estimate for the Bisha volcanogenic massive sulphide (VMS) deposit in Eritrea. The 2005 Bisha resource statement will be incorporated into the final Bisha feasibility study.

A scoping study on the Bisha deposit, using the 2004 resource statement, was released by AMEC Americas Ltd. in December, 2005. The robust economic results of this Bisha scoping study were released to the public on Dec. 9, 2005. A National Instrument (NI) 43-101 technical report and preliminary assessment for the Bisha project was filed on Dec. 30, 2005.

Highlights:

The noteworthy improvements between the 2005 Bisha resource statement (table 1) and the October, 2004, Bisha resource statement are:

the addition of the measured resource category;
an 8-per-cent increase in gold grade within the measured and indicated categories of the oxide layer and a 4-per-cent increase in the gold metal content to bring the total gold in the measured and indicated category to 1.084 million ounces;
a 14-per-cent increase in copper grade within the measured and indicated categories of the supergene copper horizon, and a 12-per-cent increase in copper metal content, to bring the total supergene copper in the measured and indicated category to 655.87 million pounds;
a 2-per-cent increase in zinc grade within the measured and indicated categories of the primary zinc (greater than 2.0 per cent zinc) body and a 4-per-cent increase in the zinc metal content to 1.74 billion pounds;
a 100-per-cent increase in tonnage in the inferred category to 11.726 million tonnes from the previous 5.85 million tonnes;
overall measured and indicated copper resources in the supergene and primary horizons now stands at 1,005 million pounds;
overall zinc resources (greater than 2 per cent) in the measured and indicated primary horizons now stands at 1,956 million pounds; and
the inferred resources category now contains 1.38 billion pounds of zinc and 235 million pounds of copper.

The 2005 Bisha resource statement is based on 347 diamond and nine reverse circulation precollar diamond drill holes covering a strike length of 1,200 metres and to depths varying from surface to 375 metres. No data from RC (reverse circulation) holes were used. (The October, 2004, Bisha resource statement was based on 310 diamond, nine reverse circulation precollar diamond drill holes and 33 reverse circulation holes).

This resource estimate was completed by AMEC, a major international engineering services company, and complies with the CIM (Canadian Institute of Mining Metallurgy and Petroleum) definition standards on mineral resources and mineral reserves, as required by National Instrument 43-101. The Bisha Main VMS deposit has three distinct mineralized zones, the near-surface oxide gold zone, a supergene copper zone and the primary sulphide zones.

AMEC has identified an additional noteworthy mineral resource within the primary horizon that contains greater than 0.5 per cent copper but less than 2 per cent zinc that was not included in the 2004 resource statement. This has added significant tonnage and contained metal to the resource statement.

A more-complete breakdown of resource categories as they relate to tonnage, metal content and grade and a comparison with the 2004 resource calculation can be observed on the Nevsun website.

Estimation methodology

This resource model was created using industry standard techniques. The block grades were estimated within domains based on interpretation of geologic parameters logged in drill holes. Sectional spacings of 12.5 metres to 25 metres were used for the basic interpretations. The sectional interpretations were subsequently rationalized in plan. Solid (wireframe) models were created from these and became the basis for coding the block model. Grades were estimated using multiple passes of ordinary kriging with search neighborhoods conforming to the geological trend and geostatistical properties of the deposit. All assays with less than 60 per cent core recovery were removed from the database.

Restriction of extreme grades was used to remove metal at risk as derived from analyses of the assay distributions. The metal at risk analysis is essentially a Monte Carlo simulation study, the output of which is an amount of metal deemed to be at a sufficiently high risk to be removed from the resource. High-grade search restrictions were employed to remove the metal, helping to ensure that model grades and tonnages will be realized during mining. Calibrated in the measured and indicated blocks of the model, approximately 8 per cent of the gold in the oxide horizon, 3 per cent of the zinc in the primary zinc domain, 20 per cent of the silver in the oxide horizon and 5 per cent of the copper in the supergene horizon was removed.

Bulk density in the oxide zones was estimated by averaging the measurements from within the modelled mineralization zones. Within the supergene and primary zones, multiple regression was used to establish a relationship between specific gravity determinations and iron, copper, lead, zinc, sulphur and barium analyses. This relationship was then applied to the model blocks.

Variography and confidence limit analyses were used in conjunction with confidence in geological modelling and database integrity to develop resource classification criteria. Measured resources were defined by drill holes spaced 25 metres apart on 12.5-metre-spaced sections. Those portions of the resource drilled with holes spaced 25 metres apart on 25-metre-spaced sections were classified as indicated. Inferred resources were defined to be the remainder of the resource within 50 metres of drilling. All categories of resource material were restricted to the geologically interpreted mineralization domains.

The geologic model was formulated by Nevsun under the supervision of Bill Nielsen, PGeo, Nevsun's vice-president of exploration. Geologic modelling was completed by Nevsun and AMEC. The Bisha quality assurance/quality control (QA/QC) program used to monitor the accuracy of the assay database was reviewed and verified by AMEC's qualified person, Douglas Reddy, PGeo. Mr. Reddy made a site visit to the Bisha property in May, 2004. Resource modelling was carried out using Gemcom software by Steve Blower, PGeo, of AMEC who is also the qualified person (QP) for the resource model.

Additional resource potential and future work

Not included in the above resource tabulations are areas of additional resource potential. A widespread zone of mineralization consisting of disseminated copper sulphides in oxidized and acidified rocks has also been identified approximately 250 metres into the hanging wall (west) of the Bisha Main deposit. Examples of this disseminated style of mineralization include holes such as B-111 that encountered 39 metres grading 1.08 per cent copper and B-87 that intersected 31.5 metres assaying 1.44 per cent copper.  

Da war ja mal wieder ein hoher Umsatz
an der Börse in Australien! Sub-Sahara
gehört dort zu den "bekannten" Goldunternehmen,
im Gegensatz zu Frankfurt ;-)

SUBSAHARA FPO
Börse: Australien
Datum: 13.01.06
Tickliste Zeit Kurs Volumen
06:16:11  0,084 10026
06:16:11  0,084 1974
05:44:37  0,084 21341
05:44:37  0,084 41000
05:44:37  0,084 58812
05:44:27  0,084 41188
05:44:27  0,083 14909
05:22:37  0,083 9000
05:15:15  0,083 9000
05:15:15  0,083 170000
05:09:32  0,083 30000
05:02:32  0,083 175507
05:02:03  0,083 174493
05:02:03  0,083 290000
04:59:25  0,084 41091
04:58:04  0,084 8909
04:58:04  0,084 50000
04:58:04  0,084 41091
04:57:46  0,084 146409
04:32:19  0,085 6000
04:27:28  0,084 12500
04:17:55  0,084 153591
04:17:34  0,084 46409
04:17:34  0,084 8334
04:17:34  0,084 15257
03:26:14  0,085 60320
03:23:50  0,085 39680
03:23:50  0,085 78320
03:23:50  0,085 32000
03:21:24  0,085 20000
03:16:13  0,084 64743
03:16:13  0,084 60000
03:15:55  0,085 25257
02:55:36  0,085 24743
02:52:09  0,085 75257
02:52:09  0,085 124743
02:51:26  0,085 175257
02:51:05  0,085 124743
02:50:12  0,085 60000
02:50:12  0,085 15257
02:50:05  0,086 59630
02:49:08  0,086 370
02:40:40  0,086 5000
02:37:57  0,086 10000
02:37:41  0,086 30504
02:33:08  0,086 10000
02:28:18  0,086 190000
02:21:30  0,085 84743
02:20:49  0,086 15257
02:20:24  0,086 34743
02:19:23  0,086 200000
02:19:23  0,086 15257
02:19:22  0,087 100000
02:05:10  0,086 4743

Zur besseren Anschaulichkeit hier mit Dollars!

# Time Price Volume Value
75 3:44:35 pm 0.084 21,341 $1,793
74 3:44:35 pm 0.084 41,000 $3,444
73 3:44:35 pm 0.084 58,812 $4,940
72 3:44:26 pm 0.084 41,188 $3,460
71 3:44:26 pm 0.083 14,909 $1,237
70 3:22:37 pm 0.083 9,000 $747
69 3:15:14 pm 0.083 9,000 $747
68 3:15:14 pm 0.083 170,000 $14,110
67 3:09:31 pm 0.083 30,000 $2,490
66 3:02:31 pm 0.083 175,507 $14,567

Jajaja! Die Ausis wissen, was gut ist ;-)
 

Oh, es bewegt sich was  

ASX Companies Announcements
Monday 16th January 2006

Eritrean Asmara Joint Venture

Sub-Sahara Resources NL ( SBS) advises that it has received notice from Sunridge Gold Corp. (SGC) that it is exercising its option to purchase SBS's 48% interest in Sub Sahara Resources ( Eritrea) Ltd, the company that holds the Asmara Joint Venture project licences in Eritrea. SGC has earned a 40% interest in the project and is currently funding exploration through to completion of a feasibility study to earn an additional 30% interest in the project. Africa Wide Resources Limited (AWR ), holds the remaining 12% interest in the joint venture and has also received notification from SGC of its intention to exercise the option agreement that it has with SGC for its interest in the Asmara JV.

The exercise purchase price of the interest is to be the Fair Market Value (FMV) negotiated and agreed by the parties. The FMV is to be satisfied by the issue to SBS of shares in SGC.
In the event that the parties agree on a FMV, then SBS will be required to gain the approval of shareholders in General Meeting to a proposed disposal in accordance with ASX Listing Rules. Any transfer of interest arising from the option exercise will be subject to the consent of the Eritrean Minister of Mines.
The terms and conditions of the option agreement governing the conduct of negotiations and FMV in summary are:
a) the FMV of the tenements shall be a negotiated and agreed value between SGC and SBS to be concluded within 10 business days of the exercise of the purchase option.
b) In the event that the parties cannot agree on the FMV as above, then the parties shall within 20 business days of the notice of purchase, commission an Independent Expert experienced in such matters to determine the FMV of the Tenements and to provide a Valuation Report prepared in accordance with the VALMIN Code within 30 days of receipt of the commission or, within such other period as the parties may agree, that must be accepted by both parties.
c) If the parties cannot agree on the person to be appointed as the Independent Expert within 20 days, the parties (or one of them) must forthwith request the President of the Australasian Institute of Mining and Metallurgy to nominate an Independent Expert who shall determine the FMV and generate a Valuation Report of the FMV in accordance with the VALMIN code that must be accepted.

The number of SGC shares that may be issued under the option agreement will be based on the 20 previous days weighted average trading price of the shares of SGC on the Toronto Stock Exchange (TSX) calculated back from the day the notice of Purchase was given. The notice was given on 13 January 2006 and the average weighted share price based on the above formula is C$1.835 per share.

SGC is a TSX listed company and is in essence a single project company with its predominant focus on the Eritrean Asmara Joint Venture in which its has earned a 40% interest. It has a market capitalisation of C$63,652,487(as at 13 January 2006). It has 28,416,289 shares on issue and its shares last traded at a price of C$2.24 on 13 January 2006 on a volume of 430,194 shares for the day. Mr Michael Griffiths the CEO of SBS was appointed to the board of SGC in 2004 and pursuant to the Option Agreement an additional director may be appointed to the board of SGC by SBS/AWR when the transaction has been settled.

At this stage the Directors of SBS are unable to make any further comments until they have met with the directors of SGC and concluded the negotiations pursuant to the terms of the Option Agreement. Once a FMV is determined, then SBS will provide full details to shareholders and convene a general meeting of shareholders to enable them to consider and vote on the transaction.

For and on behalf of
Sub-Sahara Resources NL

Peter Munachen
Director - Corporate and Finance
16th January, 2006  

Sub-Sahara hat eine einen Joint Venture
Partner gefunden! Aktie explodiert!
Die Ergebnisse zu den Goldfunden waren
bereits letzte Woche sehr sehr gut!

Nun kaufen die Investoren und Analystenhäuser!
Aktie steigt um + 25 Prozent!

In den nächsten Tagen wird Sub-Sahara dann
zum Kauf empfohlen! KZ 0,50 Euro!
Also PLUS 1000 % ! ! !

Hier ist die neue 1000% Perle!
Zum Glück wissen´s noch nicht so viele ;-)  

Der Goldpreis zieht weiter an!
Und Sub-Sahara wird es so billig
wohl nie wieder geben ;-)  

Hey!!!
Jetzt nicht abkacken hier!

In Australien haben wir bei +36 Prozent geschlossen!
Und hier in Frankfurt spielen einige die Aktie auf
nur +18 Prozent runter!

WO SIND DIE DAYTRADER????

Sub-SAHARA sollte eigentlich bei 0,080 Euro stehen!  

ich bin von sub-sahara absolut überzeugt aber bitte realistisch bleiben. wir werden das empohlene kursziel von 0,14 aus dollar noch in dieser woche sehen, bleibt allerdings abzuwarten was Sunridge mit sub-sahara zusammenbringt und wie sie neue meldungen bringen.aber von 10 000 % zu reden ist fast schon so wie markus fricks buch "ich mache sie reich".(es würde nähmlich nur noch millionäre geben )also bitte positives denken ok aber realistisch.auch im hinblick auf forum neulinge.

mfg
spead1  

+15,79 % an der heimatbörse in australien heute

 

Nochmal zum genießen ;-)

Tuesday 17th January 2006

Asmara Joint Venture

Joint Venture partner in the Eritrean Asmara Joint Venture, Sunridge Gold Corp (Sunridge) has announced that it has entered a strategic alliance with fellow TSX company, Lundin Mining Corporation (Lundin).

Lundin has entered into a financing arrangement that will see it take just under 10% of Sunridge by agreeing to subscribe for 3,150,000 shares in Sunridge at a price of C$1.66 per share. Each share carries a warrant with an exercise price of C$2.07 and may be exercised at any time within 24 months of closing of the arrangement. Sunridge has agreed to appoint two Lundin representatives to the board.

Lundin has a number of international mining projects with its focus on base metals. In Lundin Mining's announcement to the TSX , Karl-Alex Waplan, President of Lundin Mining, commented," The Asmara projects represent an excellent low-risk opportunity to participate in the exploration and advancement of some of the most exciting VMS prospects I've seen in some time - not since our own Storliden high grade VMS project. The grades seen at the Sunridge projects are highly impressive. We look forward to working with Sunridge and being with them as they enjoy continued success." (The projects referred to are the projects within the Asmara Joint Venture of which Sub-Sahara currently holds 48%. Sunridge holds 40% and is funding exploration through to completion of Bankable Feasibility Study to earn a further 30% of Sub-Sahara's interest).
For further particulars of Lundin Mining Corporation visit www.lundinmining.com

Sunridge's Lundin deal follows its notice of exercise of the Asmara Joint Venture Purchase Option announced to the ASX by Sub-Sahara Resources NL on 16 January 2006. Sunridge shares closed on Monday 16 January 06 at C$2.60 per share on a volume of 582,823 shares and its market capitalisation was reported as C$74,194,351. For further particulars of Sunridge visit www.sunridgegold.com

For and on behalf of
Sub-Sahara Resources NL  

wo bleibt der kurs in frankfurt !?