No field work has been conducted pending the grant of the mining lease applications.
June 30, 2004
No field work was completed on the tenements and discussions have been opened with third parties to joint venture the licenses.
During 2002, Sub-Sahara entered into an Option agreement with South Boulder Mines Limited covering M38/331 and L38/33. Subject to South Boulder achieving quotation on the ASX, the consideration shall be satisfied by the issue of shares in South Boulder to Sub-Sahara equivalent to A$842,250 and assumption or discharge of a A$300,000 liability relating to the property.
June 30, 1997
A significant new gold deposit was discovered at Rosemont. The mineralization which remained open along strike and at depth had been intersected over a strike length of 2,953 ft and to a vertical depth of 984 ft. Drilling was undertaken to establish a mineral resource estimate by Sept/97.
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