Australian (ASX) Stock Market Forum

SBR - Sabre Resources

ASX ANNOUNCEMENT & MEDIA RELEASE
17 March 2011

EXTENSIVE MINERALISATION INTERSECTED AT KASKARA


KASKARA DRILLING INTERCEPTS EXTENSIVE MINERALISATION


Significant copper-lead-zinc-vanadium mineralisation was intercepted by diamond drilling during Sabre's pilot programme at Kaskara, in the middle of the Otavi Mountainland of northern Namibia.

The copper, lead and zinc mineralisation is largely in the form of vanadates rather than sulphides and is ubiquitously associated with iron oxides (hematite) at Kaskara. Even outside of the well-mineralised zones, hematite dustings on features like joint surfaces are associated with highly anomalous copper, lead and zinc values.
Drilling has intercepted several very thick mineralised iron oxide zones, but the soft and friable nature of the material has resulted in many of the samples being washed away by the drilling process and not recovered. Of the recovered samples, several intercepts have been confirmed:

KKDD029*, 21.9m @ 0.45% Cu, 5.79% Pb, 1.81% Zn, and 1.41% V, from 54.0m
KKDD026*, 6.0m @ 0.21% Cu, 2.70% Pb, 1.34% Zn, and 0.50% V, from 34.9m
KKDD025, 2.7m @ 0.69% Cu, 10.45% Pb, 3.40% Zn, and 2.41% V, from 0m
KKDD025, 1.0m @ 0.35% Cu, 3.11% Pb, 0.80% Zn, and 0.73% V, from 24m
KKDD024, 2.0m @ 0.11% Cu, 1.30% Pb, 0.96% Zn, and 0.29% V, from 22m
KKDD021, 4.0m @ 0.12%Cu, 1.05% Pb, 0.39% Zn, and 0.24% V, from 22m

There are large sections where no sample was obtained and the above intercepts represent only those portions of those sections where sample was able to be recovered. In particular, the intercepts recorded in KKDD029 and KKDD026 represent portions of material recovered from broad zones of extreme core loss. These zones of core loss, which could not be recovered for technical reasons, are being considered as likely mineralised zones.
* Intervals uncertain due to poor core recovery, requires confirmatory drilling.



Figure 1 - Cross sections of mineralisation at Kaskara, and the associated zones of extreme core loss. Pink areas are zones of extreme core loss (very little drill core recovery) which most likely are host to Cu-Pb-Zn-V mineralisation. Yellow zones represent assayed mineralisation from recovered drill core Red zones are outcropping and intercepted mineralised gossans. Red lines on core represent core recovery of less than 50% (core recovery of less than 80% is generally considered very low).

Zones of extreme core loss: mineralised zones

Several zones of extreme core loss are coincident with abundant hematite. Recovery of a few hematitic core fragments in these zones has shown, through assay and handheld analysis, that they host hematitic copper-lead-zinc mineralisation. The major zones of core loss include:
KKDD021
3.0m @ 17.7% core recovery (from 0m); and 53.1m @ 25.0% core recovery (from 47.0m to EOH).
KKDD023
12.0m @ 45.7% core recovery (from 80.0m); and 51.0m @ 42.7% core recovery (from 107.0m).
KKDD024
45.0m @ 34.9% core recovery (from 40.7m).
KKDD026
3.7m @ 16.3% core recovery (from 5.4m); and 9.0m @ 37.8% core recovery (from 14.0m); and 9.4m @ 24.5% core recovery (from 31.6m to EOH).
KKDD027
16.0m @ 41.0% core recovery (from 18.0m).
KKDD029
48.8m @ 15.5% core recovery (from 1.0m); and 34.6m @ 13.3% core recovery (from 55.8m).

It is important to note that core recoveries should be 100% (i.e. 1m drilled equals 1m of core recovered). Recoveries below 80% are unusual. A 15% core recovery (e.g. KKDD0029) means that 85% of the material has not been recovered. It is clear that unusual material has been intercepted in these zones.


Core loss at Kaskara ”” technical information

The gossans are silicified at surface only, becoming quite soft and friable (loose) at depth. Drilling has largely not recovered this material ”” it has instead been washed away by the drilling process. The driller recorded the common occurrence of "red water" coinciding only with extreme core loss, indicating physical breakdown of hematitic material which is commonly host to mineralisation.

In addition to the results recorded above, other recovered fragments of the loose hematitic material record significant copper, lead, zinc, and vanadium content when analysed using a handheld spectrometer. Combined, these factors suggest that at least some of these broad intervals of core loss correspond to mineralised intercepts that have not been recovered.

Triple tube drill rods, which protect soft or friable material during drilling with a separate inner metal sleeve, have arrived on site to test some of these thicker zones. Some of the new holes will be drilled adjacent to those holes with extreme core loss.

Relationship of oxide zones to sulphides

The soft, oxidised, hematitic mineralised zones are considered to be in contact with sulphide mineralisation at depth, and have formed as a result of very deep weathering of the rocks in the vicinity of this mineralisation. There is clearly a genetic relationship between the oxide material and sulphide mineralisation which has been documented at other deposits in the region, including Tsumeb and Berg Aukas.

Upcoming drilling will continue to follow these irregular zones to depth in order to track our way to the sulphide mineralisation below.

UPCOMING WORK AT KASKARA

With the forthcoming easing of the wet season rains, Sabre will begin clearing access on the hill at Kaskara. A series of tracks and drill pads will be constructed to enable access to areas that were not accessible in the recent pilot programme.

The upcoming drill programme will comprise deep pattern drilling, using a combination of RC and triple tube diamond drilling. Around 30 holes are planned. This programme will drill deep beneath the outcropping gossans to intercept sulphide mineralisation at depth.
 
ASX ANNOUNCEMENT & MEDIA RELEASE

8 November 2011

HIGH GRADE VANADIUM AND BASE METALS DISCOVERY AT KASKARA

13 m @ 2.87% V2O5, 7.43% Pb, 2.89% Zn and 0.42% Cu in underground channel sample, 30 m below surface.

Adjacent drillhole intercepted 21.85 m @ 2.52% V2O5, 5.79% Pb, 1.81% Zn and 0.45% Cu from ~40 m below surface.

Intercepts are positioned directly above the main IP anomaly, which is the target for Cu-rich mineralisation.

Workings appear to descend for at least 100 m.
► Top two mine levels investigated to date (sampling ongoing).
► Remaining deeper workings will be mapped and sampled as they are made safe.

Priority sampling of workings commenced.

Kaskara has the potential to be a major base-metal deposit.


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Reading the cashflow statements, can we expect a cap raising shortly? None raised since 2010 but is looks like they can scrape through one more quarter of operation at best.

Cash held at end of Sept 11 qtr was $962k, after a qtrly spend of $964k. Prev qtr spend was $845k of $3.138m spend last FY.

The minerals in the ground paints a rosy picture on this one, cashflow situation from a drilling persepctive (let alone cash to development) seems up in the air at best.

Is there any indication of how much a complete development will cost? I assume that Vanadium being considered toxic, production costs would be higher than that of the standard base metals.

Not holding but added to the watchlist. Cheers.
 
i know sabre is drilling a copper discovery (in the making) right now but has not made that public as yet other than in quarterly reports saying they anticipate they will drill at some stage in the future..

if kaskara has the copper sulphides at 250 meters as seen in geomags, then it validates the geological science that matt painter, the lead geologist, has on it. he claims the numrous surface gousans plus a now closed down vanadium mine on the kaskara hill, validates a indicates a massive sulphide deposit below.

after many years and 2 monsoons, they have finally got the raod in, the rig there and are drilling today

good luck to all holders
 
the first slide shows the kaskara hill and what matt believes is a sulphide deposit below the vanaduim mine

the second slide is guchab, which is a potential discovery on a new permit recently picked up by sbr and a few miles south of the kaskara - the surface copper results alone is better than what rio is currently mining.. there is a copper mine that was not worked for 15 years or so a few miles to the east on trend, that mine is about to be reopened by new mining comapny on the toronto stock exchange.. something not disclosed by sabre to the public as yet, but sabre owns all the land on the permit, with the exception of the old mine and believes many copper deposits are needing to be drilled on trend.

kaskara.jpg
 
220% rise in one day now

perhaps will clean up on the stock tipping here also

but... if anyone else here is in sbr... best of luck an hope this thread helped
 
220% rise in one day now

perhaps will clean up on the stock tipping here also

but... if anyone else here is in sbr... best of luck an hope this thread helped

Dam and blast !! Will take some catching. Congrats to all holders.
 
A question for the T/A Pro's on here, out if interest if you were to look at this chart yesterday, were there any indicators to hint or show there was about to be a huge breakout?
 
A question for the T/A Pro's on here, out if interest if you were to look at this chart yesterday, were there any indicators to hint or show there was about to be a huge breakout?


No jump in SP until 12:24, a full 12 minutes after the release of todays report.

And here is the kicker, the content of the report was no secret ...
It can be found in the quarterly report of 31/7/2012

IMHO of course



Disc: I do not hold
 

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burglar

the contents of the report was NOT in the quarterly

this copper discovery is a few clicks from a permit area that in itself, is a tiny square missing out of the entire permit area..

if you research Kombat permit area, you will see an entire company on the TSX is totally committed 10's of millions and more to the re opening of the kombat mine and validates the copper play is active along trend

whats funny is that discovery is not even the start of things, kaskara is a tsumeb like discovery in the waiting..

this share can go $1 and can go more in a heartbeat..

all imho and dyor
 
Copper, silver strike helps Sabre Resources out of hole

Date
August 15, 2012



EVERY drill hole counts when your bank balance dips down to $387,000. Happily for Sabre Resources, its latest drilling in Namibia looks set to leave it with plenty to count.

The Perth-based minnow's shares almost quadrupled from 10 ¢ to 36 ¢ yesterday after it announced that its first drill hole at the Guchab prospect had encountered more than 100 metres of copper.

For those with an understanding of geology, the results speak for themselves: 2.35 metres at more than 13 per cent copper and 70 grams a tonne of silver.

For those without a formal education in rock-kicking, the strike was summed up thus by Matthew Banks from rival junior exploration company Rumble Resources: ''It's fair to say that's a ball-tearer of a copper hit.''
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Two more holes have been drilled, with assessment from independent analysts still pending.

Sabre acquired the Guchab asset only in May, under a deal with private investment group Coniston Pty Ltd.

Coniston previously held just over 25 per cent of Sabre, but increased that to 42.58 per cent under the deal to transfer the asset to Sabre.

While company documents show Sabre was down to $387,000 -

which is about one month's sustenance based on the company's rate of spending in the June quarter - Sabre general manager, development and marketing, Tim Putt said the company had several options for sourcing extra funds and was merely waiting for the right moment to do so.

''We are very pleased. The first drill hole certainly exceeded our expectations, and we are looking forward to continuing to report results to the market as they come available,'' he said. ''We do feel that Guchab has the potential to turn into something significant.''

Read more: http://www.theage.com.au/business/c...out-of-hole-20120814-246rn.html#ixzz23YlV48gI
 
One would assume a cap raising is on the way, which would slow down any further SP appreciation. When the cap raising is announced it may be a good time for those with a long term view to get in now that the area has had some proven results.

With PE already owning >40% of the co, i dont see how they can raise funds without a CR. Maybe a private placement??
 
small placement i hear, all private.. bby have been looking after it, and we all want kaskara to be drilled asap as it has a huge upside potential

matt spotted this copper discovery a few years back, they have been scratching at the surface and figured the airmag anomaly was so impressive, it had to be investigated.. anyway, they put that permit into sbr a few months back and then drilled guchab and put all other ops on hold...

its no secret they used up the capital on guchab

what a stunning result!!

the permit has a small section in the middle taken out, its the old kombat mine, that permit in itself is supporting an ipo on the TSX which is about to reopen the entire mine.. gouchab is a few clicks down road on trend in our permit area.. many other targets on trend.. gouchab is only the beginning and its open on all sides thus far!..
 
Great find Agentum. Great result ... yesterday afternoon..!!

The current market seems to have the attention span of a retarded goldfish. SBR seems to have fallen well off the boil despite its outstanding find.

Will be interesting to see what it takes to keep a sustained interest in the company.:banghead:
 
few more gems coming up.. my research tells me i have an oiler, txn to double up in the very near term.. and there are 2 or 3 others i will delve into also.. some may do some crazy things like sbr..

sbr did move back to .36 today then down to it close on heavy selling T3's

still managed some great gains though, 18% up today on the close

i think it will progress through to .50's and higher in the coming weeks as the drill results confirm things a little more

small cap raising coming up in it.. imho late next week

wont change anything.. the people who are putting in are already committed to the cap raising, so it wont be a big drama..

i see a huge future for this one, will be holding for a long time yet
 
most discussed stock on HC but least discussed here

Sabre’s shares up again on Namibia copper find
by Charles Macdonald ”” created Aug 16, 2012 12:06 PM

After soaring by over 250% on Tuesday following promising drill results from a single diamond drill hole in the Guchab copper mining centre in Northern Namibia, Sabre Resources’ shares were up in late Thursday morning trade by almost 13% to 30.5 cents.

.........



The first of a 20 hole diamond drilling programme at Guchab, within Sabre’s Otavi Mountain Land copper project, was drilled to a depth of 111.4 metres and showed mineralisation along most of its extent from surface, including 107.75m @ 1.15% copper and 6.93gpt silver from 0.60m.

This included 2.35m @ 13.24% copper and 70.84 gpt silver from 17.90m and 23.55m @ 2.08% copper and 10.11gpt silver from 29.80m.
.............

A second hole has been completed at Guchab, with Sabre reporting that this also shows significant visible copper mineralisation. A third hole is in progress, with this too intercepting mineralisation and assays pending.

The Guchab mining centre was discovered in the early 1900s and operated for a short time producing high-grade copper ores (up to 33%) before the discovery of near surface copper mineralisation at Kombet, some 10kms to the west.

The Kombet copper mine produced 8.7mt @3.1% copper, 1.1% lead and 26gpt silver.


http://www.theajmonline.com.au/mini...e2019s-shares-up-again-on-namibia-copper-find
 
Glad I got in at 0.155 when I did.
Hoping for a little drive before close then hopefully a big announcement on Monday.
Fingers crossed.
 
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