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NSU Nevsun or the Company is pleased to announce new assay results from further drilling at Mkt 421 supply chain which is part of the ongoing Regional Exploration program at Bisha.
The deposit is fairly compact and relatively shallow which should be advantageous for mining. There is room for growth to the northeast and strong footwall alteration is present in this area. VMS deposits rarely occur in isolation and we have now started testing other targets along the four kilometers of similar geology to the east and northeast.
The initial focus of exploration was a meter long section of highly sericite and chlorite altered felsic volcanics with associated small, pod-shaped surface gossans. The geology continues on-strike for five kilometers of similar geology.
Follow-up drilling in hole MX confirmed the new discovery with Drilling was suspended in July for the rainy season in this part of Eritrea and to focus on other high priority targets elsewhere.
In Aprildrilling resumed at Asheli with a goal of better defining the geometry of the massive sulphide deposit. Early results from the campaign included hole MX which targeted the projected down plunge extension of the mineralization approximately meters below the known deposit.
This hole successfully intersected Four additional holes have now intersected massive sulphides at the Asheli deposit.
Hole MX drilled 60 meters down dip of hole MX intersected A particularly zinc rich section graded 0. The deposit remains open to the northeast where it has potentially been off-set.
Future drilling will target this area. A maiden resource for Asheli will be included in the annual resource update scheduled to be released in early Drilling is now in progress targeting the 4 kilometers of similar stratigraphy to the northeast. This program includes chain of custody protocols as well as systematic use of standards, duplicates and blank samples into the flow of samples produced by the sampling.
Foy has reviewed the technical content of this press release and approved its dissemination. About Nevsun Resources Ltd. Bisha has over 9 years of reserve life, generating revenue from both copper and zinc concentrates containing gold and silver by-products.
Nevsun is well positioned to grow shareholder value through exploration at Bisha and acquisition of additional mining assets. Forward Looking Statements The above contains forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act ofand applicable Canadian securities laws.
The actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, the risks that:Address: Plot No: 52, Near Jagan Oil Mill & Kanak Bakery Biscuit Factory, APCO Colony, Kattedan, Hyderabad – Tel: Mobile: EMail.
Press Releases. June 1, Nevsun Continues to Intersect High Grade Mineralization at Asheli. Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (Nevsun or the Company) is pleased to announce new assay results from further drilling at Asheli which is part of the ongoing Regional Exploration program at Bisha.
HIGHLIGHTS. Drilling extends Asheli down dip with increasing zinc grades. News and commentary* on food safety issues impacting the food supply chain (farm production, food processing, transportation, retail and foodservice, and the consumer).
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