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Nevsun Resources Ltd.
Summary
| Project: | Bisha | |
|---|---|---|
| Deposit: | Bisha, Harena, Asheli | |
| Location: | Eritrea | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-3-2017: Nevsun Resources Ltd. announces a Resource Estimation report for its Bisha, Harena, Asheli deposit at the Bisha project. Updated Mineral Resource Estimates at Bisha, Harena and Asheli. This technical report was prepared for Nevsun Resources Ltd | |
| Resources: | (Resource, M+I): 34.97Mt @ 4.18% Zn, 1.02% Cu, 0.6g/t Au, 33g/t Ag at Bisha, Harena and Asheli | |
| CP/QP: | [Resources]: Phil Jankowski (Bisha Mining Share Company) | |
| ABSTRACT: | This technical report was prepared for Nevsun Resources Ltd. to summarise the results of the resource and reserve update of the Bisha Mine (Bisha, Mine or Project), located in Eritrea. Nevsun holds a 60% interest in the Project, through a 60% interest in Bisha Mining Share Company (BMSC). The Eritrean National Mining Corporation (ENAMCO) holds the remaining 40% interest. BMSC is the operator for the Bisha and Harena mining licences, the mining agreement area, Tabakin Exploration License (Tabakin EL) and Mogoraib River Exploration License (Mogoraib EL) exploration licences. The contract with SRK Consulting permits Nevsun to file this report as a technical report with the Canadian securities regulatory authorities pursuant to NI 43-101, Standards of Disclosure for Mineral Projects. Except for the purposes legislated under provincial securities law, any other uses of this report by any third party is at that party’s sole risk. The responsibility for this disclosure remains with Nevsun. The user of this document should ensure that this is the most recent technical report for the property, as it is not valid if a new technical report has been issued. Summary of responsibilities by author is shown in Table ES1. The project is located on a flat to rolling, desert-like plain in the Gash-Barka Region of Eritrea, 237 km by road from the capital, Asmara by paved and all-weather unpaved roads. The principal port for concentrate export is Massawa, a further 113 km from Asmara. The project area has a hot desert climate with an annual rainfall of 260 mm mainly falling from June to September. The main centre for mining and exploration support is Asmara. | |
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