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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Lower Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 3/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-3-2018: Nevsun Resources Ltd. announces an Exploration/Drilling Update report for its Lower Zone deposit at the Timok project. Drilling results incl. 847.6m @ 0.77% Cu, 0.15g/t Au from 1354m. Vancouver, BC – Nevsun Resources Ltd. (TSX:NSU) (NYSE Americ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Manojlovic (Internal) | |
| ABSTRACT: | Vancouver, BC – Nevsun Resources Ltd. (TSX:NSU) (NYSE American:NSU) (“Nevsun” or the “Company”) is pleased to announce new assay results from the recently completed $20 million exploration drill program of the Lower Zone at the Timok copper-gold project (“Timok Project”) in Serbia. To date 84 drill holes have been drilled within the Lower Zone footprint, of which 78 drill holes comprising approximately 90,571 meters have intersected the deposit or its margins. The geometry of the Lower Zone remains to be fully defined, however current dimensions of the mineralized zone are approximately 2,000 metres long by 1,100 metres wide by 1,400 metres high. The Lower Zone remains open to extension to the North and at depth. Mineralization starts at approximately 700 metres below surface and has been drill tested to a depth of 2,268 metres. Detailed drill results, sections and a plan map of drill hole locations are attached to this news release. Holes are near vertical and intersecting a mineralized zone which is plunging to the northwest at approximately 50 degrees. Nevsun CEO, Peter Kukielski, commented, "We are truly excited by the enormous potential emerging from our work on the Timok Lower Zone. These assays are from the $20 million Lower Zone drill program we have been working on within our joint venture with Freeport-McMoRan Exploration Corporation ("Freeport"). These results continue to demonstrate the potential world class nature of the Lower Zone mineralization. Work is now focussed on Lower Zone resource estimation for the Serbian permitting process and release of a NI43-101 compliant resource statement in mid-2018" | |
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