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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Lower Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 6/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-6-2017: Nevsun Resources Ltd. announces an Exploration/Drilling Update report for its Lower Zone deposit at the Timok project. JV with Freeport-McMoRan - Drilling results incl. 798.1m @ 0.80% Cu, 0.22g/t Au from 1470.0m. Nevsun Resources Ltd. (TSX:NSU) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Manojlovic (Internal) | |
| ABSTRACT: | Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (“Nevsun” or the “Company”) is pleased to announce new assay results from on-going drilling of the Lower Zone at the Timok copper-gold project (“Timok Project”). Nevsun CEO, Peter Kukielski, commented, “The Lower Zone assays reported today are part of an on-going $20 million drilling program with our joint venture partner Freeport-McMoRan aimed at defining the large footprint of the Timok Lower Zone mineralization. There are currently 12 drills in operation on the program with a target date for completion in late 2017.” Detailed drill results, sections and a plan map of drill hole locations are attached to this news release. Holes are designed to intersect the porphyry mineralization at near 100% of true width. The Lower Zone consists of porphyry-type mineralization characterized by chalcopyrite-pyrite and minor bornite and molybdenite occurring as disseminations and within quartz and quartz-magnetite stockwork veinlets. Anhydrite veins are common. Within the Lower Zone, porphyry-type potassic alteration is preserved locally but generally overprinted by sericiteclay, argillic and advanced argillic alteration. The latter overprinting also brings occasional covellite-pyrite mineralization. The host rocks are predominantly volcanic andesite, andesite breccia and andesitic porphyry. The geometry of the Lower Zone remains to be fully defined. Its top is about 700 metres below surface and has been traced down to depths in excess of 2,000 metres. | |
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