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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Upper Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 16-1-2018: Nevsun Resources Ltd. announces an Exploration/Drilling Update report for its Upper Zone deposit at the Timok project. Drilling results incl. 27m @ 2.93% Cu, 2.54g/t Au from 396m. Vancouver, BC – Nevsun Resources Ltd. (TSX:NSU) (NYSE American:N | |
| 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 ongoing exploration drilling targeting new high grade Upper Zone-style mineralization at the Timok copper-gold project (“Timok Project”) in Serbia. Drilling has intersected new high-sulphidation epithermal (“HSE” or “Upper Zone-style”) copper-gold mineralization 500 meters to the east of the Upper Zone deposit at Timok. Mineralization occurs over a 250 by 250 meter area which is similar in plan size to the Timok Upper Zone. The new zone of mineralization has similar characteristics to the Upper Zone with massive, semi-massive and disseminated mineralization that is dominated by pyrite with lesser covellite and energite. Exploration drilling will continue in 2018 aided by downhole electromagnetic surveying and will focus on expansion of this new zone of mineralization. Nevsun CEO, Peter Kukielski, commented, “The assay results reported today are part of the 2017 exploration program for new Timok Upper Zone style mineralization on the license covering the Upper and Lower Zone projects. While the quantum of this new discovery is still unknown, mineralization of a similar tenor could be processed at the Timok Upper Zone mill, further enhancing the already stellar project economics. These results demonstrate the tremendous upside potential of the Timok project area for additional new discoveries. At the Bor deposits five kilometers to the north, approximately144 million tonnes of HSE mineralization was mined from 27 separate bodies.” | |
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