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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Upper Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-7-2017: Nevsun Resources Ltd. announces an Exploration/Drilling Update report for its Upper Zone deposit at the Timok project. Drilling results incl. 265.5m @ 3.67g/t Au, 6.77% Cu from 459.9. Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (“Nevsun” or | |
| 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 final assay results from the recently completed infill drilling of the Upper Zone at the Company’s Timok copper-gold project (“Timok Project”) in Serbia. Nevsun CEO, Peter Kukielski, commented, “The high-grade assays reported today are the final holes from the infill drill program for the Timok Upper Zone. This drilling is enabling development of improved geological and geotechnical models and we expect an upgrade to a high percentage of the resources. We are also excited to have exploration for additional Upper Zone type deposits underway. At the Bor operation, just five kilometres away, there were in excess of twenty separate high sulphidation epithermal “upper zone” type deposits, we believe the possibility of finding additional deposits should be high.” Detailed drill results, sections and a plan map of drill hole locations are attached to this news release. Holes are designed to intersect the high sulphidation mineralization at 80 to 95% of true width. The high sulphidation epithermal mineralization (HSE) in the Upper Zone comprises massive sulphide, semi-massive and also vein, stockwork, dissemination and hydrothermal breccia matrix sulphide hosted by strongly altered andesite. The HSE mineralization forms a single coherent zone at depths ranging from 400 to over 800m below surface. Pyrite is the dominant sulphide mineral and covellite the principal copper mineral with lesser enargite, bornite and chalcocite occurring in veins, hydrothermal breccias, disseminations and replacement. Gold correlates with the copper sulphides preferentially occurring within pyrite bordering the copper sulphides. | |
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