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Nevsun Resources Ltd.
Summary
| Project: | Timok | |
|---|---|---|
| Deposit: | Upper Zone | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-2-2017: Nevsun Resources Ltd. announces an Exploration/Drilling Update report for its Upper Zone deposit at the Timok project. Drilling results incl. 256.3m @ 6.0% Cu, 3.79g/t Au from 438.8m. Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (“Nevsun” or | |
| Resources: | (Resource): 1.7Mt @ 13.5% Cu, 10.4g/t Au (Ind.) and 35Mt @ 2.9% Cu, 1.7g/t Au (Inf.) at project | |
| 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 infill drilling of the Upper Zone at the Company’s Timok copper-gold project (“Timok Project”). Nevsun CEO, Cliff Davis, commented, “The ultra-high-grade assays reported today are part of the in-fill drilling to confirm and upgrade the resource of the Timok Upper Zone mineralization. This drilling is enabling the development of an improved geological and geotechnical model for the deposit that will be incorporated in our Pre-Feasibility Study. This study is progressing well and is expected to be completed on schedule in September 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 high sulphidation mineralization at 80 to 95% of true width. The Timok Project is located in eastern Serbia near the Bor mining and smelting complex. The Timok Project is focussed on the Cukaru Peki (“Timok”) deposit which includes the high grade Upper Zone (characterized by massive and semi-massive sulphide mineralization) and the Lower Zone (characterized by porphyry-style mineralization). The Upper Zone has an extremely high copper and gold content consisting of 1.7 million tonnes of indicated resource grading 13.5% copper and 10.4 g/t gold and 35.0 million tonnes of inferred resource grading 2.9% copper and 1.7 g/t gold. | |
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