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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Sergeevskoe | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 4/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-4-2019: Orsu Metals Corp. announces a Resource Estimation report for its Sergeevskoe deposit at the Sergeevskoe project. Initial mineral resource estimate at the project. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) announces the resu | |
| Resources: | (Resource, Inf.): 25.09Mt 1.47g/t Au for 1.186Moz Au contained | |
| CP/QP: | [Resources]: Phil Newall, Andrey Tsoy (Independent) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) announces the results of a maiden Mineral Resource estimate for its Sergeevskoe Gold Project in Zabaikalsky Region, Russia. The Mineral Resource estimate was independently prepared by Wardell Armstrong International Ltd. ("WAI") in accordance with the guidelines of the JORC Code (2012)/CIM Definitions Standards and NI 43-101 requirements. A Technical Report covering the Mineral Resource estimate will be filed on SEDAR within 45 days of this news release. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “The maiden Mineral Resource was identified by Orsu from scratch during just two years of work within approximately 900x600 m area. Orsu now has a robust understanding of the gold grade distribution at Sergeevskoe and will specifically target higher grade areas in order to improve the geostatistical parameters in the higher grade shoots and therefore the average gold grade of the system. While the gold-mineralized system is constrained by the license boundary in the east, it remains widely open westward and to the north. Furthermore, the constructed block model clearly indicates a grade increase with depth in excess of 3 g/t gold.” Dr. Sergey V Kurzin, Executive Chairman of Orsu commented: “I would like to thank our exploration team for building a solid foundation for the Company. Given that only less than one square kilometer of Orsu’s 7.6 square kilometer property has been drilled so far, a maiden pit and license constrained resource makes an excellent start. Our recent work has generated an abundance of additional targets to be tested in 2019.” | |
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