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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Sergeevskoe | |
| Location: | Russia | |
| Commodities: | Gold-Silver | |
| Date: | 2/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Orsu Metals Corp. announces a Resource Estimation report for its Sergeevskoe deposit at the Sergeevskoe project. Updated mineral resource estimate. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce the result | |
| Resources: | (Resource, Inf.): 30.42Mt @ 1.45g/t Au at project | |
| CP/QP: | [Resources]: Phil Newall (Wardell Armstrong International Ltd.) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce the results of an updated Mineral Resource estimate for its Sergeevskoe Gold Project in Zabaikalsky Krai, 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: “As a result of the 2019 exploration programme, Orsu was able not only to double the mineralized footprint to 2x1 km at Sergeevskoe, the Company also succeeded in increasing by 19.3% its previously announced maiden Mineral Resource. We have no doubt that it is possible to further grow this resource as, due to the size of the limited drilling programme, obvious gaps were left along the strike of mineral wireframes. In addition, the system remains widely open to the west and north.” | |
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