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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 10/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-10-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 10.25m @ 4.12g/t Au from 57.5m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is delig | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is delighted to announce excellent drilling results from additional holes at Zone 23, as part of the extended 12,500 meters (‘m’) drilling program at its Sergeevskoe Gold Project in Russia. The program is designed to deliver an estimation of a maiden resource in Q4 2018. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Orsu successfully confirmed the gold mineralization over a strike length of 740 m at Zone 23 in 10 drill sections (including holes drilled in 2017). Drill hole SDH18-63, in particular, returned the best intercepts in Zone 23, in the Main and Southern stockworks, when combined including 3 m wide low grade mineralization, running 2.15 g/t Au over 33 m, just 50 m below surface. The intercepts were received in pursuit of the previously reported +2 g/t Au mineralized shoots. In addition to the Main and Southern stockworks, we identified a New stockwork at the apparent southern periphery of Zone 23. This stockwork remains open to the west, and all stockworks remain unconstrained at depth”. Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: Excellent holes and excellent news. We reported earlier (see Orsu press-release dated August 22, 2018) drill-proven strike length of over 600 m in Zone 23 and now we have been able to grow it to 740 meters. As a reminder, Zone 23 is a major building block of the Company’s maiden 43-101 resource expected in Q4 2018. The thickness and the grades behave consistently in Zone 23 and are at the higher end of our expectations. We intend to finish this year’s exploration program within 3-4 weeks and will commit fully to producing a maiden resource immediately followed by the Preliminary Economic Assessment. I am quite pleased with the pace of our work on Sergeevskoe.” | |
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