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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 12/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 9.7m @ 2.34g/t Au from 64.75m. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “The final batch of assays from 2018 drillholes helped to better constrain the eastern part of Zone 23, which can be now traced for 900 m from the west to the east, where it merges with gold mineralization of Adit 5. Along with the previously reported 750 m long stockwork at Kozie-Klyuchi West, a maiden resource will be estimated for all four mineralized clusters to a depth of drilling within 1 sq km of the 7.6 sq km Sergeevskoe license area where Orsu so far undertook all exploration works". Dr. Sergey Kurzin, the Executive Chairman of the Company, noted: “In September 2018, due to the positive results obtained Orsu decided to expand the 2018 exploration campaign, which ultimately reached a total of 13,463.8 meters drilled in order to more precisely delineate the four exploration targets. I am pleased that our exploration team together with our consultant Wardell Armstrong International has started the maiden resource estimation work, which we expect to complete in January 2019, followed by a preliminary economic assessment in March-April 2019 pending metallurgical test results”. The license of the Sergeevskoe Gold Project occurs east from the Aleksandrovskoe open pit and gold plant owned by Zapadnaya Gold Mining Ltd and immediately to the west from the Klyuchevskoe gold license owned by Sun Gold Mining (Figure 1). The Klyuchevskoe (Klyuchi) gold deposit represents a +6 Moz gold endowment (see Orsu press-release dated September 21, 2016). Orsu owns a 90% interest in the Sergeevskoe Gold Project (see press release dated November 6, 2017). | |
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