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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 8/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 22.2m @ 2.62g/t Au from 153.75m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is deli | |
| 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 hole SDH18-43 at Zone 23, as part of the 10,500 meters (‘m’) drilling program at its Sergeevskoe Gold Project in Russia. The program is designed to deliver an estimation of a maiden resource by Q4 2018. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Orsu successfully started testing the western extent of gold mineralization at Zone 23. It is encouraging to see that SDH18-43 returned 22.2 m grading 2.62 g/t Au versus the previously reported total average drill width of the Main stockwork of 16.5 m at 2.23 g/t of Au (see Orsu press-release July 16, 2018). This hole lifts the average gold grade in the Main stockwork to 2.45 g/t Au, demonstrating consistent presence of the higher gold grades in the system. Both Main and Southern stockworks of Zone 23 continue to the west, totaling 280 m vis-à-vis 240 m reported by Orsu only three weeks ago (see Orsu press-release July 16, 2018). Their average combined drill width reaches 33.08 m averaging 1.89 g/t Au at the upper range of the 1.5-2.0 g/t Au guidance estimated based on 2017 drilling and trenching results prior to commencement of the 2018 program. The Company continues to do step-out drilling at Zone 23 both eastwards and westwards and expects to report shortly further results for gold mineralization at the western and eastern extents of Zone 23” | |
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