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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 10/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-10-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 17.9m @ 1.81g/t Au, 167.55g/t Ag from 8.5m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is delighted to announce new excellent drilling results from infill 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: “We are extremely pleased with a flow of excellent drill intercepts, confirming high grade gold shoots and adding silver as bi-product at Zone 23. Very high grade silver intercepts demonstrate that some parts of the system are enriched in this important by-product metal, which will be further assayed and explored”. Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: “It is the first time that we hit some truly high silver grades at Sergeevskoe. We have been systematically assaying, but largely ignoring the potential economic value of silver until now and concentrated on gold. But one can’t ignore 5.5 ounces of silver, a rough equivalent of 2 grams of gold, crossed over almost 18 meters. We need to understand this silver occurrence, conceptualize it and test our emerging understanding of silver at Sergeevskoe while doing the next stage of exploration. I also note that we have already completed some in-fill drilling which means that even in our maiden NI43-101 resource to be prepared later in 2018 we expect to have some resources in measured and indicated categories, not just inferred” | |
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