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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 7/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 19.2m @ 2.61g/t Au from 237.8m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce significant drilling results in three additional sections at Zone 23, as part of the 10,000 meters (‘m’) drilling program at its Sergeevskoe Gold Project in Russia. The program is designed to test new targets and to culminate in an estimation of a maiden resource by Q4 2018. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Orsu successfully extended the gold mineralization eastward in three drill sections spaced 80 m in addition to the previously reported section 9300E. The Main and Southern stockworks can be consistently traced across four sections from the west to the east for a total of 240 m along the strike. Mineralization was drill-confirmed to a depth of 200-250 m. Its eastern extents limited by mineralized zones of Adit 5, and such relationships are being tested as part of the program. At Zone 23, the mineralized zones remain open downdip and to the west, where mineralization becomes wider and can be seen in historical trenches for additional 300 m westward. Orsu is currently drilling the follow-up holes at the western continuation of Zone 23. If successful, this would extend the strike of Zone 23 to over 600 meters. I am equally pleased with the average grade of the intercepts in all sections across the Main stockwork in the 2017 and 2018 holes at 2.23 g/t Au over 16.5 m. In the Southern stockwork, it averages 1.49 g/t Au over 12.7 m. The total average drill width of the two stockworks in four drill sections is 29.2 m grading 1.91 g/t Au, being on the upper side of the earlier announced grade guidance. Orsu Metals is firmly on track of announcing a significant maiden gold resource later this year.” | |
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