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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 6/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 22.95m @ 1.42g/t Au from 325.05m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is ple | |
| 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 for the first 3 holes, totaling 837.2 metres (“m”) of the 10,000 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. Results from the other holes and new trenches are pending. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “In section 9300E in the central part of the 530x120 m west-east trending Zone 23, Orsu was able almost to double the vertical extent of gold mineralization in the Main stockwork from the previously reported 125-150 m to 210-230 m vertically from the surface. If to exclude narrow and relatively low grade mineralized zones, the average grade of the three intercepts across the thickest and most consistent part of the Main stockwork in the 2017 and 2018 holes is 2.09 g/t Au over 24 m. Our deep drilling also identified a new Southern stockwork at Zone 23. Although historical trenches and our shallow drillholes intercepted only narrow 1-2-m-thick veins near the surface, they increase in width from 3 m at a depth of 50-70 m to more than 20 m at the vertical depth of 260-280 m. The gold mineralization averages 1.38 g/t Au over 20 m in the three widest drill intercepts across the Southern stockwork. The gold mineralization at Zone 23 is now constrained to the south, forming a 100- m-wide mineralized corridor of two stockwork zones. It still remains open downdip and along strike.” | |
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