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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-1-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 24.75m @ 3.4g/t Au from 139.4m. 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 completion of a Phase 2 diamond drilling program and reports significant results at its Sergeevskoe Gold Project in Russia. The first 8 holes, 1,723.0 metres of the Phase 2 program, were announced on November 9 and November 13, 2017. The second set of 12 holes, 1921.50 metres were completed on December 24, 2017, with only the first assays being received from Phase 2. Results from the remaining holes are pending. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “In the central part of the 530x120 m west-east trending Zone 23 at the Sergeevskoe Gold Project, Orsu was able to successfully reveal a downdip extension of mineralization for 125-150 m from the surface, where much better goldmineralized intervals than previously reported were intercepted. The mineralization remains open both downdip and along strike.” The license of the Sergeevskoe Gold Project occurs immediately east from the Alexandrovskoe open pit and gold plant owned by Zapadnaya Gold Mining Ltd and 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 December 1, 2017). | |
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