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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 8/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 27m @ 1.31g/t Au from 97.5m. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Orsu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Orsu successfully extended the gold mineralization both westward and eastward at Zone 23. Both stockworks remain open downdip and to the west of section 9220E, where Orsu has already drilled two drill fences up to the westernmost section 9010E. The combined drill width over the entire drill-proven and assayed 400 m strike length and 150-250 m depth is 24.96 m grading 1.86 g/t Au versus the previously reported total average drill width of 33.08 m averaging 1.89 g/t Au over 240 m, e.g., within the 1.5-2.0 g/t Au guidance estimated based on 2017 drilling and trenching results prior to commencement of the 2018 program. Most spectacularly, four consecutive cross-sections, spanning a strike length of more than 320 m in the middle segment of Zone 23, returned consistent +2 g/t Au mineralized shoots in both stockworks. The shoots are plunging at 65 degrees to the east and guide us to target the highergrade core. The Company completed most drilling works at Zone 23 and reported results will become an integral part of the forthcoming maiden resource estimate”. Dr Sergey V Kurzin, Executive Chairman of Orsu, commented: “Splendid. As the Company reported earlier, we expected that we might be able to extend the Main and Southern stockworks at Zone 23 (see Orsu press-releases dated 16th of July, 2018 and 15th of August, 2018). Now this expectation has been confirmed. Zone 23 behaves predictably and excellently so far, and credit goes to our exploration team for handling this area with great skill and effort. Zone 23 is a major building block of Orsu’s maiden mineral resource statement expected in Q4 2018”. | |
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