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Orsu Metals Corp.
Summary
| Project: | Sergeevskoe | |
|---|---|---|
| Deposit: | Zone 23 | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 1/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2018: Orsu Metals Corp. announces an Exploration/Drilling Update report for its Zone 23 deposit at the Sergeevskoe project. Drilling results incl. 19.1m @ 1.58g/t Au from 74.6m. Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) extends m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Yakubchuk (Internal) | |
| ABSTRACT: | Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) extends mineralization at Zone 23 of its Sergeevskoe Gold Project in Russia. Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “Holes SDH17-16 and SDH17-17 revealed a good eastward extension of gold mineralization and continuity of gold grade identified in holes SDH17-1 and SDH17-15. Together with historical hole C230 the drill-confirmed extent of gold mineralization in the eastern part of Zone 23 reaches 120 m along the strike, 150 m downdip, and 70 to 100 m across. The mineralization remains open downdip, across the strike, and for additional 400 m to the west.” 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). Orsu has now received assays for holes SDH17-16 and SDH17-17, which were drilled in one fence approximately 80 m east (Figure 2) of the previously reported hole SDH17-15 (see press release January 22, 2018) in Zone 23. The mineralization intercepted in these holes is principally similar in style and geological setting to that reported in SDH17-15 (Figure 3). | |
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