http://online.wsj.com/article/PR-CO-20140218-904182.html
PRESS RELEASE
February 18, 2014, 6:05 a.m. ET Nevsun Increases Indicated Resource Tonnes
by 29% and Contained Copper by 22%
Highlights
-- Bisha tenements indicated resources of contained copper increases by 22%
to 1.4 billion pounds
-- Bisha tenements indicated resources of contained zinc increases to 3.2
billion pounds
-- Bisha pit supergene contained copper increases 1% in probable reserve,
even after 2013 depletion
-- All deposits remain open to further resource expansion
VANCOUVER, Feb. 18, 2014 /CNW/ - Nevsun Resources Ltd. (TSX: NSU / NYSE
MKT: NSU) ("Nevsun: or the "Company") is pleased to announce the maiden
open pit mineral resource estimates for the Hambok and Northwest Zone
deposits and the updated mineral reserve estimates for the Bisha Main and
Harena open pit mines. Hambok and the Northwest Zone are satellite deposits
to the Bisha Main pit and, in addition to Harena, are expected to provide
additional feed to the Bisha mill, extending mine life.
The total indicated mineral resource estimate of the combined Bisha Mining
Share Company ("BMSC") property tenements has increased 29% from the
previous total indicated mineral resource estimate of May 31, 2012, by an
additional 9.3 million combined oxide gold, supergene copper and primary
copper-zinc zone tonnes. This results in an additional 247 million pounds
of in-situ copper for a 22 percent increase in contained copper and an
additional 47 million pounds of in-situ zinc for a 1 percent increase in
contained zinc. Tables 1.1 to 1.5 contain the complete mineral resource
estimates for each deposit.
Using a Net Smelter Return (NSR) cut-off of US$39.55 per tonne at $2.90 and
$0.92 per pound copper and zinc respectively, the updated Bisha Main pit
probable mineral reserve estimate consists of supergene copper ore of 7.4
million tonnes grading at 3.57 % copper, 0.61 g/t gold and 27 g/t silver
and primary copper-zinc ore of 18.4 million tonnes grading at 1.02 %
copper, 5.66 % zinc, 0.68 g/t gold and 46 g/t silver. See Table 2.1 to 2.3
for details.
Cliff Davis, Nevsun CEO commented, "Despite mining depletion and cost
inflation since our last reserve report in mid-2012, Bisha base metal mine
life is 11 years, demonstrating the robust nature of the high grade Bisha
Main ore body."
The maiden open pit Hambok indicated mineral resource estimate includes 6.9
million tonnes grading at 1.14% copper and 1.86% zinc for 172 million
pounds copper and 281 million pounds zinc. The maiden open pit Northwest
Zone indicated mineral resource estimate includes 1.0 million tonnes of
supergene material grading 1.47% copper and 2.5 million tonnes of primary
material grading at 1.04% copper and 1.08% zinc for a combined 92 million
pounds copper and 60 million pounds zinc. See Tables 1.4 and 1.5 for
details.
CEO Cliff Davis further commented, "The addition of new resources at Hambok
and the Northwest Zone is an exciting first step to expanding the resource
base at Bisha. All four Bisha deposits are open with extensions that we
have yet to define. We also look forward to further exploration success and
unlocking the potential in the Bisha VMS camp."
The associated NI 43-101 Technical Report further detailing and supporting
the Mineral Resources and Mineral Reserves highlighted below in this
release will be filed on SEDAR no later than 45 days from today's date.
Qualified Persons Statement
All mineral resources and mineral reserves estimates in this report have
been prepared by the Qualified Persons described below in accordance with
Canadian National Instrument 43-101 - Standards of Disclosure for Mineral
Projects and the Canadian Institute of Mining, Metallurgy and Petroleum's
Classification System (CIM Definition Standards for Mineral Resources and
Mineral Reserves 2010).
The information in this press release that relates to mineral resources was
prepared by Paul Gribble, C. Eng., FIMMM, Chief Resource Geologist of BMSC.
The information in this report that relates to mineral reserves was
prepared by Jay Melnyk P. Eng. of AGP Mining Consultants Inc. The
information relating to mineral processing was prepared by Peter Munro
BAppSc., of Mineralurgy Pty. Ltd. Mr. Gribble, Melnyk and Munro are
Qualified Persons as defined by NI 43-101 and have reviewed and approved
the technical contents of this press release.
Peter Manojlovic, P.Geo., and Frazer Bourchier, P.Eng., are Nevsun's
designated Qualified Persons and have reviewed and approved the contents of
this press release.
A Quality Assurance/Quality Control programme was part of the sampling
programme for the Bisha work. Certified reference material (standards),
duplicates and blank samples are systematically inserted into the flow of
drill samples and results analysed on a batch by batch basis. This
programme includes a chain of custody whereby diamond drill core samples
are initially crushed and subsampled at the Bisha Mine sample preparation
facility and pulverised and analysed by ALS Chemex in Vancouver.
Multi-element analysis is completed using ICP-AES methods; gold is analysed
by fire assay with AAS finish. Reverse circulation drill samples are
processed at the Bisha Mine on site laboratory, which is a member of the
SGS group. Multi-element analysis is completed using AA methods with gold
also analysed by fire assay.
Cautionary Notes to Investors - Reserve and Resource Estimates
In accordance with applicable Canadian securities regulatory requirements,
all mineral reserve and mineral resource estimates of the Company disclosed
or incorporated by reference in this news release have been prepared in
accordance with Canadian National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101"), classified in accordance
with Canadian Institute of Mining Metallurgy and Petroleum's "CIM Standards
on Mineral Resources and Reserves Definitions and Guidelines" (the "CIM
Guidelines"). The definitions of mineral reserves and mineral resources are
set out in our disclosure of our mineral reserve and mineral resource
estimates in our Annual Information Form.
The Company uses the terms "mineral resources", "measured mineral
resources", "indicated mineral resources" and "inferred mineral resources".
While those terms are recognized by Canadian securities regulatory
authorities, they are not recognized by the United States Securities and
Exchange Commission (the "SEC") and the SEC does not permit U.S. companies
to disclose resources in their filings with the SEC.
Pursuant to the CIM Guidelines, mineral resources have a higher degree of
uncertainty than mineral reserves as to their existence as well as their
economic and legal feasibility. Inferred mineral resources, when compared
with measured or indicated mineral resources, have the least certainty as
to their existence, and it cannot be assumed that all or any part of an
inferred mineral resource will be upgraded to an indicated or measured
mineral resource as a result of continued exploration. Pursuant to NI
43-101, inferred mineral resources may not form the basis of any economic
analysis, including any feasibility study. Accordingly, readers are
cautioned not to assume that all or any part of a mineral resource exists,
will ever be converted into a mineral reserve, or is or will ever be
economically or legally mineable or recovered.
Forward Looking Statements
The above contains forward-looking statements or forward-looking
information within the meaning of the United States Private Securities
Litigation Reform Act of 1995, and applicable Canadian securities laws.
Forward-looking statements are frequently, but not always, identified by
words such as "expects," "anticipates," "believes," "intends," "estimated,"
"potential," "possible" and similar expressions, or statements that events,
conditions or results "will," "may," "could" or "should" occur or be
achieved. Forward-looking statements are statements concerning the
Company's current beliefs, plans and expectations about the future
regarding the Company's continuing operations in Eritrea including but not
limited to mineral resource and reserve estimates and future gold and
copper production, all of which are inherently uncertain. The actual
achievements of the Company or other future events or conditions may differ
materially from those reflected in the forward-looking statements due to a
variety of risks, uncertainties and other factors, including, without
limitation, the risks that: (i) any of the assumptions in the historical
resource estimates turn out to be incorrect, incomplete, or flawed in any
respect; (ii) the methodologies and models used to prepare the resource and
reserve estimates either underestimate or overestimate the resources or
reserves due to hidden or unknown conditions, (iii) exploration activities
or the mine operations are disrupted or suspended due to acts of god,
internal conflicts in the country of Eritrea, unforeseen government actions
or other events; (iv) the Company experiences the loss of key personnel;
(v) the Company's operations are adversely affected by other political or
military, or terrorist activities; (vi) the Company becomes involved in any
material disputes with any of its key business partners, lenders, suppliers
or customers; (vii) the Company is subjected to any hostile takeover or
other unsolicited attempts to acquire control of the Company; (viii) the
Company is subject to any adverse ruling in any of the pending litigation
to which it is a party; (ix) the Company incurs unanticipated costs as a
result of the transition from the oxide phase of the Bisha mining
operations to the copper phase in 2013; * the Company is unable to
effectively manage the sulphide rich reactive ground as it affects blasting
and continuous ore supply; (xi) the Company experiences a failure of
drilling, processing and mining equipment; (xii) the Company is unable to
achieve transport logistical efficiencies in the transportation of copper
concentrate from the mine site to port; or (xiii) are associated with the
speculative nature of mining activities, periodic interruptions to
operations, failure of drilling, processing and mining equipment, the
interpretation of drill results, changes to operations and project
plans and parameters, obtaining extensions, or renewals to licenses,
permits, concessions or consents from governmental authorities and other
risks are more fully described in the Company's Management Discussion and
Analysis for the fiscal year ended December 31, 2012, which is incorporated
herein by reference. The Company's forward-looking statements are based on
the beliefs, expectations and opinions of management on the date the
statements are made and the Company assumes no obligation to update such
forward-looking statements in the future, except as required by law. For
the reasons set forth above, investors should not place undue reliance on
the Company's forward-looking statements.
Please see the Company's Annual Information Form for the fiscal year ended
December 31, 2012, and the Company's Management Discussion and Analysis for
the year ended December 31, 2012, for a more complete discussion of the
risk factors associated with our business.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an operating
mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced commercial gold
production in February 2011 and then transitioned to and commenced
commercial copper production in December, 2013, and ranks as one of the
highest grade open pit copper mines in the world. Nevsun has a strong
balance sheet to grow shareholder value through exploration at Bisha and
acquisition of additional mining assets.
NEVSUN RESOURCES LTD.
"Cliff T. Davis"
Cliff T. Davis
President & Chief Executive Officer
Mineral Resources
The below reported Mineral Resources for Bisha and Harena are inclusive of
Mineral Reserves.
Table 1.1 Mineral Resource Estimate (Combined Bisha, Harena, Northwest and
Hambok)
Paul Gribble, C. Eng, Effective Date: December 31, 2013
Indicated Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 480 - - 6.6 20 - -
100 300
Supergene
Phase 8,480 3.41 - 0.6 25 638,650 -
160 6,920
Primary
Phase 32,260 1.05 4.59 0.6 36 743,920 3,223,350
570 36,430
Total
Indicated 41,220 1,382,570 3,223,350
830 43,650
Inferred Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 570 - - 3.9 19 - -
61 350
Supergene
Phase 110 1.37 - 3.4 18 4,200 -
10 70
Primary
Phase 1,752 0.80 4.19 0.7 33 31,230 163,210
40 1,910
Total
Inferred 2,432 35,430 163,210
111 2,330
Table 1.2 Bisha Mineral Resource Estimate
Paul Gribble, C. Eng, Effective Date: December 31, 2013
Indicated Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 410 - - 6.8 21 - -
90 270
Supergene
Phase 7,460 3.68 - 0.6 27 605,500 -
150 6,590
Primary
Phase 21,070 1.05 5.87 0.7 47 487,770 2,726,870
480 31,770
Total
Indicated 28,940 1,093,270 2,726,870
720 38,630
Inferred
Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 30 - - 7.3 39 - -
10 30
Supergene
Phase 10 7.23 - 0.1 10 2,200 -
0 0
Primary
Phase 1,300 0.80 4.50 0.5 36 23,100 129,600
20 1,500
Total
Inferred 1,340 25,300 129,600
30 1,530
Table 1.3 Harena Mineral Resource Estimate
Paul Gribble, C. Eng, Effective Date: December 31, 2013
Indicated Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 70 - - 5.5 14 - -
10 30
Primary
Phase 1,800 0.65 3.91 0.6 23 25,760 154,990
30 1,350
Total
Indicated 1,870 25,760 154,990
40 1,380
Inferred
Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 20 - - 5.9 8 - -
0 10
Primary
Phase 350 0.75 4.10 0.8 32 5,700 31,200
10 350
Total
Indicated 370 5,700 31,200
10 360
Table 1.4 Northwest Mineral Resource Estimate
Paul Gribble, C. Eng, Effective Date: December 31, 2013
Indicated Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase - - - - - - -
- -
Supergene
Phase 1,020 1.47 - 0.2 10 33,150 -
10 330
Primary
Phase 2,530 1.04 1.08 0.3 13 58,020 60,250
20 1,050
Total
Indicated 3,550 91,170 60,250
30 1,380
Inferred
Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 500 - - 3.7 18 - -
50 300
Supergene
Phase 100 0.80 - 3.7 19 2,000 -
10 70
Primary
Phase 100 0.90 0.90 2.9 15 2,400 2,400
10 60
Total
Inferred 700 4,400 2,400
70 430
Table 1.5 Hambok Mineral Resource Estimate
Paul Gribble, C. Eng, Effective Date: December 31, 2013
Indicated Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase - - - - - - -
- -
Primary
Phase 6,860 1.14 1.86 0.2 10 172,370 281,240
40 2,260
Total
Indicated 6,860 172,370 281,240
40 2,260
Inferred
Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone ('000s) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 20 - - 1.5 17 - -
1 10
Primary
Phase 2 0.90 0.20 0.2 8 30 10
0 0
Total
Indicated 22 30 10
1 10
Notes to be read in conjunction with the Resource tables above:
(1) NSR Cut-Off ($US/t): variable as per tables above. Mineral Resources are
defined within an optimal Lerchs-Grossman (LG) Pit Shell, generated using
metal prices for copper, zinc, gold and silver of $3.35/lb, $1.09/lb,
$1350/oz, $23/oz respectively using blocks of all Resource categories.
The mining cost and total ore based cost (process, G&A and stockpile
rehandle) applied was the 2014 budget mining cost with appropriate ore
haulage costs for each satellite deposit. Overall pit slopes varied from
34.5 deg to 44 deg for Bisha, 29 deg to 35.5 deg for Harena, from 39 to
45 for Northwest and 40 overall for Hambok (preliminary assessment)
(2) Net Smelter Return values were calculated for each block using both
Indicated and Inferred categories, metal prices, recoveries, appropriate
smelter terms and downstream costs. Metallurgical recoveries, supported
by metallurgical test work, were applied as follows:
a. Bisha oxide zone: recoveries of 88% and 22% were applied for gold
and silver respectively.
b. Harena oxide zone: a recovery of 75% was applied for gold.
c. Bisha Supergene zone; recoveries of 88%, 46% and 50% were applied
for copper, gold and silver respectively.
d. Bisha Hanging wall zone; recoveries of 85%, 46% and 50% were applied
for copper, gold and silver respectively.
e. Bisha Transition zone (mixed zinc and secondary copper zone below
the supergene); recoveries as per supergene zone were applied.
f. Bisha Primary zone; recoveries to copper concentrate of 85%, 36% and
29% were applied for copper, gold and silver respectively. Recoveries
to zinc concentrate of 83.5%, 9% and 20% were applied for zinc, gold
and silver respectively.
g. Harena primary zone; recoveries to copper concentrate of 85%, 36%
and 29% were applied for copper, gold and silver respectively. A zinc
recovery to zinc concentrate of 72% was applied.
h. Northwest oxide zone; recoveries of 88% and 22% were applied to gold
and silver respectively.
i. Northwest Supergene zone; recoveries of 87%, 46% and 50% were
applied for copper, gold and silver respectively. Zinc has not been
assigned a recovery as the values are isolated on the fringes of the
deposit.
j. Northwest Primary zone; recoveries to copper concentrate of 87%, 36%
and 29% were applied for copper, gold and silver respectively.
Recoveries to zinc concentrate of 81%, 9% and 20% were applied for
zinc, gold and silver respectively.
k. Hambok oxide zone; recoveries of 88% and 22% were applied to gold
and silver respectively.
l. Hambok; recoveries to copper concentrate of 88%, 87%, 36% and 29%
were applied for copper, zinc, gold and silver respectively.
Preliminary metallurgical characterisation studies, but not full
testing have been completed for Hambok.
(3) Mineral Resources are reported within the pit shell generated using the
specified commodity prices, using NSR block grade cut-off derived as
above. Tonnage is rounded to the nearest 10,000 tonnes and grades are
rounded to two decimal places for copper and zinc, one decimal place for
gold and no decimal places for silver. Tonnages and grades for the
Inferred category are further rounded reflecting the uncertainty that
attaches to this category.
(4) Rounding as required by reporting guidelines may result in apparent
summation differences between tonnes, grade and contained metal content.
(5) Tonnage and grade measurements are in metrics units. Contained gold and
silver ounces are reported as troy ounces, contained copper and zinc
pounds as imperial pounds.
(6) Stockpile tonnages are included as Indicated Resources in the total given
in the tables for Bisha and Harena.
(7) The Bisha Primary Inferred Resource includes an underground Resource.
This was derived by defining a shape around contiguous blocks where an
NSR of $100 was achieved. The value of NSR $100 represents the processing
cost plus approximately $60/t mining cost.
(8) Mineral Resources that are not Mineral Reserves do not have demonstrated
economic viability.
Mineral Reserves
Table 2.1 Mineral Reserve Estimate (Combined Bisha and Harena)
Jay Melnyk, P.Eng, Effective Date December 31, 2013
Probable Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone (1000's) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 510 - - 6.25 19 - -
103 280
Supergene
Phase 7,400 3.57 - 0.61 27 582,420 -
145 6,420
Primary
Phase 19,550 1.00 5.54 0.67 45 429,910
2,386,030 421 28,020
Total
Probable 27,460 1,012,330
2,386,030 669 34,720
Table 2.2 Bisha Mineral Reserve Estimate
Jay Melnyk, P.Eng, Effective Date December 31, 2013
Probable Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone (1000's) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 430 - - 6.50 20 - -
90 280
Supergene
Phase 7,400 3.57 - 0.61 27 582,420 -
145 6,420
Primary
Phase 18,390 1.02 5.66 0.68 46 413,540
2,294,730 402 27,200
Subtotal
Probable 26,220 995,960
2,294,730 637 33,900
Table 2.3 Harena Mineral Reserve Estimate
Jay Melnyk, P.Eng, Effective Date December 31, 2013
Probable Contained Metal
Tonnes Copper Zinc Gold Silver Cu Zn
Au Ag
Zone (1000's) % % g/t g/t ('000 lbs) ('000
lbs) ('000 Oz) ('000 Oz)
Oxide
Phase 80 - - 4.93 16 - -
13 -
Primary
Phase 1, 160 0.64 3.57 0.52 22 16,370 91,300
19 820
Subtotal
Probable 1,240 16,370 91,300
32 820
Notes to be read in conjunction with the Reserve tables above:
(1) NSR Cut-Off ($US/t): Oxide Phase $40.55 for Bisha and $42.41 for Harena:
Supergene Phase $39.55 for Bisha and Primary Phase $39.55 for Bisha and
$42.41 for Harena. Mineral Reserves are defined within a mine plan, with
phase designs guided by Lerchs-Grossman (LG) Pit Shells, generated using
metal prices for copper, zinc, gold and silver of $2.90/lb, $0.92/lb,
$1175/oz, $20/oz respectively. The mining cost applied was the 2014
budget mining cost with appropriate haulage cost adjustments. The total
ore based cost (process, G&A and stockpile rehandle) are $40.55/t for
oxide, and $39.55/t for supergene and primary ores. Harena ore based
costs include an additional $2.63/t overland ore haulage cost. Overall
pit slopes varied from 34.5 deg to 44 deg for Bisha and from 29 deg to
35.5 deg for Harena.
(2) Net Smelter Return values were calculated using diluted indicated grades,
metal prices, recoveries and appropriate smelter terms and downstream
costs. Metallurgical recoveries, supported by metallurgical test work,
were applied as follows:
a. Bisha oxide zone: recoveries of 88% and 22 % were applied for gold
and silver respectively.
b. Harena oxide zone: a recovery of 75% was applied for gold, 80
ktonnes of oxide remain in the Harena pit.
c. Bisha Supergene zone; recoveries of 88%, 46% and 50% were applied
for copper, gold and silver respectively.
d. Bisha Hanging wall zone; recoveries of 85%, 46% and 50% were applied
for copper, gold and silver respectively.
e. Bisha Transition zone (mixed zinc and secondary copper zone below
the supergene): the same metallurgical parameters as the Bisha
supergene zone are applied.
f. Bisha Primary zone; recoveries to cooper concentrate of 85%, 36% and
29% were applied for copper, gold and silver respectively. A recovery
to zinc concentrate of 83.5%, was applied for zinc. Gold and Silver
reporting to zinc concentrate are not expected to be payable.
g. Harena primary zone; recoveries to copper concentrate of 85%, 36%
and 29% were applied for copper, gold and silver respectively. A zinc
recovery to zinc concentrate of 72% was applied. Gold and Silver
reporting to zinc concentrate are not expected to be payable.
(3) Mineral Reserves are reported within Bisha and Harena ultimate pit
designs, using NSR block grade, where the marginal cut-off is the total
ore based cost stated above. Tonnages are rounded to the nearest 10,000
tonnes and grades are rounded to two decimal places with the exception of
silver which was rounded to zero decimal places.
(4) Rounding as required by reporting guidelines may result in apparent
summation differences between tonnes, grade and contained metal content.
(5) Tonnage and grade measurements are in metrics units. Contained gold and
silver ounces are reported as troy ounces, contained copper and zinc
pounds as imperial pounds.
(6) The life of mine stripping ratios tonnes for Bisha and Harena are 5.6: 1
and 5:7 : 1 respectively.
(7) The Bisha Probable oxide Mineral Reserve includes the pyrite sand and
uncrushed DSO stockpiled material, being 320 kt at 7.8 g/t Au in
stockpile as of 31 Dec 2013
(8) The Bisha Probable supergene Mineral Reserves include 105 kt at 5.25% Cu
in stockpile as of 31 Dec 2013
(9) For Bisha and Harena, conversion from Mineral Resource to Mineral Reserve
included a mining dilution of 2m applied around contiguous blocks that
exceeded the appropriate NSR cut-off value.
SOURCE Nevsun Resources Ltd.
/CONTACT: Kin Communications
Tel: 604 684 6730
Toll free: 1 866 684 6730
Email: NSU_at_kincommunications.com
Website: www.nevsun.com
Copyright CNW Group 2014
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Received on Tue Feb 18 2014 - 20:48:28 EST