Date: Mon, 7 Nov 2011 14:47:31 +0100
2011 Press Releases- Nevsun Drills 88.5m of 11.8% Zinc at Bisha Mine
November 07, 2011
http://www.nevsun.com/news/2011/november03/
<http://www.nevsun.com/> Nevsun Resources Ltd. (TSX:NSU / NYSE Amex:NSU) is pleased to report assays from the 41 infill diamond drill holes at the Bisha Main deposit.
Highlights
- High-grade zinc with copper below current Bisha pit design
- Confirmation of mineralization grades and widths at depth
Select High Grade Results Include:
- Hole #B-433 - 88.50m of 11.84% Zn & 0.76% Cu from 268.0m-356.5m
- Hole #B-459 - 94.65m of 8.29% Zn & 0.84% Cu from 308.5m-403.15m
- Hole #B-461 - 85.90m of 10.71% Zn & 0.86% Cu from 275.1m-361.0m
- Hole #B-427 - 103.80m of 4.98% Zn & 1.13 % Cu from 234.0m-363.0m
- Hole #B-434 - 99.60m of 5.78% Zn & 1.27% Cu from 294.4m-394.0m
The objective of this program was to infill drill the inferred resource portion of the Bisha Main deposit to convert those resources to an indicated resource category. The results were positive, and have confirmed the grade and continuity of the Bisha primary zone below the current pit shell design. The resulting resource and reserve restatement is expected in Q1 2012.
Cliff Davis, CEO commented, "Bisha is a world class VMS deposit that we see evolving into a world class VMS mining camp. The high-grade zinc and copper intercepts released today are part of an ongoing program to grow organically through drilling known mineralization in and around the Bisha operation."
The 16,000m of drilling took place May through July 2011. Detailed results are in the attached schedule together with a <http://www.nevsun.com/news/2011/november03/#map> map of the hole locations.
http://www.nevsun.com/news/2011/november03/pic1.jpg
Hole ID
>From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (%)
Pb (%)
Zn (%)
Azimuth
Dip
B-422
170.00
207.50
37.50
0.93
66.39
0.79
0.47
10.20
90
-68
Incl.
179.50
203.00
23.50
0.27
42.00
0.43
0.38
14.10
B-423
188.00
235.00
47.00
1.01
81.91
1.47
0.43
10.80
90
-74
Incl.
191.00
197.00
6.00
0.71
129.00
0.89
0.86
17.15
and
200.00
203.50
3.50
0.92
99.14
0.40
0.71
22.09
and
208.00
215.50
7.50
1.07
103.60
0.53
1.11
27.86
B-425
234.00
363.00
129.00
0.24
17.31
0.36
0.08
5.85
90
-65
Incl.
246.00
249.00
3.00
0.64
93.00
1.01
0.71
16.55
and
262.95
268.50
5.55
0.91
93.92
0.83
0.82
19.38
and
319.50
343.50
24.00
0.84
54.94
0.67
0.44
17.61
B-426
351.10
386.50
35.40
0.49
22.06
0.42
0.15
3.69
90
-65
Incl.
376.00
384.35
8.35
0.67
44.94
0.70
0.45
8.90
B-427
225.70
329.50
103.80
0.60
47.34
1.13
0.19
4.98
90
-60
Incl.
225.70
254.50
28.80
0.85
97.64
1.63
0.58
12.47
and
320.50
329.50
9.00
0.56
35.67
0.98
0.04
7.85
B-428
350.20
428.50
78.30
0.69
43.20
0.44
0.28
5.69
90
-72
Incl.
407.50
422.50
15.00
1.02
115.80
0.60
0.87
17.69
B-429
342.00
399.00
57.00
0.62
43.43
0.47
0.39
6.77
90
-66
Incl.
381.00
391.50
10.50
0.62
90.86
0.69
1.03
21.13
B-430
302.80
374.50
71.70
0.64
67.61
0.88
0.68
12.44
90
-60
Incl.
319.00
362.50
43.50
0.80
97.03
1.06
1.05
18.21
B-431
254.50
334.00
79.50
0.87
63.58
1.45
0.28
8.68
90
-55
Incl.
266.30
272.50
6.20
0.75
71.85
0.98
0.57
16.70
and
289.00
298.00
9.00
1.04
79.67
0.92
1.02
21.73
and
311.50
319.00
7.50
1.07
62.60
0.61
0.15
13.37
B-432
274.00
355.00
81.00
0.68
62.63
0.81
0.54
12.25
90
-82
Incl.
309.80
325.00
15.20
0.65
71.11
0.62
0.95
20.47
and
329.60
347.50
17.90
0.79
48.42
0.73
0.37
15.65
B-433
268.00
356.50
88.50
0.69
59.87
0.76
0.66
11.84
90
-67
Incl.
297.88
304.00
6.12
0.84
121.89
1.54
0.88
17.31
and
308.50
352.00
43.50
0.91
69.97
0.70
0.98
18.37
B-434
294.40
394.00
99.60
0.87
57.78
1.27
0.29
5.78
90
-72
Incl.
334.50
341.35
6.85
0.52
109.36
0.91
1.21
22.12
and
346.10
355.50
9.40
0.81
101.27
0.83
0.81
23.25
B-435
323.50
349.00
25.50
0.72
37.35
0.42
0.26
5.87
90
-65
Incl.
340.00
347.50
7.50
1.09
81.80
0.70
0.66
15.32
B-436
280.00
301.00
21.00
0.94
22.00
0.93
0.03
0.62
90
-60
B-437
309.90
392.50
82.60
0.64
35.36
1.08
0.18
3.22
90
-60
Incl.
326.50
338.50
12.00
0.50
77.32
0.81
0.91
13.98
and
386.50
389.50
3.00
0.63
33.50
1.04
0.20
10.51
B-438
338.50
359.50
21.00
0.55
52.14
0.43
0.72
11.98
90
-75
Incl.
344.50
358.00
13.50
0.65
72.11
0.53
1.07
17.14
B-439
300.50
321.50
21.00
0.73
31.14
0.43
0.13
4.27
90
-65
Incl.
315.50
320.00
4.50
0.91
62.33
0.59
0.46
14.05
B-440
374.50
383.50
9.00
0.65
32.83
0.39
0.17
5.60
90
-67
Incl.
377.50
379.00
1.50
0.46
57.00
0.46
0.45
16.55
and
380.50
382.00
1.50
0.76
66.00
0.55
0.36
11.50
B-441
52.50
74.00
21.50
0.68
20.33
0.85
0.12
1.78
90
-60
And
189.50
215.00
25.50
0.49
34.82
0.75
0.28
6.59
Incl.
201.50
210.50
9.00
0.75
64.00
0.84
0.73
15.19
B-442
55.00
77.25
22.25
0.90
21.35
0.49
0.13
2.23
90
-68
And
218.20
242.50
24.30
0.38
22.42
0.51
0.14
4.10
Incl.
233.50
239.50
6.00
0.81
47.50
0.75
0.42
11.06
B-443
50.50
85.45
34.95
1.05
20.17
0.48
0.12
1.90
90
-75
And
243.40
261.00
17.60
0.47
25.61
0.48
0.15
3.96
Incl.
255.00
259.50
4.50
0.82
47.00
0.67
0.42
10.30
B-444
264.00
283.50
19.50
0.53
46.77
0.80
0.49
12.01
90
-50
Incl.
271.50
282.00
10.50
0.72
68.86
0.73
0.90
21.46
B-445
263.50
277.00
13.50
0.58
48.33
0.54
0.68
14.36
90
-55
Incl.
268.00
275.50
7.50
0.69
71.20
0.67
1.10
21.71
B-446
235.50
262.50
27.00
0.59
33.98
0.64
0.23
5.80
90
-60
Incl.
246.25
252.00
5.75
0.78
66.39
0.71
0.85
18.62
B-447
264.50
285.50
21.00
0.35
31.50
0.52
0.26
7.44
90
-67
Incl.
276.50
284.00
7.50
0.59
61.80
0.59
0.67
18.32
B-448
293.00
312.00
19.00
0.71
42.79
1.01
0.32
7.55
90
-50
Incl.
300.00
306.00
6.00
0.86
68.50
0.92
0.83
17.09
B-449
347.00
350.00
3.00
0.69
37.50
1.06
0.21
6.00
90
-65
B-450
333.00
349.50
16.50
0.50
32.64
0.81
0.23
4.81
90
-50
Incl.
337.50
343.50
6.00
0.77
50.25
0.63
0.55
12.28
B-451
358.50
361.50
3.00
0.80
37.50
0.90
0.24
7.09
90
-56
B-452
415.00
425.50
10.50
0.45
23.14
0.27
0.22
5.04
90
-67
Incl.
422.50
425.50
3.00
0.60
55.00
0.42
0.65
14.98
And
437.50
439.00
1.50
0.54
45.00
0.56
0.17
4.24
B-453
393.00
403.50
10.50
0.68
66.00
0.76
0.64
14.48
90
-60
Incl.
397.50
402.00
4.50
0.63
81.67
0.30
0.97
21.02
B-454
270.00
291.00
21.00
0.56
36.21
0.86
0.20
4.52
90
-60
Incl.
283.50
288.00
4.50
0.63
64.33
0.89
0.69
14.87
B-455
444.00
484.50
40.50
0.97
43.93
0.44
0.35
6.67
90
-65
Incl.
468.00
478.50
10.50
0.73
86.57
0.56
0.96
18.22
And
499.50
508.50
9.00
1.14
31.83
2.66
0.01
1.07
B-456
366.50
401.00
34.50
0.47
47.26
0.52
0.43
7.48
90
-65
Incl.
381.50
395.00
13.50
0.41
79.89
0.56
0.94
14.19
B-457
394.50
407.30
12.80
0.76
24.26
0.24
0.14
2.70
90
-65
And
421.40
451.50
30.10
0.67
41.27
0.46
0.35
6.41
Incl.
441.00
448.50
7.50
0.70
59.80
0.75
0.58
14.96
B-458
235.00
356.50
121.50
0.56
34.95
0.81
0.19
5.10
90
-60
Incl.
241.00
269.50
28.50
0.70
81.24
0.99
0.64
15.50
and
347.50
355.00
7.50
0.52
36.40
0.54
0.38
15.36
B-459
308.50
403.15
94.65
0.62
52.32
0.84
0.41
8.29
90
-60
Incl.
338.50
400.00
61.50
0.68
64.65
1.05
0.50
11.34
B-460
332.85
369.00
36.15
0.82
42.19
0.46
0.27
6.33
90
-65
Incl.
354.00
367.50
13.50
1.29
81.78
0.59
0.59
13.15
B-461
275.10
361.00
85.90
0.61
61.91
0.86
0.49
10.71
90
-62
Incl.
309.65
353.50
43.85
0.83
77.81
1.12
0.61
14.90
B-462
307.00
383.50
76.50
0.72
42.82
0.55
0.29
6.16
90
-72
Incl.
358.00
376.00
18.00
0.79
92.08
0.74
0.83
18.00
Note. True thickness is estimated at approximately 85% of the drill intervals reported in the table.
Hole B-424 showed no significant mineralization.
Darin Wasylik, Senior Geologist for Nevsun, a qualified person under National Instrument 43-101, supervised and directed all work associated with the drilling program.
Sample preparation and analysis were conducted at ALS Chemex of Vancouver, Canada.
Forward Looking Statements: The above contains statements regarding positive drill results, near term additional drill results and anticipated resource and reserve re-statement. 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 about the future and are inherently uncertain, and 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, those described in the Management Discussion and Analysis of the Company. 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. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
NEVSUN RESOURCES LTD.
Cliff T. Davis
President & Chief Executive Officer
For further information, please contact:
Kin Communications
Tel: 604 684 6730
Toll free 1 866 684 6730
Email: <mailto:ir_at_kincommunications.com> ir_at_kincommunications.com
Website: <http://www.nevsun.com/> www.nevsun.com
MAP: LOCATIONS OF DRILL HOLES
Location of drilling holes
----[Mailing List for Eritrea Related News ]----
(image/jpeg attachment: image001_jpg)
(image/png attachment: image002_png)