http://www.streetinsider.com/Press+Releases/Nevsun+Announces+Additional+Positive+Exploration+Drilling+Results+for+Harena/10008522.html
Press Releases
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Nevsun Announces Additional Positive Exploration Drilling Results for Harena
​November 13, 2014 7:50 AM EST
*HIGHLIGHTS *
- *Intersections of massive sulphide including:*
- *Hole HX-021: 1.82% Cu, 2.66% Zn, 0.40 g/t Au, 40.6 g/t Ag over
36.8 meters*
- *Hole HX-022: 2.66% Cu, 0.96% Zn, 0.79 g/t Au, 44.8 g/t Ag over
9.9 meters*
- *Hole HX-023: 1.04% Cu, 3.82% Zn, 1.05 g/t Au, 28.5 g/t Ag over
38.0 meters*
- *High grade gold-rich footwall stringer intersections including:*
- *Hole HX-025: 0.37% Cu, 1.72% Zn, 3.13 g/t Au, 85.5 g/t Ag over
17.9 meters*
- *Deposit now extended 350 meters down plunge from original resource to
a depth of 400 meters*
- *Mineralization remains open with good widths still being encountered*
- *Additional drilling and geophysical surveys ongoing*
VANCOUVER, Nov. 13, 2014 /CNW/ - Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:
NSU) (Nevsun or the Company) is pleased to announce further assay results
from exploration drilling completed on the Harena Mining License located 10
kilometers south of the Bisha Mine and processing plant. The drilling is
part of the 2014 Bisha Regional Exploration program.
Nevsun CEO Cliff Davis commented, "Our exploration program at Harena
continues to demonstrate the growth potential of our known resources.
Harena and Bisha are both still open at depth and the greater Bisha area
remains under-explored. We will continue to further assess Harena and the
greater potential of the Bisha VMS district over the remainder of 2014 and
into 2015."
*2014 Regional Exploration Program Update*
To date, Bisha Mining Share Company (BMSC) has completed approximately
24,000 meters of a 27,000 meter planned diamond drilling program. Diamond
drilling is in progress at Harena with two diamond drills operating and is
scheduled to resume on the Mogoraib River Exploration License later in
November once crops have been harvested following a healthy rainy season.
Geophysical surveys are also in progress and consist of ground and borehole
Transient Electromagnetic (BHTEM) surveys. These surveys have been
instrumental in guiding the drilling at Harena.
*Harena Drill Results*
The 2014 Harena exploration results reported today, are part of an on-going
program designed to expand the deposit beyond the known resource (see also
press releases dated August 18 and September 23, 2014). Drilling is being
guided by BHTEM surveys as the massive sulphides give strong
electromagnetic responses. Numerous in-hole, edge and off-hole responses
have been detected and the drilling of these targets has been successful.
A plan map of the drilling and representative sections are attached at the
end of this release.
Thick intervals of massive, semi-massive and stringer sulphides have now
been encountered down to a depth of 400 meters below surface and 350 meters
down plunge and to the south of the resource as reported in the December
31, 2013, NI43-101 Mineral Resource and Reserve Statement. Hole HX-023 is
the deepest hole drilled to-date at Harena and intersected 38.0 meters of
massive sulphide grading 1.04% Cu, 3.82% Zn, 1.05 g/t Au and 28.5 g/t Ag.
Intensely sericite and chlorite altered felsic volcanic rocks with
associated sulphide stringer zones continue to be intersected in the
footwall and immediately along strike of the massive sulphides. These
stringer zones often have high precious metal values such as in hole HX-025
which returned 3.13 g/t Au and 85.5 g/t Ag over 17.9 meters including 6.5
meters grading 6.59g/t Au and 184.6 g/t Ag.
The Harena mineralization is open at depth and down plunge. The massive
sulphide zone is thick and the host felsic volcanic unit continues to be
highly altered, suggesting that the deposit is robust and likely to
continue at depth. Future drilling will assess this potential.
*Quality
Assurance
*
A Quality Assurance/Quality Control program was part of the sampling
program for the Harena work. This program includes chain of custody
protocols as well as systematic use of standards, duplicates and blank
samples into the flow of samples produced by the sampling. Samples were
prepared at African Horn Testing Services (Eritrea) and analyzed at
Genalysis Laboratories (a NATA registered laboratory) in Perth, Western
Australia. Drilling intercept lengths only are reported in the tables and
text below.
Mr. Robert Foy P.Geo., BMSC's Exploration Manager, has been overseeing the
drilling at Harena and is a Qualified Person as defined by NI 43-101. Mr.
Foy has reviewed the technical content of this press release and approved
its dissemination.
*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 copper
concentrate 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 and future cash flows to grow shareholder value through exploration
at Bisha and acquisition of additional mining assets.
*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
including but not limited to commercial production, future production of
copper and related cash flows and 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 or exploration activities 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, 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 or required repairs to the copper floatation plant**;**
or * are associated with the **speculative nature of exploration
activities, periodic interruptions to exploration, failure of drilling,
processing and mining equipment, the interpretation of drill results and
the estimation of mineral resources and reserves, changes to exploration
and project plans and parameters and** other risks are more fully described
in the Company's Management Discussion and Analysis for the fiscal year
ended December 31, 2013, 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, 2013, and the Company's Management Discussion and Analysis for
the year ended December 31, 2013, for a more complete discussion of the
risk factors associated with our business.*
*NEVSUN RESOURCES LTD.*
*"Cliff T. Davis"*
Cliff T. Davis President & Chief Executive Officer
*Harena Intersections (not previously reported)*
*HOLE ID*
*From (m)*
*To (m)*
*Length(m)*
*Cu (%)*
*Zn (%)*
*Au (g/t)*
*Ag (g/t)*
*HX-021*
*188.40*
*225.20*
*36.80*
*1.82*
*2.66*
*0.40*
*40.6*
includes
188.40
199.00
10.60
1.11
4.64
0.25
34.6
and
199.00
214.00
15.00
3.00
0.65
0.55
55.5
and
214.00
221.00
7.00
0.29
4.79
0.20
20.1
and
221.00
225.20
4.20
1.94
1.28
0.59
36.4
*HX-022*
*273.50*
*283.40*
*9.90*
*2.66*
*0.96*
*0.79*
*44.8*
includes
276.00
280.00
4.00
5.15
1.87
0.94
76.0
HX-022
372.20
399.00
26.80
0.48
0.54
0.57
33.1
*HX-023*
*387.00*
*425.00*
*38.00*
*1.04*
*3.82*
*1.05*
*28.5*
includes
387.00
412.00
25.00
0.62
5.40
0.23
18.5
and
412.00
420.00
8.00
2.70
1.28
0.76
46.3
and
420.00
425.00
5.00
0.53
0.04
5.60
50.2
HX-024
No Significant Values
*HX-025*
*288.10*
*306.00*
*17.90*
*0.37*
*1.72*
*3.13*
*85.5*
includes
288.10
295.50
7.40
0.58
4.12
1.78
44.2
and
297.00
306.00
6.50
0.37
0.04
6.59
184.6
HX-026
No Significant Values
HX-027
No Significant Values
Note: True widths are estimated to be 80-90% of drilled core length
*Harena Collar Locations*
*HOLE*
*ID*
*UTM*
*Easting*
*UTM*
*Northing*
*Elevation*
*Depth (m)*
*Dip*
*Azimuth*
HX-021
334600
1707800
601
308.0
-60
125
HX-022
334455
1707845
600
493.5
-60
125
HX-023
334364
1707720
601
495.8
-65
125
HX-024
334569
1707945
599
473.0
-70
125
HX-025
334366
1707550
603
428.5
-70
125
HX-026
334685
1708045
598
496.0
-70
125
HX-027
334084
1707160
606
403.5
-55
125
Note: Collar coordinates are in UTM WGS84 Zone37N
SOURCE Nevsun Resources Ltd.​
Received on Thu Nov 13 2014 - 07:57:01 EST