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From: Biniam Tekle (biniamt@dehai.org)
Date: Tue Jan 04 2011 - 11:33:25 EST
http://www.nevsun.com/news/2011/january04/
2011 Press Releases
January 04, 2011
Milestone-First Gold Pour at Bisha
VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd. (TSX:NSU)(NYSE
Amex:NSU) is pleased to announce its successful first gold pour at the Bisha
Gold Mine during late December. The first pour was part of the plant
commissioning process and rendered two dore bars totaling 26 kilograms
(approx. 920 ounces).
President Cliff Davis stated, "Nevsun's first gold pour is a tremendous
achievement that has been accomplished by a team of outstanding
professionals on the ground in Eritrea and with the continued support of the
Eritrean Government. It gives me great pleasure to say we are on time, under
budget, and will considerably further the country's development with the
realization of Eritrea's first modern day mine. In the face of difficult
capital markets during 2008/2009 and other obstacles overcome in 2010, we
are proud of this significant accomplishment. We look forward to
substantially growing Bisha in the coming months, in terms of reserves and
throughput. This success should be a good indicator of our strategic
capability in the future."
Over the next few months, plant commissioning will continue to test,
troubleshoot, and rectify any issues that arise. Nevsun anticipates the ramp
up to full commercial production during the course of Q1 2011.
Forward Looking Statements: The above contains forward-looking statements
concerning development progress, planned mine output and project economics.
Forward-looking statements are frequently, but not always, identified by
words such as "expects," "anticipates," "believes," "intends," "estimates,"
"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: ir@kincommunications.com
Website: www.nevsun.com
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