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From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Mon Apr 11 2011 - 13:31:49 EDT
Nevsun Resources Ltd.: Assay Results From Infill Drilling at the Harena VMS
Deposit, Eritrea
VANCOUVER, BRITISH COLUMBIA, Pressemitteilung vom 11.04.2011 11:30:00
<http://www.premiumpresse.de/seite/pressemitteilung-pressebilder/prid/122098
4/> Nevsun Resources Ltd.: Assay Results From Infill Drilling at the Harena
VMS Deposit, Eritrea
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/11/11 -- Nevsun Resources
Ltd. (TSX: NSU)(NYSE Amex: NSU) is pleased to report the base metal assays
from the thirty-four infill diamond drill holes at the Harena deposit within
its Bisha exploration license in Eritrea. Nevsun plans to use the infill
drilling results to complete a resource estimate, mine plan and mining
license application to process the Harena material at its Bisha processing
plant. Harena lies 9.5 km southwest of the Bisha Main deposit on an
exploration license contiguous to the Bisha Mining license.
Highlights
-- Third VMS near surface discovery on Bisha licenses
-- Oxide gold cap near surface (assays announced on March 2, 2011)
-- Copper and zinc primary sulphide also near surface
-- Likely additional feed for Bisha both in gold and base metals phases
If a mining license is granted, Harena would likely be mined as an open pit.
Material would be trucked 9.5 km to the Bisha site for stockpiling and
blending with Bisha main feed. The oxide gold cap would be processed in
2012/2013 and the primary sulphide greater than 2016.
Select High Grade Results Include:
-- Hole H-077 - 12m at 5.62% Cu, from 67.5 meters to 79.5 meters
-- Hole H-076 - 6m at 3.90% Cu, from 67.5 meters to 73.5 meters
-- Hole H-054 - 27m at 7.37% Zn, from 70.5 meters to 97.5 meters
-- Hole H-061 - 7.5m at 7.26% Zn, from 84.9 meters to 92.4 meters
The drilling took place in the fall, 2010 and drill hole locations were
selected to infill drill the gossanous oxide cap on 25m x 25m and 12.5m x
25m fences which is the same spacing used to define measured and indicated
resource categories at the Bisha Main deposit. The results were positive,
and have provided increased confidence to the widths and grades of the
volcanic massive sulphide deposit at Harena. A resource estimate on the
deposit has been initiated with results expected in late May. If the results
are positive a reserve estimate and mine study will be done to support a
mining license application.
Detailed results for the sulphide zones are in the attached schedule
together with a map of the hole locations. Gold assays for the oxide zone
were announced in the March 02, 2011 news release.
Nevsun views the Harena deposit as a potential source of supplemental feed
for the processing plant at Bisha. Supplemental feed can provide valuable
cash flow as an extension to mine life without having to absorb start-up
capital costs.
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 Romania and
Vancouver, Canada.
---------------------------------------------------------------------------
Hole From(m) To(m) Length(m) Au (g/t) Ag (g/t) Cu (%) Zn (%)
---------------------------------------------------------------------------
H-049 60.0 63.0 3.0 0.13 2.50 0.50 0.01
---------------------------------------------------------------------------
H-051 69.0 78.4 9.4 0.85 81.96 0.48 2.57
incl. 69.0 73.5 4.5 1.03 141.33 0.67 3.21
and 76.0 78.4 2.4 0.66 26.83 0.56 3.77
---------------------------------------------------------------------------
H-054 60.0 103.5 43.5 0.15 11.29 0.28 4.88
incl. 70.5 97.5 27.0 0.19 14.06 0.26 7.37
---------------------------------------------------------------------------
H-056 66.0 80.1 14.1 0.10 6.94 0.67 3.38
incl. 66.0 70.5 4.5 0.08 6.33 1.02 0.83
and 70.5 79.5 9.0 0.12 6.50 0.46 4.82
---------------------------------------------------------------------------
H-059 67.5 73.5 6.0 0.24 16.50 1.39 0.20
incl. 69.0 71.8 2.8 0.27 19.93 2.35 0.29
---------------------------------------------------------------------------
H-060 55.5 96.0 40.5 0.26 17.90 0.64 3.96
incl. 60.0 64.5 4.5 0.53 73.33 1.87 9.56
and 67.5 73.6 6.1 0.24 9.72 0.44 8.16
and 78.0 91.5 13.5 0.14 7.44 0.51 4.19
---------------------------------------------------------------------------
H-061 63.0 66.0 3.0 0.32 35.00 0.65 0.04
and 70.5 109.5 39.0 0.65 36.60 0.27 3.32
incl. 72.0 78.0 6.0 0.28 48.25 0.24 2.23
and 84.9 92.4 7.5 0.29 16.80 0.25 7.26
and 96.6 109.5 12.9 0.72 21.41 0.33 4.54
---------------------------------------------------------------------------
H-064 67.5 94.5 27.0 0.24 16.22 0.64 4.55
incl. 69.0 75.0 6.0 0.34 33.00 0.46 9.67
and 82.5 88.5 6.0 0.10 4.50 0.29 8.01
---------------------------------------------------------------------------
H-065 72.0 76.5 4.5 0.54 33.33 1.16 0.19
and 76.5 92.3 15.8 0.19 15.49 1.01 3.00
incl. 81.0 84.2 3.2 0.06 2.34 0.09 6.44
and 84.2 92.3 8.1 0.27 25.45 1.78 1.61
---------------------------------------------------------------------------
H-075 72.0 88.5 16.5 0.20 11.55 1.00 3.47
incl. 72.0 76.5 4.5 0.10 6.00 1.21 7.71
---------------------------------------------------------------------------
H-076 67.5 73.5 6.0 0.34 16.50 3.90 2.70
and 73.5 96.0 22.5 0.41 23.27 1.70 3.73
incl. 73.5 76.5 3.0 0.39 22.50 3.36 12.78
---------------------------------------------------------------------------
H-077 67.5 79.5 12.0 1.07 72.42 5.62 0.37
incl. 69.0 73.5 4.5 1.19 83.67 8.69 0.08
and 79.5 91.5 12.0 1.61 64.60 1.46 2.35
incl. 81.0 85.5 4.5 3.72 105.61 1.11 3.93
and 88.5 91.5 3.0 0.26 16.00 0.62 3.16
---------------------------------------------------------------------------
H-078 73.5 81.0 7.5 1.03 48.20 2.10 0.40
incl. 73.5 78.0 4.5 0.94 44.67 2.98 0.61
---------------------------------------------------------------------------
H-079 28.5 31.5 3.0 0.04 1.00 0.24 4.30
and 36.0 39.0 3.0 0.01 0.00 0.50 2.03
---------------------------------------------------------------------------
H-080 33.0 39.0 6.0 0.01 0.50 0.50 1.01
---------------------------------------------------------------------------
Note. True thickness is estimated at approximately 90% of the drill
intervals reported in the table. All holes were done at 45 degrees
from horizontal.
Historic holes 1 through 27 were carried out and published in 2005 and holes
28 through 44 were carried out in the fall of 2009 and the results were
published in February 2010.
Forward Looking Statements: The above contains statements regarding positive
drill results, indications that the Bisha concession may host multiple
deposits, the Harena deposit as a potential source of supplemental feed and
valuable cash flow, the close relationship between the interpreted graphitic
horizon and the Harena massive sulphide, and additional prospects at the
Harena area. Although we believe the expectations reflected in our forward
looking statements are reasonable, results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
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 Companys
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
To view the map accompanying this press release please visit the following
link: <http://media3.marketwire.com/docs/nevmap411.pdf>
http://media3.marketwire.com/docs/nevmap411.pdf
Contacts:
Kin Communications
604-684-6730 or Toll Free: 1-866-684-6730
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