From: Biniam Tekle (biniamt@dehai.org)
Date: Thu Dec 24 2009 - 09:37:03 EST
Nevsun Resources Ltd.: Bisha Construction Milestone-Mills Delivery
December 24, 2009: 08:35 AM ET
Highlights
- Milestone event - mills and crushers arrive at site
- Bisha construction on track for late 2010 operations
Nevsun Resources Ltd. (TSX: NSU)(NYSE Amex: NSU) is please to announce a
major milestone on its Bisha project construction with the delivery to site
of major equipment. In the past week both the SAG mill and the Ball Mill and
the primary crusher have arrived at the Bisha mine site. Installation of the
mills and crusher will commence in the New Year. Pictures of construction
progress can be found on our Nevsun web site at
http://www.nevsun.com/properties/photo_gallery/
The installation of the mills forms the critical path activity and their
timely arrival maintains the development timeline. The Project continues on
track to be in operation in late 2010.
The Bisha project is a high grade gold/copper/zinc VMS deposit that was
discovered in 2003, brought to feasibility in late 2006 and began its
official development stage at the start of 2009. The project has the strong
support of the government of Eritrea who has a 40% ownership stake in the
project company.
Nevsun looks forward to a very productive year in 2010.
Forward Looking Statements: The above contains forward-looking statements
concerning the construction progress and the support of the Eritrean
government. 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
Contacts:
Kin Communications
604 684 6730
Toll free 1 866 684 6730
www.nevsun.com
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