From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Sat Dec 26 2009 - 19:57:53 EST
Kin Communications
December 24, 2009
Nevsun Resources Reaches Major Milestone At Bisha
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 pleased 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.
NEVSUN RESOURCES LTD.
Cliff T. Davis
President & Chief Executive Officer
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.
A detailed stock quote on TSX: NSU can be found here.
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