Duild one of world’s biggest platinum mines

Copper Company News Return to Copper Company News Directory Nevsun Resources Drills 2.66 Percent Copper, 0.96 Percent Zinc, 0.79 G/t Gold, 44.8 G/t Silver Over 9.9 Meters Thursday November 13, 2014, 10:50am PST

Nevsun Resources (TSX:NSU,NYSE MKT:NSU) announced additional positive drill results from exploration at its Harena Mining License. The license is located 10 kilometers south of the Bisha mine and processing plant.

As quoted in the press 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.

Nevsun CEO, Cliff Davis, said:

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.

Click here to read the Nevsun Resources (TSX:NSU,NYSE,MKT:NSU) press release


Tags:parts of air conditioner