Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) (“Nevsun” or the “Company”) is pleased to announce the updated mineral resource estimate effective December 31, 2015, for both the Bisha and Harena deposits. These updated resources form the first part of the annual year end mineral reserve and mineral resource statement for 2015. The updated mineral reserve estimate, currently in-progress, will be released in our Annual Information Form. Continue reading Nevsun Upgrades Mineral Resources Estimates in Eritrea→
Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) is pleased to announce diamond drill results from an eight hole 2,713 meter in-fill resource definition drilling program completed in 2013 at the Hambok poly-metallic massive sulphide deposit, located 16 kilometers southwest from the Bisha Mining Share Company (BMSC) processing plant. Continue reading Nevsun Intersects 1.68% Cu and 2.61% Zn over 20.1 m at Hambok→
Nevsun Resources Ltd. (TSX:NSU / NYSE MKT:NSU) announces previously unreported assay results from drilling completed by the previous owner of the Mogoraib River exploration license that includes the Hambokmineral deposit.
Nevsun reports that Bisha has started a resource definition drilling program at Hambok with expectation that the results will be included in a mineral resource estimate for Hambok that will be part of an overall resource and reserve estimate in Q1 2014 for the Bisha area deposits, effective December 31, 2013. A total of 2,713 metres in 8 holes were completed prior to the onset of the summer rainy season that has temporarily halted work until September. Assay results from these holes are pending. Continue reading Nevsun Reports $75m of 1.7% Copper and 3.0% Zinc at Hambok→
Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) today announces its 2013 outlook for planned gold and copper production from the Bisha mine in Eritrea. The Bisha mine, operated by Nevsun’s 60 percent owned subsidiary Bisha Share Mining Company (BMSC), is one of the highest grade open pit base metal deposits in the world and has a mine life in excess of 12 years.
Cliff Davis, Nevsun CEO commented, “Following a very successful 2012, Nevsun looks forward to starting up a world class copper concentrate production operation and continued expansion of its resources portfolio through generative exploration programs. Nevsun will also continue to actively evaluate potential acquisition opportunities.” Continue reading Nevsun 2013 Outlook and Production Guidance→
Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) is pleased to advise that it has intersected a zone of massive pyritic sulphides with significant copper and zinc values in drilling at its Mogoraib North Project in Eritrea, East Africa (Chalice – 60%; Eritrean National Mining Corporation (ENAMCO) – 40%).
Nevsun Resources Ltd. (“Nevsun”) today is pleased to announce that the Bisha Mining Share Company (“Bisha”), a 60% owned subsidiary of Nevsun, has closedits previously announced agreement to acquirethe Mogoraib River exploration licensein Eritrea.
Pursuant to the Agreement announced August 1, 2012, Bisha has paid Sanu Resources, a subsidiary of NGEx Resources Inc. of Vancouver, US$5 million.