Tag Archives: Harena Deposit

Nevsun Delivers Substantial Resource Growth at Bisha from 2016 Drilling

Nevsun updated its mineral resource estimates for Bisha, Harena and Asheli deposits in Eritrea. Harena Inferred resources now increased by nearly 130%. Bisha district Inferred resources also increased by over 100%. Asheli’s maiden inferred resources outlines modest increase.

BY NEVSUN RESOURCES

Nevsun Resources Ltd. (TSX: NSU) (NYSE MKT: NSU) is pleased to announce the updated mineral resource estimates effective December 31, 2016, for the Bisha, Harena and Asheli deposits in Eritrea. These updated resources form the first part of the annual year end mineral resource and mineral reserve statement for 2016. The updated mineral reserve estimate, currently in-progress, should be released in late May or early June 2017. Continue reading Nevsun Delivers Substantial Resource Growth at Bisha from 2016 Drilling

Nevsun is Hiding a Lot of Potential

Nevsun diversified not only its production mix but also its geographical risks. The Bisha mine is profitable at current metals prices and it generates enough cash to finance the exploration and development activities in Eritrea as well as in Serbia. The Timok Upper Zone mine should be in production by 2020, at a very reasonable cost. The Timok Lower Zone can turn out to be a giant copper-gold deposit that will be in production for decades. If zinc production start-up goes well and metals prices don’t tank, it is reasonable to expect that Nevsun’s share price will cross the $5 level over the next 12 months.

By Peter Arendas,

Nevsun Resources (NYSEMKT:NSU) is a copper producer whose valuation has long suffered for an increased political risk. Nevsun’s cornerstone asset, the copper-gold-zinc Bisha mine, is located in Eritrea, a country in eastern Africa that is known for a higher level of political risks. As a result, the market capitalisation of Nevsun Resources tends to be lower compared to its peers, although the company is able to remain profitable also at the current copper prices that are close to multi-year lows. Continue reading Nevsun is Hiding a Lot of Potential

Nevsun Upgrades Mineral Resources Estimates in Eritrea

Nevsun has lifted the mineral resources estimates at its Bisha and Harena deposits in Eritrea. Measured and indicated resources at Bisha district now contains 959 million pounds of copper, 3.56 billion pounds of zinc, 840 thousand ounces of gold, and 46 million ounces of silver. This is without including the new massive sulphide mineralization at Asheli deposits.

By Nevsun Resources,

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’s Share Price Surge to a 5-Month High

When compared to other companies in the Metals & Mining industry and the overall market, Nevsun’s very impressive revenue growth, aggressive performance and zero debt-to-equity ratio have also contributed to the surge.

By CapEri,

SHARES of Nevsun Resources (TSE:NSU) climbed to a five-month high beginning of this month and are expected to continue to rise.

One of the biggest contributing factors is how major economies such as China, USA and Russia impact commodity prices around the world.

For instance, the People’s Bank of China (PBoC) slashed interest rates for the third time in six months determined to fight deflation and support growth in the world’s second-largest economy.  Continue reading Nevsun’s Share Price Surge to a 5-Month High

Nevsun CEO Sees Next Flin Flon in Eritrea

Nevsun Resources is sitting on a veritable cash generator at its Bisha Mine to become like another Flin Flon or Noranda VMS district, all under a single company, in Eritrea

By Matthew Keevil,

IT’S pretty evident to industry observers that producer Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) is sitting on a veritable cash generator at its Bisha copper-gold operation, 150 km west of Asmara, Eritrea. The company outperformed its production expectations at the mine in 2014, lowered cash costs and holds a strong balance sheet.

Nevsun also offers promising returns at the drill bit, with Bisha’s current reserve life surpassing estimates in early 2011.  Continue reading Nevsun CEO Sees Next Flin Flon in Eritrea

Nevsun Reports Huge Increase in Resources at Eritrea Mine

Nevsun announced the Bisha primary indicated resource grew by 0.9 million tonnes and primary inferred resource grew 0.6 million tonnes as well as the Harena primary deposit grew by 1.4 million tonnes and inferred resource by 6.1 million tonnes due to the 2014 exploration drilling programs

By Nevsun,

NEVSUN Resources Ltd. (TSX: NSU) (NYSE MKT: NSU) (“Nevsun” or the “Company”) is pleased to announce the updated mineral resource estimate effective December 31, 2014, for the Bisha and Harena deposits.

These updated resources form the first part of the annual year end mineral reserve and mineral resource statement for 2014. The updated mineral reserve estimate will be released in our year end disclosure. Continue reading Nevsun Reports Huge Increase in Resources at Eritrea Mine