Tag Archives: high grade gold

2132Kg of Gold Worth $131m Produced in the First-Quarter: Nevsun

This year, Nevsun expects a total production of 200,000 oz of gold worth $320m (@$1,600/oz)

By Stephan Bogner,

Yesterday the 5-cent “eligible dividend” paying Nevsun Resources Ltd. (TSX/AMEX: NSU) published production results of the first quarter 2012 from its Bisha Mine in Eritrea, East Africa.

In the first 3 months of 2012, a total of 82,000 ounces were mined and sold representing $131 million (at a gold price of $1,600). Continue reading 2132Kg of Gold Worth $131m Produced in the First-Quarter: Nevsun

Eritrea: Sunridge Gold Intercepts 22 Metres of 13.14% Copper and 4.0 g/t Gold at Debarwa Project

(Marketwire) -- Sunridge Gold Corp. (TSX VENTURE: SGC) is pleased to report assay results from the first four of 35 diamond drill holes completed as part of a detailed definition drilling being conducted at the high-grade copper-gold-zinc Debarwa VMS (volcanogenic massive sulphide) deposit, Asmara Project, Eritrea. Assays for the remaining holes will be released as available.