Tag Archives: Mogoraib License

Nevsun Discovers New Massive Sulphide Deposit at Bisha

Nevsun discovered a massive VMS deposit in Asheli, an area that lies on the Mogoraib exploration license, 20km from Bisha mine.
Nevsun discovered a massive VMS deposit in Asheli, an area that lies on the Mogoraib exploration license, 20km southwest of Bisha mine. Nevsun first bought the Mogoribe license including the copper-zinc Hambok deposit from Sanu Resources in 2012 at only US$5 million. According to the deal, Nevsun will add another US$7.5 million to Sanu Resources upon achieving commercial production from the Property.

By Nevsun,

NEVSUN Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (Nevsun or the Company) is pleased to announce assay results from a new massive sulphide discovery at the grassroots Asheli prospect on the Mogoraib River Exploration License located 20 kilometers southwest of the Bisha processing plant.

The Asheli drilling is part of the 2015 Bisha regional exploration program which builds on the highly successful 2014 program.  Continue reading Nevsun Discovers New Massive Sulphide Deposit at Bisha

Nevsun Announces Further Exploration Drilling Results for Harena

Drilling in progress at the Harena Mining License, Eritrea

By Nevsun Resources,

NEVSUN Resources Ltd. (TSX:NSU / NYSE MKT:NSU) is pleased to announce exploration drilling results from the Harena Mining License located 10 kilometers south of the Bisha Mine and processing plant. The drilling was completed as part of the 2014 Bisha Regional Exploration program.

Nevsun CEO Cliff Davis commented, “Our exploration program at Harena continues to be successful in demonstrating that our known resources remain open for further expansion. The Bisha area is under-explored and we will further assess Harena and the greater potential of the Bisha VMS belt.” Continue reading Nevsun Announces Further Exploration Drilling Results for Harena