Tag Archives: Mogoraib River exploration license

Nevsun Reports $75m of 1.7% Copper and 3.0% Zinc at Hambok

Eritrean Miner
Nevsun acquired the Mogoraib Exploration license from NGEx Resources that currently developing the Kerkebet deposit

By Nevsun,

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 Hambok mineral 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 Finalized Acquisition of Mogoraib License including Hambok Copper-Zinc Deposit

Nevsun continues to acquire potential deposits and exploration areas contiguous to its Bisha Mine

By Kin Communications inc.,

Nevsun Resources Ltd. (“Nevsun”) today is pleased to announce that the Bisha Mining Share Company (“Bisha”), a 60% owned subsidiary of Nevsun, has closed its previously announced agreement to acquire the Mogoraib River exploration license in 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.

The Mogoraib license is 97.4 square kilometers in area and includes the Hambok copper-zinc deposit. The Hambok deposit is located 16 km southwest of the Bisha Mine.  Continue reading Nevsun Finalized Acquisition of Mogoraib License including Hambok Copper-Zinc Deposit