Nevsun Resources Ltd (NSU)

[geodan]

Yep,Just Noticed,NSU BreaksOutTo$3.20 OnNewDrillReport

Just maybe that big seller is gone.


Are you kidding me?TC150073 / TC160073B: 686.0m @ 0.89% Cu, 0.16g/t Au that is 2250 feet or almost 1/2 MILE of high grade ore!!

Mines mine 50 meter sections of .9% copper alone, just for the copper and SSRI is making big bucks mining gold at .42 grams for gold alone. This is massive!



VANCOUVER , Nov. 22, 2016 /PRNewswire/ - Nevsun Resources Ltd.(NSU) ("Nevsun" or the "Company") is pleased to announce new assay results from drilling of the Lower Zone at the Company's Timok copper-gold project ("Timok Project").

HIGHLIGHTS

New porphyry copper intersections include:
TC150073 / TC160073B: 686.0m @ 0.89% Cu, 0.16g/t Au from 1,104m;
including 280.0m @ 1.11% Cu, 0.18g/t Au
and 102.0m @ 1.00% Cu, 0.17g/t Au
and 58.0m @ 1.26% Cu, 0.28g/t Au
and 60.0m @ 1.16% Cu, 0.16g/t Au
TC150075: 717.3m @ 0.65% Cu, 0.16g/t Au from 1,502m;
including 214.0m @ 1.00% Cu, 0.24g/t Au
and 24.0m @ 1.00% Cu, 0.30g/t Au
Example historic intersections include:
TC150060: 835.0m @ 0.92% Cu, 0.22g/t Au from 1,258m
TC140054/54A: 705.8 @ 0.91% Cu, 0.26g/t Au from 1,498m
Further drilling ongoing with a target of 67,000m of step-out and infill drilling
Drilling estimated to be completed in late 2017 with a maiden resource to follow
Near vertical holes designed to intersect the porphyry mineralization at 90 to 100% of true width

Nevsun CEO Cliff Davis commented, "The assays reported today demonstrate the tremendous potential of the Timok Lower Zone mineralization. These holes were drilled prior to the Company acquiring its interest in the Timok Project and were recently assayed. With our joint venture partner, Freeport-McMoRan, we have embarked on a $20 million drilling program focused on the Lower Zone porphyry. The results from these holes will be used, along with historical and ongoing drilling, to generate a maiden resource for the Lower Zone."

Timok Copper-Gold Project

The Timok Copper-Gold Project is located in eastern Serbia near the Bor mining and smelting complex. The Project is focussed on the Cukaru Peki ("Timok") deposit which includes the high grade Upper Zone, characterized by massive and semi-massive sulphide mineralization and the Lower Zone, characterized by porphyry-style mineralization.

This news release is solely about the Lower Zone. For recent information on the Upper Zone, please refer to the Company's news release dated October 17, 2016.

Lower Zone

The Lower Zone consists of porphyry-type mineralization characterized by chalcopyrite-pyrite and occasional bornite and molybdenite occurring as disseminations and within quartz and quartz-magnetite stockwork veinlets. Anhydrite veins are common. Within the Lower Zone, porphyry-type potassic alteration is preserved locally but generally overprinted by sericite-clay, argillic and locally advanced argillic alteration. The latter overprinting also locally brings covellite-pyrite mineralization. The host rocks are predominantly volcanic andesite and andesite breccias. The geometry of the Lower Zone remains to be fully defined. Its top is about 700 metres below surface and has been traced down to depths in excess of 2,000 metres. The $20 million drill program is currently being undertaken to enable an initial resource to be calculated for portions of the zone.

Table 1: 2015 Timok Lower Zone Drilling Results (reported in this release)

Tables and more: http://finance.yahoo.com/news/nevsun-reports-lower-zone-drill-125000223.html