From an article from the Outsider Club:
Nevsun Resources Ltd. (TSX: NSU) (NYSE: NSU)
You like good drill results? I love them.
On December 7, 2016 Nevsun delivered more spectacular results from ongoing drilling of the Upper Zone at the company's Timok copper-gold project.
Highlights from the release:
Drilling continues to confirm continuity and the high-grade nature of the Upper Zone
New massive and semi-massive sulphide intersections include:
TC160121: 182.3m @ 4.17% Cu, 4.80g/t Au, including 40.5m @ 11.61% Cu, 12.9g/t Au
TC160119: 86.2m @ 9.47% Cu, 8.83g/t Au, including 46.5m @ 15.61% Cu, 11.29g/t Au
TC160117: 98.8m @ 9.82% Cu, 8.86g/t Au, including 33.0m @ 20.04% Cu, 14.35g/t Au
TC160114: 171.0m @ 4.94% Cu, 5.21g/t Au, including 10.5m @ 11.09% Cu, 7.82g/t Au and 24.0m @ 10.27% Cu, 6.71g/t Au, and 7.5m @ 7.88% Cu, 3.78g/t Au
Additional 18,500m of drilling in progress to further improve confidence in the resource
Nevsun CEO, Cliff Davis, commented:
"The assays reported today represent about 25% of the planned in-fill drilling designed to confirm and upgrade the resource of the Timok Upper Zone mineralization. The work on our Pre-Feasibility Study is progressing well. Recent meetings with both the Prime Minister of Serbia and the Minister of Mines and Energy have demonstrated the State's very strong support for international investment and in particular, the development of the Timok Project.”
The Timok Project is located in eastern Serbia near the Bor mining and smelting complex.
The Timok 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).
The Upper Zone has an extremely high copper and gold content consisting of 1.7 million tonnes of indicated resource grading 13.5% copper and 10.4 g/t gold and 35.0 million tonnes of inferred resource grading 2.9% copper and 1.7 g/t gold.
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