Initial Assay Results from Nevsun's 2005 Drill Program at the Bisha Main Gold/Copper/Zinc VMS Deposit, Eritrea

INITIAL ASSAY RESULTS FROM NEVSUN’S 2005 DRILL PROGRAM AT THE BISHA MAIN GOLD/COPPER/ZINC VMS DEPOSIT, ERITREA

March 29, 2005

Nevsun Resources Ltd is very pleased to announce the initial assay results from the 2005 drilling program on its Bisha Main gold/copper/zinc VMS deposit located in western Eritrea. These results constitute the start of the Nevsun’s 2005 drill program results from Eritrea.

The vast majority of the holes listed below were drilled to relatively shallow depths in order to extend known mineralized zones that had not been fully defined by previous drilling. Oxide and supergene copper mineralization were the primary targets. These results provide some growth potential to the Bisha Main oxide and supergene resources. They will allow the open pit mining profile for the Bisha feasibility study to be more fully delineated.

Highlights include:

Oxide Zone

Hole B-314 intersected 12.43g/t Au over 15.35 meters

Hole B-316 intersected 7.75g/t Au over 23.25 meters

Hole B-318 intersected 18.06g/t Au over 27.33 meters

Hole B-320 intersected 17.04 g/t Au and 367.9g/t Ag over 15.0 meters

 

Supergene

Hole B-313 intersected 7.5% Cu and 1.78g/t Au over 55.15 meters

Hole B-316 intersected 14.08% Cu and 0.78g/t Au over 35.5 meters

Hole B-318 intersected 5.91% Cu and 0.43g/t Au over 20.06 meters

Hole B-320 intersected 11.96% Cu and 0.88g/t Au over 26.65 meters

Hole B-323 intersected 98.22g/t Au and 327g/t Ag over 4.0meters

 

Oxide

 

 

 

 

 

 

 

 

 

 

Hole #

From

To

Length (m)

Au g/t

Ag g/t

Cu %

Pb %

Zn %

Dip Collar

Section

B-311

25.2

33.5

8.30

5.00

4.70

0.16

0.66

0.13

-45

1715450

B-312

33.0

48.0

15.00

2.63

5.30

0.08

0.30

0.11

-45

1715475

B-313

30.0

40.5

10.50

8.10

216.60

0.17

1.64

0.16

-45

1715575

B-314

25.5

27.0

1.50

5.30

104.00

0.18

1.01

0.21

-45

1715575

B-314

32.65

48.0

15.35

12.43

0.05

0.41

0.09

0.81

-45

1715575

B-315

20.5

31.5

11.00

2.01

2.90

0.13

0.20

0.17

-45

1715575

B-316

21.0

44.25

23.25

7.75

31.50

0.15

1.09

0.12

-45

1715625

B-317

13.5

29.0

15.5

3.36

4.30

0.17

0.38

0.15

-45

1715625

B-318

19.37

46.70

27.33

18.06

97.30

0.19

0.91

0.18

-45

1715675

B-319

10.0

16.5

6.5

1.80

5.15

0.14

0.25

0.14

-45

1715675

and

39.0

48.0

9.0

2.90

10.00

0.04

0.23

0.10

 

 

B-320

37.5

52.5

15.0

17.04

367.90

0.12

0.41

0.01

-45

1715725

B-321

34.3

52.5

18.2

6.33

155.20

0.09

1.08

0.09

-45

1715725

B-323

28.5

47.0

18.5

5.10

7.50

0.09

0.07

0.90

-50

1716100

B-324

0.80

7.5

6.70

5.16

14.10

0.12

0.58

0.08

-45

1716025

B-326

40.5

45.0

4.5

2.46

57.00

0.08

0.01

0.01

-50

1716025

 

 

 

 

 

 

 

 

 

 

 

Supergene

 

 

 

 

 

 

 

 

 

 

Hole #

From

To

Length (m)

Au g/t

Ag g/t

Cu %

Pb %

Zn %

Dip Collar

Section

B-313

40.5

95.65

55.15

1.78

70.80

7.50

0.71

0.45

-45

1715575

B-314

52.5

59.65

7.15

2.42

13.40

0.00

0.16

0.00

-45