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Initial Assay Results
from Harena Gold/VMS Deposit, Eritrea

INITIAL ASSAY RESULTS FROM HARENA GOLD/VMS
DEPOSIT,
ERITREA
April 5, 2005
Nevsun
Resources is pleased to report the initial
assays from the first four diamond drill
holes at the new Harena discovery within its
Bisha concession in Eritrea (Harena lies 9.5
km southwest from the Bisha Main deposit for
which a feasibility study has already
commenced). Harena was originally selected
as a potential exploration target based on
an alteration anomaly defined on Landsat
imagery. A subsequent airbourne EM survey
defined a moderate conductor over a limited
strike length on what was interpreted to be
the same stratigraphic horizon as the Bisha
Main deposit
All four
holes were drilled on the same section at
Harena. The drill hole locations were
selected to target a gossanous oxide cap to
an underlying sulphide structure. The
results were positive, and have provided the
third VMS (volcanogenic massive sulphide)
near surface deposit on the Bisha
concession. The results provide an important
indication that the Bisha concession, as is
characteristic of VMS systems, may host
multiple deposits that may be defined by
future exploration.
The results
are summarized as follows:
|
Hole # |
From |
To |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
Dip Collar |
Section |
|
Oxide |
|
|
|
|
|
|
|
|
|
|
|
H-001 |
30.8 |
39.0 |
8.2 |
0.80 |
4.50 |
0.09 |
0.25 |
0.22 |
-45 |
5800 |
|
and |
45.0 |
57.0 |
12.0 |
3.16 |
4.50 |
0.20 |
0.09 |
0.04 |
|
|
|
Incl. |
51.0 |
57.0 |
6.0 |
5.97 |
4.00 |
0.01 |
0.10 |
0.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supergene |
|
|
|
|
|
|
|
|
|
|
|
H-002 |
61.5 |
72.0 |
10.5 |
2.44 |
104.9 |
0.44 |
0.75 |
0.02 |
-45 |
5800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary |
|
|
|
|
|
|
|
|
|
|
|
H-002 |
77.5 |
100.0 |
22.50 |
0.99 |
23.35 |
0.98 |
0.01 |
3.04 |
-45 |
5800 |
|
Incl. |
99.25 |
100.0 |
0.75 |
23.50 |
190.00 |
0.07 |
0.05 |
0.07 |
|
|
|
H-003 |
105.6 |
128.55 |
22.95 |
0.58 |
25.80 |
1.02 |
0.07 |
2.83 |
-45 |
5800 |
|
Incl. |
113.5 |
125.5 |
12.0 |
0.15 |
10.90 |
0.68 |
0.01 |
4.23 |
|
|
|
H-004 |
136.5 |
139.6 |
3.1 |
0.98 |
172.90 |
0.03 |
1.64 |
0.10 |
-45 |
5800 |
|
and |
139.6 |
166.0 |
26.4 |
0.29 |
24.90 |
0.80 |
0.16 |
3.89 |
|
|
|
Incl. |
139.6 |
160.0 |
20.4 |
0.28 |
25.40 |
0.65 |
0.18 |
4.95 |
|
|
|
Incl. |
160.0 |
166.0 |
6.0 |
0.33 |
22.90 |
1.29 |
0.10 |
0.29 |
|
|
Nevsun views
the Harena deposit as a potential source of
supplemental feed for the planned future
processing plant at Bisha. Supplemental feed
can provide valuable cash flow as an
extension to mine life without having to
absorb start up plant capital expenses.
Nevsun has
continued drilling at Harena on sections
representing 100 meters step outs, primarily
along strike of HLEM and gravity anomalies.
This program has intersected various widths
of oxide and sulphide mineralization over a
strike length of 300 meters. The majority of
this drilling to date has been to shallow
depths in order to test the near surface
component of the deposit. PQ sized core
(85mm) is being used to improve core
recoveries in the oxide layer. A map is
attached to this release showing the
locations of holes H-001 to H-012. The
sample assays for holes H-05 to H-12 are
pending.
It has been
interpreted that a number of late dykes have
cut the near surface mineralization at
Harena making determinations of actual
widths of the zone somewhat difficult. The
deeper drilling on section 5800 is not as
effected by later dykes in what seems to be
a localized phenomenon.
Noticeable
bands of sphalerite mineralization were
noted in holes H-002, H-003 and H-004 and
blebs of galena have been noted in a number
of holes. There is an obvious graphitic
component to some of the massive sulphide
zones. HLEM surveys defined a moderate
conductor 250 meters to the north of the
Harena deposit which was initially
interpreted to be caused by graphite. It
will ultimately have to be determined if
there is a close relationship between this
interpreted graphitic horizon and the Harena
massive sulphides.
The 23.5g/t
Au over 0.75 meters intersected in Hole
H-002 occurs between the contact of massive
sulphides and an intermediate tuff unit.
The deposit
is hosted by a sequence of felsic to
intermediate volcanics with a distinct
footwall often containing kyanite and
andalusite. The footwall rocks are often
noticeably cholitized.
Future work
at Harena will concentrate on drilling on
sections 100 meters apart and to vertical
depths in the order of 150 meters. This
should provide an overall configuration of
the deposit. The Harena area may provide
additional prospects. Exploration (HLEM and
soil sampling) is currently underway in a
stratigraphically favorable area to the
southeast of the deposit. Also, a gravity
anomaly of similar amplitude to that at
Harena, located 500 meters to the south of
the initial drilling, will be drill tested.
Bill Nielsen,
Vice-President of Exploration for Nevsun, a
qualified person under National Instrument
43-101, supervised and directed all work
associated with the drilling program.
Sample
preparation and analysis were conducted at
ALS Chemex of Vancouver,
Canada.
Forward Looking Statements:
The above contains forward looking
statements that are subject to a number of
known and unknown risks, uncertainties and
other factors that may cause actual results
to differ materially from those anticipated
in our forward looking statements. Factors
that could case such differences include:
changes in world gold markets, equity
markets, costs and supply of materials
relevant to the mining industry, change in
government and changes to regulations
affecting the mining industry.
Forward-looking statements in this release
include statements regarding positive drill
results, indications that the Bisha
concession may host multiple deposits, the
Harena deposit as a potential source of
supplemental feed and valuable cash flow,
the close relationship between the
interpreted graphitic horizon and the Harena
massive suphide, and additional prospects at
the Harena area. Although we believe the
expectations reflected in our forward
looking statements are reasonable, results
may vary, and we cannot guarantee future
results, levels of activity, performance or
achievements.
| NEVSUN
RESOURCES
LTD.
“John
A. Clarke”
Dr.
John A. Clarke
President & Chief Executive Officer
Nsu05-09.doc |
For further information, Contact:
Maureen Carse
(604) 623-4700 or 1-888-600-2200
e-mail:
nevsuninfo@nevsun.com
Website:
www.nevsun.com |
MAP: LOCATIONS OF HOLES H-001 TO H-012

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