ADDITIONAL ASSAY RESULTS
FROM THE 2005 IN-FILL DRILL PROGRAM AT
THE BISHA GOLD/VMS DEPOSIT, ERITREA
July 11, 2005
Nevsun Resources (NSU:TSX and AMEX) is
pleased to report the final
infill
drill results for the recently completed
Bisha deposit drill program.
Two areas were selected for
detailed drilling on 12.5 meter centers
to confirm continuity of mineralization
and to verify variography as part of the
reserve estimate for the Bisha
feasibility study. The study is being
conducted by AMEC.
The infill drill assay results for the
southern section of the Bisha deposit
were published in a news release on June
20th. The assay results from
the northern section of the deposit are
presented below in Table 1.
The infill
drill program has been interpreted by
the Company to confirm the continuity of
the mineralization.
The Bisha
reserve estimate is scheduled for the
last quarter of 2005 and the Bisha
feasibility study is scheduled for
completion in the first quarter of 2006.
Highlights include:
Oxide Zone
-
Hole B-364
intersected 11.4 g/t Au over 34.35
meters
-
Hole B-366
intersected 10.1 g/t Au over 33.75
meters
-
Hole B-367
intersected 14.77 g/t Au over 39.0
meters including 70.76 g/t Au over
6.0 meters
Table 1: Bisha Infill Drill Results –
Northern section
| |
Hole # |
From |
To |
Length (m) |
Au
g/t |
Ag
g/t |
Cu
% |
Pb
% |
Zn
% |
Dip
Collar |
Section |
| |
Oxide |
|
|
|
|
|
|
|
|
|
|
| |
B-345 |
3.0 |
18.2 |
15.2 |
7.06 |
16.7 |
0.08 |
0.50 |
0.09 |
-45 |
1716013 |
| |
B-346 |
3.0 |
18.0 |
15.0 |
8.41 |
11.0 |
0.20 |
0.93 |
0.13 |
-45 |
1716038 |
| |
B-347 |
4.5 |
16.5 |
12.0 |
7.33 |
57.4 |
0.05 |
0.75 |
0.03 |
-45 |
1716063 |
| |
B-359 |
22.0 |
46.5 |
24.5 |
7.71 |
18.3 |
0.07 |
0.44 |
0.11 |
-45 |
1716013 |
| |
B-360 |
6.0 |
51.0 |
45.0 |
3.2 |
24.5 |
0.08 |
0.49 |
0.10 |
-45 |
1716013 |
| |
B-363 |
3.35 |
37.5 |
34.5 |
7.12 |
23.7 |
0.08 |
0.42 |
0.09 |
-66 |
1716038 |
| |
Hole # |
From |
To |
Length (m) |
Au
g/t |
Ag
g/t |
Cu
% |
Pb
% |
Zn
% |
Dip
Collar |
Section |
| |
Oxide |
|
|
|
|
|
|
|
|
|
|
| |
B-366 |
4.0 |
37.75 |
33.75 |
10.10 |
52.7 |
0.11 |
0.93 |
0.10 |
-66 |
1716063 |
| |
B-367 |
3.0 |
42.0 |
39.0 |
14.77 |
42.3 |
0.06 |
0.23 |
0.07 |
-66 |
1716063 |
| |
Incl. |
21.0 |
27.0 |
6.0 |
77.76 |
23.4 |
0.05 |
0.30 |
0.07 |
|
|
| |
Supergene |
|
|
|
|
|
|
|
|
|
|
| |
B-345 |
42.0 |
52.5 |
10.5 |
0.02 |
0.6 |
0.45 |
0.00 |
0.02 |
-45 |
1716013 |
| |
B-359 |
51.0 |
59.5 |
8.5 |
2.43 |
53.0 |
0.18 |
0.26 |
0.03 |
-45 |
1716013 |
| |
and |
74.5 |
79.8 |
5.3 |
0.03 |
0.8 |
1.16 |
0.01 |
0.02 |
|
|
| |
B-364 |
40.5 |
88.0 |
47.5 |
0.58 |
21.2 |
2.61 |
0.03 |
0.04 |
-66 |
1716063 |
| |
B-365 |
40.5 |
67.0 |
26.5 |
0.56 |
17.1 |
3.32 |
0.02 |
0.06 |
-66 |
1716038 |
| |
B-366 |
44.5 |
82.0 |
37.5 |
0.16 |
5.2 |
0.43 |
0.01 |
0.00 |
-66 |
1716063 |
| |
Primary |
|
|
|
|
|
|
|
|
|
|
| |
B-336 |
286.0 |
305.0 |
19.0 |
0.37 |
13.8 |
0.30 |
0.08 |
3.36 |
-65 |
1715350 |
The three
sections, 1716063N, 1716038N, and
1716013N as interpreted by the Company
are presented in Figure 1, and the drill
location map is presented in Figure 2.
The mineralized zone on section 1716063N
is estimated to have a true width of 92
meters at a vertical depth of 20 meters,
74 meters at a depth of 50 meters and 50
meters at a depth of 100 meters. On
section 1716038N the mineralized zone is
estimated to be 74 meters wide at a
vertical depth of 20 meters, 54 meters
wide at 50 meters and 26 meters wide at
100 meters. On section 1716013N the
estimated true width at a vertical depth
of 20 meters is 42 meters, at 50 meters
it is 33 meters and at 100 meters it is
20 meters.
Holes B-332
and B-330 were drilled at the north end
of the deposit in an attempt to extend
and more fully define the mineralization
in this area. The holes assisted in
improving the understanding of the
configuration of the deposit and are
presented in Table 2. True widths at 20
meters depth are estimated to be 70
meters, 60 meters at 50 meters depth and
40 meters at 100 meters depth.
Table 2: Exploration
Drilling at north end of Bisha Main
| |
Hole # |
From |
To |
Length (m) |
Au
g/t |
|
