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Final Assay Results
from the 2005 Drill Program at the Northwest
Zone Massive Sulphide Deposit, Eritrea

FINAL ASSAY RESULTS FROM THE 2005 DRILL
PROGRAM AT THE NORTHWEST ZONE MASSIVE
SULPHIDE DEPOSIT, ERITREA
August 17, 2005
Nevsun
Resources (NSU: TSX and AMEX) is pleased to
report the assay results from the final 9
diamond drill holes it has established at
the Northwest Zone massive sulphide deposit
in 2005. The NW Zone is located 1.5
kilometers to the northwest of the Bisha
deposit.
Highlights include:
Gold
and Silver
Hole
NW-015 intersected 10.5 meters averaging
3.02 g/t Au
Hole
NW-018 intersected 12.0 meters averaging
0.75 g/t Au and 1092 g/t Ag and 7.5 meters
averaging 2.70 g/t Au and 0.77% Cu
Copper
Hole
NW-014 intersected 7.5 meters averaging
1.13% Cu
Hole
NW-020 intersected 61.0 meters that averaged
0.74% Cu
Copper and Zinc
Hole
NW-015 intersected 69.5 meters averaging
1.3% Cu and 3.69% and 6.0 meters averaging
3.69% Zn
Table 1: NW Zone Drill
Hole Results
|
Hole # |
From |
To |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
Dip Collar |
|
NW-014 |
164.5 |
172.0 |
7.5 |
0.18 |
14.4 |
1.13 |
0.12 |
-90 |
|
And |
221.5 |
242.5 |
21.0 |
0.26 |
13.8 |
0.39 |
0.83 |
|
|
NW-015 |
47.0 |
116.5 |
69.5 |
0.32 |
42.4 |
1.30 |
3.62 |
-90 |
|
And |
124.0 |
134.5 |
10.5 |
3.02 |
16.2 |
0.07 |
0.25 |
|
|
And |
139.0 |
145.0 |
6.0 |
0.07 |
15.5 |
0.03 |
3.69 |
|
|
NW-017 |
10.5 |
18.0 |
7.5 |
0.72 |
5.6 |
0.02 |
0.02 |
-90 |
|
NW-018 |
6.0 |
18.0 |
12.0 |
0.75 |
1092.1 |
0.24 |
0.02 |
-90 |
|
And |
33.0 |
37.5 |
4.5 |
1.24 |
6.7 |
0.00 |
0.00 |
|
|
And |
58.5 |
66.0 |
7.5 |
2.70 |
5.8 |
0.77 |
0.03 |
|
|
NW-020 |
48.0 |
109.0 |
61.0 |
0.08 |
3.7 |
0.74 |
0.02 |
-90 |
|
NW-021 |
88.0 |
91.0 |
3.0 |
1.50 |
2.5 |
0.01 |
0.04 |
-90 |
Interpretation of NW
Zone Drill Hole Data
Detailed
geological mapping in conjunction with the
latest set of drill holes has changed the
understanding of the configuration of the NW
Zone from that presented in December 2003.
It is now seen as a somewhat overturned
anticline. The axis of the anticline is
interpreted to be at a vertical depth of 40
to 45 meters. It is likely the massive
sulphide mineralization does not outcrop,
meaning that there will be a lack of oxide
and supergene mineralization in this area.
The massive sulphide mineralization has been
traced over a strike length of 500 meters
and is open to the northeast and southwest.
The majority of the base metal
mineralization is interpreted to occur
between 30.0 and 150.0 meters of surface.
Figure
1: NW Zone Drill Hole Locations

Figure
2: Cross-sections of the NW Zone

NW Section
1000

NW Section
1150

NW Section
1200
Review
of Previous Drill Hole Results from the NW
Zone
A review
of past drilling results from the NW Zone
indicate the mineralization is made up of
massive sulphides containing significant
lengths of copper mineralization. The
recalculation of assays, as presented below,
could impact future mining methods for the
deposit. Nevsun’s press releases of April
18th, 2005 and December 1st,
2003 report the high grade intercepts of
these previously reported holes.
Table
2: Recalculation of Previous Drill Hole
Results from the NW Zone
|
Hole # |
From |
To |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
Dip Collar |
|
NW-001 |
54.0 |
57.0 |
3.0 |
26.84 |
10.5 |
0 |
0.01 |
-45 |
|
NW-002 |
86.8 |
183.2 |
96.4 |
0.19 |
6.6 |
0.90 |
0.14 |
-45 |
|
NW-005 |
84.0 |
102.5 |
18.5 |
0.34 |
8.0 |
0.74 |
0.73 |
-55 |
|
And |
148.8 |
164.8 |
16.0 |
0.24 |
12.4 |
0.81 |
2.75 |
|
|
NW-006 |
69.0 |
76.5 |
7.5 |
0.0 |
0.5 |
0.44 |
0.00 |
-45 |
|
NW-008 |
97.1 |
129.7 |
32.6 |
0.24 |
40.9 |
1.08 |
3.19 |
-45 |
|
NW-009 |
62.5 |
152.5 |
90.0 |
0.10 |
10.5 |
0.70 |
0.19 |
-55 |
|
And |
161.5 |
175.0 |
13.5 |
7.8 |
21.97 |
0.33 |
0.14 |
|
|
And |
191.5 |
228.8 |
37.3 |
0.64 |
12.0 |
1.03 |
0.41 |
|
|
NW-012 |
108.2 |
147.5 |
39.3 |
0.21 |
6.6 |
0.78 |
0.39 |
-55 |
|
B-56 |
63.6 |
90.5 |
28.4 |
0.07 |
6.6 |
0.70 |
0.00 |
-45 |
|
And |
113.0 |
152.0 |
39.0 |
0.11 |
4.4 |
0.52 |
0.19 |
|
|
B-60 |
72.0 |
85.0 |
13.0 |
0.16 |
7.9 |
0.81 |
0.01 |
-45 |
|
B-66 |
83.0 |
175.0 |
92.0 |
0.71 |
10.0 |
0.97 |
0.04 |
-45 |
|
B-70 |
77.5 |
104.5 |
27.0 |
0.07 |
4.8 |
0.68 |
0.01 |
-45 |
|
B-73 |
112.0 |
148.0 |
36.0 |
0.18 |
4.2 |
0.76 |
0.03 |
-45 |
|
B-75 |
70.0 |
122.5 |
52.5 |
0.11 |
4.0 |
0.84 |
0.01 |
-45 |
|
B-79 |
76.5 |
106.5 |
30.0 |
0.10 |
2.3 |
0.36 |
0.01 |
-45 |
The zinc
mineralization encountered in Hole NW-008
has been substantiated by Hole NW-015 which
encountered 69.5 meters averaging 1.3% Cu
and 3.69% Zn. Additional drilling is
required to further define the significant
intersections of zinc enriched sulphides to
the southwest. The true width of
mineralization on this section is
interpreted to be between 25 and 30 meters.
Recently received soil results would
indicate that the more zinc enriched
sulphides extend further to the southwest. A
significant amount of drilling is still
required to fully define this deposit and
determine its economic viability. A plan for
future drilling is being formulated and this
will be implemented at some time in the
future.
The
podiform nature of the massive sulphides and
limited drilling on any particular sections
makes interpretation of true widths somewhat
difficult. Depending on the depth of
intersection the interpreted massive
sulphide pod could range in true width from
less than 10 meters up to 90 meters.
Hole
NW-016 did not intersect any significant
sulphide mineralization as it was drilled
too far to the northwest. Hole NW-019
intersected significant lengths of
semi-massive sulphides but returned no
assays of significance. Hole NW-022 was
drilled too far to the northwest and missed
the sulphide horizon.
Nevsun
views the NW Zone massive sulphide and gold
deposit as a potential source of feed for
the proposed processing facility at Bisha.
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 the extension
of the exploration district at Bisha, NW
Zone as a good satellite opportunity for
supplemental feed, interpretation regarding
the NW Zone deposit and the opportunities
for further exploration. 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
Nsu05-24.doc |
For
further information, Contact:
Judy Baker
(604) 623-4704 or 1-888-600-2200
e-mail:
nevsuninfo@nevsun.com
Website:
www.nevsun.com
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