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Metallurgical Drill Hole Results, Bisha, Eritrea

 

February 2, 2006

METALLURGICAL DRILL HOLE RESULTS, BISHA, ERITREA

Nevsun Resources Ltd. (NSU-TSX and AMEX) (“The Company”) is pleased to announce the results of assaying from drill holes specifically put down to obtain a bulk sample for metallurgical purposes. The drill program took part in two phases in 2005. Although preliminary test results having been recently released in the Bisha Scoping Study carried out by AMEC Americas Limited, additional metallurgical test work will be completed in conjunction with the Bisha Feasibility Study currently being completed.  Metallurgical test work for both the Scoping Study and the Feasibility Study is being carried out at SGS Lakefield.

Metallurgical Drill Hole Assays

A summary of significant assay intervals follows:

Hole #

Domain

From

To

Meters

Au g/t

Ag g/t

% Cu

% Zn

Met-05-01

oxide

30.0

36.0

6.0

8.15

94.20

-

-

 

supergene

42.0

68.5

26.5

-

-

2.11

-

 

primary

67.5

157.5

90.0

-

-

1.33

5.53

 

primary

157.5

202.5

45.0

-

-

1.07

1.13

Met-05-02

supergene

55.5

70.0

14.5

-

-

0.46

1.27

 

primary

70.0

112.0

42.0

-

-

0.35

1.75

 

primary

175.7

247.0

71.3

-

-

0.71

9.24

 

primary

247.0

255.4

8.4

-

-

0.92

3.00

Met-05-03

oxide

3.0

33.0

30.0

6.09

 

-

-

 

supergene

40.5

82.5

42.0

-

-

4.41

-

 

primary

82.5

123.3

40.8

-

-

0.02

1.12

Met-05-04

oxide

0.0

36.0

36.0

3.36

-

-

-

 

supergene

40.5

84.0

43.5

-

-

1.23

-

Met-05-05

supergene

34.5

50.5

16.0

-

-

9.04

-

 

primary

50.5

109.0

58.5

-

-

2.29

7.31

 

primary

109.0

115.0

6.0

-

-

2.15

2.00

 

Hole #

Domain

From

To

Meters

Au g/t

Ag g/t

% Cu

% Zn

Met-05-06

oxide

22.0

34.5

12.5

3.18

19.80

-

-

 

supergene

34.5

62.5

28.0

-

-

9.14

-

 

primary

62.5

89.5

27.0

-

-

1.95

7.04

 

primary

89.5

125.0

35.5

-

-

2.16

1.96

 

Stringer sulphides

125.0

145.0

20.0

-

-

0.69

0.27

Met-05-07

oxide

31.5

42.0

10.5

5.48

6.64

-

-

 

supergene

42.0

68.5

26.5

-

-

2.11

-

 

primary

68.5

124.3

55.8

-

-

0.46

4.09

Met-05-08

supergene

40.5

58.8

18.3

-

-

16.40

-

 

Not all intervals were assayed for all elements on a sample by sample basis.  Composite samples were subsequently assayed for multiple elements. Drill holes using PQ and HQ sized core were located in areas where it was thought samples representative of the various phases of the deposit could be obtained. The holes were not necessarily designed to cross-cut the mineralized trend at right angles but more to obtain adequate quantities of material to make up various composite samples that reflected the three major metallurgical domains that make up the Bisha deposit.  See Figure 1 for drill hole locations.

Bill Nielsen, P.Geo. and Nevsun’s Vice-President of Exploration, the qualified person under National Instrument 43-101, supervised and directed all work associated with the drilling program.

The Bisha Scoping Study indicated recoveries of 87% for the gold in the Oxide layer, 85% for copper in the Supergene copper layer, and concentrate recoveries of 83% copper and 85% zinc for the Primary massive sulphides.

Ore

Tonnes

m

Au  g/t

Ag  g/t

Cu %

Zn %

Au recovery

Ag recovery

Cu recovery

Oxide

4.1

7.6

35.8

0.1

0.1

87%

45%

 

Supergene Cu

6.3

1.0