kop_261115_tw1024.jpg

Nevsun advancing pre-feasibility study with major drilling program at Timok

Nevsun Resources Ltd. is pleased to provide an update on the Company's Timok copper-gold project (“Timok Project”) in Serbia. Since closing the acquisition of the Timok Project this past June, Nevsun has been rapidly ramping up the Upper Zone pre-feasibility study ("PFS") work. In addition, the Company, with its joint venture partner, Freeport-McMoRan, has commenced a 67,000 meter drilling program on the Lower Zone deposit to further define the deep porphyry potential.

Cliff Davis, President and CEO of Nevsun stated, “A significant benefit to the Company has, and will be, the availability of local, skilled Serbian staff and contractors due to a rich mining history in country. Our Serbian team will be supplemented by Nevsun’s proven development expertise and specialist consultants. Nevsun looks forwards to mining in Serbia for decades to come.” 

Highlights:

  • Six drills on the Upper Zone targeting 50,000 meters of drilling
  • PFS targeted to be completed in September 2017
  • Exploration decline targeted to start later in Q4 2017
  • US$35 to US$40 million budgeted for Upper Zone work through 2017
  • Four drills on the Lower Zone targeting 67,000 meters of drilling over next 18-22 months
  • US$20 million estimated for Lower Zone program

Members

logo.png
DS-logo.png
Apatinska_pivara,_A_Molson_Coors_company_logo.jpg
dundee-precious-metals.png
logo_dominion.png
nevsun-resources-logo.jpg
Magna_logo.svg.png
bryan_logo.png
Optiva-logo.png
AP-logo-eng.png
Contango-logo.jpg
logo-blanco.jpg
cargo-partner_hoch_4c-logo.jpg
logo-57922120c944c.png
lgo_hdr.png
header-back-logo.png
DVS_logo2.jpg
Logo-jantar.jpg
GrasSavoy-logo.jpg
logo_greentech-page-001.jpg
BUS-novi-logo.JPG
download-5792253e68bb5.png
MetalferGroup_Logo_Artwork--CMYK-.jpg
jsp-logo-engleski-300dpi.jpg
Petroprocess-logo.jpg
metso-logo-with-customer-promise-professional-printing-color-final.jpg
download.png
download-5792243e537a1.png
TNation_logo.png
S&V-Drilling,-logo.jpg
logo-Nenad-Stankovic.png
Terragold-Logo.jpg
logo.png
ELDLogo-CMYK_high-res.jpg
lazarevicprsic.jpg
apollo-plus-232.jpg
MAVERICK_LOGO_Page_1.png
Parivodic.png
Colour_RGB_Logo_13mm_400x400.jpg
Teknoxgroup-CAT-logo.png
schneider_electric-logo.jpg
Rakita-logo.png
Envico-Logo-Transparent.gif
CURIC-MARKO-Logo.png
Minerals---Horizontal---Full-Colour---RGB.jpg
download.png
Air-transat-logo.png
Logo-Hiex-Belgrade-City-07.jpg
Screenshot-2017-11-30-15.33.19.png
Rudnik-logo.png
dvoper-logo.jpg
Geops-logo.png
Interhermes-logo.png
Zunic-Law-logo-1.png
logo-zoran.png
Logo-Fercam.jpg
Logo-GEOING-1.jpg