logo-loader
viewOrsu Metals Corporation

Orsu Metals files technical report on maiden inferred mineral resource for Sergeevskoe gold project

The company said the inferred resource was put at 1.19 Moz (million ounces) contained gold at a 0.5 grams per ton gold cut-off

Sergeevskoe gold project
Orsu Metals is advancing the Sergeevskoe gold project in the Zabaikal’skiy region of Russia

Orsu Metals Corporation (CVE:OSU) announced Thursday that it has filed a technical report that supports the maiden resource estimate for its Sergeevskoe gold project in the Zabaikalsky region.

The inferred resource was put at 25.09 million tonnes, at a grade of 1.47 g/t (grams per ton) gold and containing 1.19 Moz (million ounces) gold at a 0.5 g/t gold cut-off. This is based on an open pit, which is constrained by the license boundary at Sergeevskoe.

In particular, the firm said there was a strong possibility to identify new mineralization at the western continuation of Klyuchi West and Intermediate domains, and only partly drill-tested mineralization in between these domains and the Kozie domain.

READ: Orsu Metals has the ambition, funding and geology to grow the Sergeevskoe resource

The western extension of Zone 23 remains open, with some gold mineralization recognized in historical holes and by Orsu during scout sampling at the Sergeeva prospect some 500 m west. Peak Klyuchi also requires additional attention, the company noted. 

There are numerous occurrences of gold mineralization and anomalies not yet tested by Orsu beyond the area of detailed works within the  7.6 sq km license area of the Sergeevskoe project.

Orsu shares were at $0.26 on Thursday. 

Contact Katie Lewis at [email protected]

Quick facts: Orsu Metals Corporation

Price: 0.205 CAD

TSX-V:OSU
Market: TSX-V
Market Cap: $8.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Impact of coronavirus on speciality metals 'about to bite' as China industry...

Commodity strategist and chairman of Critical Metals Plc Christopher Ecclestone gives his view on the impact he's expecting coronavirus to have on China as far as imports and exports. ''The effect so far has been limited but it's about to start to bite because with all of these speciality...

7 hours, 36 minutes ago

2 min read