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.
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]