viewOrsu Metals Corporation

Orsu Metals discovers new mineralized areas of gold at Sergeevskoe project

The exploration company found the new mineralized zones over a 400-metre strike length

gold mineralization
One drill hole intercepted 1.7 grams per ton gold and 16.1 grams per ton silver over 6.1 metres

Orsu Metals Corporation (CVE:OSU) has discovered new gold mineralized zones at its Sergeevskoe project in Russia, it announced Thursday.

The Vancouver-based exploration company said it made the discovery at an area known as Peak Klyuchi on the property, where new gold-mineralized zones were found over a 400-metre strike length.

One drill hole intercepted 1.7 grams per ton (g/t) gold and 16.1 g/t silver over 6.1 metres and 0.7 g/t gold and 5.8 g/t silver over 6.5 metres.

READ: Orsu Metals kicks off 2019 exploration season

“Discovery of the new mineralized zones around Peak Klyuchi domain will extend the mineralized footprint of the deposit by another 400 meters northwest of Kozie occurrence. This is material,” said Orsu’s executive chairman Dr Sergey Kurzin.

“This discovery provides a testimony to a potential of the system and our ability to grow it.”

According to Kurzin, the purpose of the initial stage of the 2019 exploration program was to better understand where to drill to increase the size of the mineralization.

“While we have not finished yet Stage 1, we now have a good idea how to achieve this goal in Stage 2 of the 2019 program to commence later this year,” he said in a statement.

Orsu’s exploration director Dr Alexander Yakubchuk said that the new gold-mineralized intercepts in the drill hole at Peak Klyuchi demonstrate a “significant upside potential” at Sergeevskoe, including higher silver grades outside the initial defined resource.

The explorer is in the midst of its 2019 exploration program, which includes 3,500 metres of drilling and 3,000 metres of trenching at Sergeevskoe, a 7.6-square kilometre area near the Klyuchevskoe gold deposit owned by Sun Gold Ltd.

Contact Angela at [email protected]s.com

Follow her on Twitter @AHarmantas

Quick facts: Orsu Metals Corporation

Price: 0.18 CAD

Market: TSX-V
Market Cap: $7.65 m

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