Orsu Metals Corp (CVE:OSU)

Orsu Metals Corp (CVE:OSU)


Share Price
$ 0.37
Change
0.005 (1.39 %)
Market Cap
$13.34 m
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Orsu Metals Corp

Orsu Metals Corporation is a mineral exploration and development company. The 90% owned Sergeevskoe gold project located in the Mogocha District of the Zabaikal’skiy Region of the Russian Federation is the focus of Orsu’s activities. On October 11, 2017, Orsu completed the sale of its 94.75% interest in the Karchiga, Kazakhstan project for proceeds of US$ 6 million.

 

EPIC: OSU
Market: TSX-V:OSU
52-week High/Low: C$0.40 / C$0.17
Sector: General Mining - Gold [T3]
Market Cap: $13.34 m
Website: www.orsumetals.com
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Big Picture – A Deep Dive Examination of Orsu Metals Corp


Orsu Metals Corp Snapshot

Orsu Metals: Releasing Maiden Resource For Russian Gold Project In Q4 2018   click here to view 

Orsu Metals Corp. (Orsu coverage begins at 2:00 min mark) - click here to view 

 

 

Sergeevskoe – a significant recent gold discovery in Russia

Overview

About the Sergeevskoe Licence Area

The Sergeevskoe licence covers an area of 7.6 km2 and is located approximately 40 km to the southwest of the town of Mogocha, Zabaikal’skiy Region of the Russian Federation. Mogocha is an administrative centre of the Mogocha District and hosts a large railway station on the Trans-Siberian Railway which runs within approximately 35 km of the licence area. The newly built Chita-Khabarovsk motorway (M58) is approximately 8 km to the south of the licence area. The distance to the Sergeevskoe Project area from the city of Chita, an administrative centre of the Zabaikal’skiy Regionin eastern Siberia, is approximately 650 km.

The Sergeevskoe licence area is located immediately west of the Klyuchevskoe gold deposit (see image below), which is owned by Sun Gold Ltd (“Sun Gold”). According to Dr BI Benevolskiy, who published detailed accounts of historical production of gold in a monograph “Gold of Russia” (Benevolskiy, 2002; see footnote 3), the Klyuchevskoe deposit has historically produced over 1.3 million ounces of gold from an open pit, whose western wall is located 300 metres from the eastern margin of the Sergeevskoe license area. According to public information published by Vestnik Zolotopromyshlennika (Gold Miner Bulletin) on August 31, 2016 (see footnote 4), the Klyuchevskoe deposit has estimated mineral resources containing 47.8 tonnes of gold in Russian style A+B+C1 categories, 26.6 tonnes of gold in Russian style C2 category and 4 tonnes of gold in ‘out of balance’ category, complying with Russian Code for the Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves, all grading up to 2 grammes of gold per tonne. According to the Russian Federal Antimonopoly Agency, the Klyuchevskoe mine is in the advanced stages of being sold to China National Gold Group (see footnote 4).

The nearby Alexandrovskoe gold mine, which was commissioned in September 2013, lies to the west of the Sergeevskoe license area (see image below). Alexandrovskoe Gold Mining Limited has disclosed on its website that in the end of 2012, the Russian style reserves were approved by Protocol No.2853 of the Russian State Reserves Committee, amounting to 7.898 million tonnes in Russian-style С1+ С2 categories (balance + off-balance) with 23.894 tonnes (715 381 ounces) of gold grading 2.9 grammes of gold per tonne. Alexandrovskoe Gold Mining Limited also reported Russian-style resources at Alexandrovskoye ore field estimated to be more than 2 million ounces of gold (see footnote 4).

To read more click here.

British Virgin Islands & Canada.

DR. SERGEY V KURZIN
Director, Executive Chairman


Dr Sergey Kurzin is a Russian-born (1960) research engineer who moved to the United Kingdom in 1990 and has since played a key role in initiatives to acquire and progress several important Former Soviet Union mining assets. These include Julietta (a high grade gold deposit in Magadan, Russia, with Bema Gold), Kupol (a high grade epithermal gold deposit in Chukotka, Russia, also with Bema Gold), and the Varvarinskoye copper and gold skarn deposit in Kazakhstan with European Minerals Corporation. He has also played a key role in establishing UrAsia Energy Ltd, a uranium producer with mining operations in the Republic of Kazakhstan. He founded Oriel Resources Plc and held the position of its Executive Chairman.


SERGEI STEFANOVICH
Director, Managing Director


Sergei Stefanovich is a lawyer by initial training and received an MBA from IMD (Institute for Management Development), Lausanne, Switzerland. He has over 16 years of corporate finance, strategy & business development experience principally focused on Russia and larger FSU area. He has managed a public equity mining fund that invested into junior mining companies and was Director (Strategy and M&A) for Norilsk Nickel and a past Board member of Gold Fields Limited. He served as a legal counsel for Sputnik private equity funds, AT&T & McKenna & Co. He resides in Moscow and is fluent in Russian and English.


DR. ALEXANDER YAKUBCHUK
Director of Exploration


Dr Alexander Yakubchuk joined Orsu in 2008 as a consultant and later as Director of Exploration, bringing more than 14 years of experience gained in the FSU, including Russia, Kazakhstan, Kyrgyzstan and Uzbekistan, as well as internationally in Australia, Mongolia, China, Canada, and several European countries. During 2003-2007 he held the position of Exploration Manager for Europe and FSU for Gold Fields. Dr Yakubchuk has previously worked with and consulted companies such as BHP-Billiton, Norilsk Nickel, Goldcorp, Rio Tinto, World Bank and Inco and previously lectured as an Associate Professor at Lomonosov Moscow State University for 5 years.


DAN O’BRIEN
Chief Financial Officer


Dan O’Brien is a member of the Chartered Professional Accountants of British Columbia. He is also Chief Financial Officer for a number of publicly listed exploration companies trading on the TSX and TSX Venture exchanges. Mr. O’Brien was previously a senior manager at a leading Canadian accounting firm where he specialized in the audit of public companies in the mining and resource sector. Mr. O’Brien resides in British Columbia, Canada.


DORIS MEYER
Corporate Secretary


Doris Meyer is the Corporate Secretary of Orsu. Ms. Meyer gained her early experience in the mining industry as Vice President Finance of Queenstake Resources Ltd. from 1985 to 2003. Ms. Meyer launched her private company Golden Oak Corporate Services Ltd. in October 1996 with Queenstake as her first client. Since that time, Golden Oak has provided publicly traded mineral exploration companies with administrative, financial reporting and corporate compliance services. Ms. Meyer is former CPA, CGA.

Share Structure

Share Structure as at November 8, 2018

 

Head Office

P.O. Box 3340
2nd Floor, Palm Grove House, Wickhams Clay
Road Town, Tortola, British Virgin Islands

 

Corporate Address

Unit 1 – 15782 Marine Drive
White Rock, BC
Canada, V4B 1E6
Email: [email protected]

 

General Enquiries

Doris Meyer, Corporate Secretary
Email: [email protected]
Phone: 1-604-536-2711

Head Office

P.O. Box 3340
2nd Floor, Palm Grove House, Wickhams Cay
Road Town, Tortola, British Virgin Islands

Corporate Office

Unit 1 – 15782 Marine Drive
White Rock, BC
Canada, V4B 1E6
Email: [email protected]
Phone: 604-536-2711

Transfer Agent

Computershare Trust Company of Canada
510 Burrard Street, Second Floor
Vancouver, BC
Canada, V6C 3B9

Auditors

Davidson & Company LLP , Chartered Accountants
1200 - 609 Granville Street
Vancouver, BC
Canada, V7Y 1G6

Stock Listing:

TSX Venture Exchange: OSU
Cusip: G6777T | LEI: 2138

 

Head Office

P.O. Box 3340
2nd Floor, Palm Grove House, Wickhams Clay
Road Town, Tortola, British Virgin Islands

Corporate Address

Unit 1 – 15782 Marine Drive
White Rock, BC
Canada, V4B 1E6
Email: [email protected]

 

General Enquiries

Doris Meyer, Corporate Secretary
Email: [email protected]
Phone: 1-604-536-2711

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