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Orsu Metals hails "excellent" drill assays from Sergeevskoe gold project

The assay is from the main stockwork in zone 23. The drilling is designed to deliver a maiden resource by the fourth quarter

One hole showed 22.2m (metres) at 2.62 g/t (grams per ton) of gold

Orsu Metals Corp (CVE:OSU) has posted "excellent" drilling results from one hole at the Sergeevskoe gold project in Russia, which showed 22.2m (metres) at 2.62 g/t (grams per ton) of the yellow metal.

The assay is from the main stockwork at zone 23 at the project and the work is designed to deliver a maiden resource estimate by the fourth quarter.

"Orsu successfully started testing the western extent of gold mineralisation at zone 23," said Dr Alexander Yakubchuk, the director of exploration.

"It is encouraging to see that SDH18-43 returned 22.2 m grading 2.62 g/t Au versus the previously reported total average drill width of the main stockwork of 16.5 m at 2.23 g/t of Au.

"This hole lifts the average gold grade in the main stockwork to 2.45 g/t Au (gold), demonstrating the consistent presence of the higher gold grades in the system.

"Both main and southern stockworks of zone 23 continue to the west, totalling 280 m vis-a-vis 240 m reported by Orsu only three weeks ago.

READ: Orsu Metals hails "excellent drill results" from its Sergeevskoe gold project

"Their average combined drill width reaches 33.08 m averaging 1.89 g/t Au at the upper range of the 1.5 to 2.0 g/t Au guidance estimated based on 2017 drilling and trenching results prior to the commencement of the 2018 programme."

He said the company continues to carry out step out drilling at zone 23 both eastwards and westwards and expects to report further results for gold mineralisation at the western and eastern extents of the zone shortly.

Kurzin added: "We have historical evidence to believe that zone 23 can reach 500 to 600 metres along the strike vis-a-vis currently drill proven 280 m and this is what we focus on now at zone 23."

He added that the firm sees continuing exploration success at Klyuchi West where the company hit over 200 m of mineralisation.

"We are continuing to drill with a growing confidence in the quality of the soon to be delivered maiden mineral resource statement."

The Sergeevskoe gold project licence occurs immediately east from the Alexandrovskoe open pit and gold plant owned by Zapadnaya Gold Mining Ltd,  and to the west from the Klyuchevskoe gold licence owned by Sun Gold Mining.

Quick facts: Orsu Metals Corporation

Price: 0.21 CAD

Market: TSX-V
Market Cap: $7.68 m

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Orsu Metals Corp - Mining Capital Conference May 2019

Orsu Metals Corporation's (CVE:OSU) Dr Alexander Yakubchuk presents to investors at the Proactive Mining Capital Conference in London. More more information visit: www.orsumetals.com

on 9/5/19

2 min read