Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce the commencement of the 2019 exploration season at its Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation.
- Drilling, as Stage 1 (3,500 meters of drilling) of the 2019 exploration programme, started at Zone 23 to be continued at Peak Klyuchi, Kozie and Klyuchi West domains
- Stage 1 will also test previously undrilled occurrences
Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “We started drilling at the potential western extension of Zone 23 that contains the largest part of the maiden Sergeevskoe resource announced in April 2019. The priority for Stage 1 of the 2019 exploration programme is to expand the mineralized envelope and to test previously undrilled occurrences.”
Orsu has commenced its previously announced 3500 m drilling and 3000 m trenching programme at Sergeevskoe (see press release May 14, 2019). In 2019, the Company will expand its activity into other parts of the 7.6 square km Sergeevskoe license. These activities will include drill testing of the Sergeeva and Pridorozhnoe occurrences (Figure 1) beyond the one square km area of the focus in 2017-18.
The Company will further test additional targets within the area of the Inferred mineral resource (see press release April 17, 2019; Figure 2). This part of the programme will focus on deeper parts of Klyuchi West, Intermediate and Zone 23 domains. Although drilling started at the western extension of Zone 23, the 2019 programme will also test the area to the north of Kozie, where mineralized veins were outlined at the extent of drilling, which did not constrain the northern limit of the mineralized envelopes.
Figure 1. An outline of the 7.6 sq km Sergeevskoe license area with location of principal gold prospects and adjacent Klyuchevskoe open pit. The area of 2017-18 exploration works is shown in red.
Figure 2. Plan view of the maiden Mineral Resource block model at Sergeevskoe and exploration targets at its western and northwestern extension. Grey-blue colours depict mineralized intercepts in the historical holes.
Alexander Yakubchuk, the Company’s Director of Exploration, Ph.D., MIMMM, a Qualified Person as defined by NI 43-101, has reviewed and approved the exploration information disclosures contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information, please contact:
Alexander Yakubchuk, Director of Exploration, Orsu Metals Corporation
Doris Meyer, Corporate Secretary, Orsu Metals Corporation
Tel: +1-604-536-2711 ext 6