NSU
TSX- and NYSE-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Tuesday announced a 29% rise in total indicated mineral resources, last estimated on May 31, 2012.
The resource estimate was boosted by the maiden openpit resource estimates for the Hambok and Northwest zone deposits and the updated mineral reserve estimates for the Bisha main and Harena openpit mines.
Hambok and the Northwest zone are satellite deposits to the Bisha main pit and, in addition to Harena, were expected to provide additional feed to the Bisha mill, extending the mine life.
Nevsun said that the combined property tenements its subsidiary Bisha Mining Share Company controls had added 9.3-million combined oxide gold, supergene copper and primary copper/zinc zone tonnes.
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