Nevsun expands Tabakoto project

Drill results from the Tabakoto gold project in western Mali reveal increasing grades and widths at depth, particularly in the central part of the Main zone.

Nevsun Resources (NSU-T), which owns 90% of the project, has been drill-testing a north-south-trending porphyritic monzonite dyke over a strike length of 1,850 metres and to a vertical depth exceeding 200 metres.

A recent program of six holes intersected mineralization as deep as 275 vertical metres. Highlights are as follows:

Hole 86 cut seven separate intervals of gold mineralization between 139.6 and 395.5 metres, including 24.3 metres of 5.85 grams per tonne from 348.4 to 372.7 metres and 9.3 metres of 4.45 grams from 386.2 to 395.5 metres.

Hole 87 intersected five intervals of mineralization between 76.6 and 286.7 metres, including 8 metres of 16.6 grams from 100 to 108 metres and 2.9 metres of 4.74 grams from 283.8 to 286.7 metres.

Five mineralized intervals were also cut by hole 88, between 229.4 and 318 metres. The hole intersected a significant 15 metres grading 3.57 grams from 276 to 291 metres and an impressive 13 metres grading 35.5 grams from 305 to 318 metres.

Hole 89 hit 3 metres of 20.8 grams at a depth of 50-53 metres and 7.1 metres of 1.09 grams between 153.5 and 160.6 metres.

Hole 90 intersected 14.7 metres grading 2.15 grams between 171.4 and 186.1 metres, while hole 91 cut a significant 19.3 metres of 4.11 grams from 100.5 to 119.8 metres, and 15.4 metres grading 9.75 grams between 169 and 184.4 metres.

Nevsun is making plans to bring in a Longyear 44 drill rig which will be used to test the Main zone to depths exceeding 600 metres. A smaller rig will be directed at testing some 10-12 cross-structures, which offset the Main zone.

Preliminary drilling suggests the potential for increased grade where the cross structures intersect the Main zone.

Preliminary resource calculations for both the Tabakoto and the 90%-owned Kubi project in Ghana are expected by mid-December.

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