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January 9, 2013
07:35 EDTNSUNevsun Resources says produced 313,000 ounces of gold in 2012
Nevsun Resources announced strong production results of 313,000 ounces of gold for 2012 with 46,000 ounces in the quarter ended December 31, 2012. Gold production for 2012 exceeded the top end of the latest guidance. Bisha gold production is again extended and is now anticipated to continue to the end of Q2, aligning well with the planned commissioning of the copper expansion project. The copper plant expansion continues to progress on schedule and budget with concentrate production expected in mid-2013.
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February 11, 2016
17:15 EDTNSUNevsun Resources provides 2016 exploration plans
In 2016, Bisha will continue its balanced exploration approach, focussing not only on near term resource expansion opportunities, but also on discovering new greenfield deposits. At Harena, drilling will continue to explore the deposit down dip where it remains open and is demonstrating a trend of increasing thickness and grade with depth. Opportunities also occur immediately along strike of the deposit to the north and south. Over 12,000 metres of drilling is planned at Harena in 2016. The Bisha Main deposit remains open at depth and a 10,000 metre drill program will focus on expanding the deposit below the proposed ultimate open pit. Greenfield exploration will mainly target opportunities in the Asheli area of the Mogoraib River exploration license, where a new massive sulphide deposit was discovered in 2015. Exploration work including 12,000 metres of diamond drilling will be used to explore the 4 kilometres of untested favourable stratigraphy. A total budget of $11M is planned for exploration in 2016. The company plans to limit sustaining capital expenditure to less than $9M for the year.
17:14 EDTNSUNevsun Resources provides 2016 production guidance
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