Profile: Nevsun Resources Ltd (NSU.A)
5 Feb 2016
Nevsun Resources Ltd. (Nevsun), incorporated on July 19, 1965, is engaged in the acquisition, exploration, development and operation of mineral property interests. The Company's principal mining operation is the Bisha Mine and the Company's principal mineral property is the Bisha property, which is owned by Bisha Mining Share Company (BMSC). The Company's wholly owned subsidiaries include Nevsun (Barbados) Holdings Ltd., Nevsun Africa (Barbados) Ltd. and Nevsun Resources (Eritrea) Ltd. The Company has 60% interest in BMSC.
Bisha is a volcanogenic massive sulphide (VMS) deposit located 150 kilometers west of Asmara, Eritrea, East Africa. The Bisha mine hosts a gold, copper and zinc deposit and the overall Bisha district includes satellite VMS deposits known as Harena, Northwest and Hambok. The Bisha Main deposit is located within the Bisha Mining License and the Harena satellite deposit lies in a separate mining license 6 kilometers south. Bisha Main and Harena form 100% of the mineral reserves for Bisha.
Nevsun Resources Ltd
760-669 Howe St
VANCOUVER BC V6C 0B4