Profile: Nevsun Resources Ltd (NSU.A)
7 Mar 2014
Nevsun Resources Ltd., incorporated on July 19, 1965, is a Canadian mineral resource company. The Company, through its subsidiaries is engaged in the acquisition, exploration, development, and production of mineral properties. Its primary operating asset is the Bisha Mine located on the Bisha Property with gold, silver and base metal (copper and zinc) mineral resources and mineral reserves. In addition, the Company owns the Mogoraib exploration license containing 97.4 square kilometers of area located 16 kilometers southwest of the Bisha Mine, and a mining licence for the Harena deposit, located approximately 9 kilometers south of the Bisha Mine. The Bisha Mine is owned by BMSC, the voting securities of which are held 60% by the Company and 40% by ENAMCO. During the year ended December 31, 2012, diamond drilling programs were undertaken across Bisha Main, Bisha Hangingwall (HW) Copper, Harena and the Northwest (NW) Zone, for a total of approximately 115 holes and 19,432 meters.
The Bisha Mine is located 150 kilometers west of Asmara, 43 kilometers southwest of the regional town of Akurdat, and 50 kilometers north of Barentu, the regional or Zone Administration Centre of the Gash-Barka District, in Eritrea, East Africa. At Bisha Main, 12 geotechnical holes (3,049 meters) were drilled to provide data for a pit design optimization that included the HW Copper Zone extension to the Bisha Main deposit. During 2012, The Company produced 313,000 ounces of gold dore from the Bisha Mine.
Nevsun Resources Ltd
760-669 Howe St.
VANCOUVER BC V6C 0B4