Orsu Metals Corporation is a mineral exploration and development company. The 90% owned Sergeevskoe gold project located in the Mogocha District of the Zabaikal’skiy Region of the Russian Federation is the focus of Orsu’s activities. On October 11, 2017, Orsu completed the sale of its 94.75% interest in the Karchiga, Kazakhstan project for proceeds of US$ 6 million.
July 2, 2019
Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is pleased to announce the commencement of the 2019 exploration season at its Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation.
- Drilling, as Stage 1 (3,500 meters of drilling) of the 2019 exploration programme, started at Zone 23 to be continued at Peak Klyuchi, Kozie and Klyuchi West domains
- Stage 1 will also test previously undrilled occurrences
Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented:
“We started drilling at the potential western extension of Zone 23 that contains the largest part of the maiden Sergeevskoe resource announced in April 2019. The priority for Stage 1 of the 2019 exploration programme is to expand the mineralized envelope and to test previously undrilled occurrences.”
Orsu has commenced its previously announced 3500 m drilling and 3000 m trenching programme at Sergeevskoe (see press release May 14, 2019). In 2019, the Company will expand its activity into other parts of the 7.6 square km Sergeevskoe license. These activities will include drill testing of the Sergeeva and Pridorozhnoe occurrences (Figure 1) beyond the one square km area of the focus in 2017-18.
The Company will further test additional targets within the area of the Inferred mineral resource (see press release April 17, 2019; Figure 2). This part of the programme will focus on deeper parts of Klyuchi West, Intermediate and Zone 23 domains. Although drilling started at the western extension of Zone 23, the 2019 programme will also test the area to the north of Kozie, where mineralized veins were outlined at the extent of drilling, which did not constrain the northern limit of the mineralized envelopes.