Orsu Me­tals drills 32.1 m of 1.61 g/t Au at Sergeevskoe

Stockwatch Daily - - MINES & METALS - Dr. Alexan­der Yakubchuk re­ports

ORSU ME­TALS Corp. has re­leased ad­di­tional en­cour­ag­ing re­sults from phase 2 ex­plo­ration pro­gram at its Sergeevskoe gold project in Rus­sia.

Highlights:

• Two prospects — zone 23 and adit 5 — were trenched and drilled at the Sergeevskoe gold project, with a to­tal of 1,200 me­tres in eight trenches and 638.8 m in four widely spaced drill holes.

• At zone 23, hole SDH17-1, drilled near the historical hole C-222, in­ter­cepted:

• 1.61 grams per tonne gold over 32.1 m (in­clud­ing 2.45 g/t Au over 14.0 m);

• 1.18 g/t Au over 8.9 m;

• 0.61 g/t Au over 14.2 m.

• At adit 5, the 389 m long trench S23TR17-5 in­ter­cepted mul­ti­ple min­er­al­ized in­ter­vals:

• 2.94 g/t Au over 3.8 m;

• 0.71 g/t Au over 21.0 m;

• 0.84 g/t Au over 2.8 m;

• 0.51 g/t Au over 3.2 m;

• 0.88 g/t Au over 2.0 m;

• 1.56 g/t Au over 4.0 m;

• 1.37 g/t Au over 13.0 m;

• 1.24 g/t Au over 10.0 m (in­clud­ing 3.14 g/t Au over 2.0 m);

• 2.24 g/t Au over 14.0 m (in­clud­ing 3.55 g/t Au over 8.3 m);

• 1.57 g/t Au over 24.0 m (in­clud­ing 5.81 g/t Au over 2.0 m);

• 2.01 g/t Au over 16.0 m (in­clud­ing 11.1 g/t Au over 1.5 m);

• 4.75 g/t Au over 4.4 m (in­clud­ing 20.8 g/t Au over 0.8 m);

• 0.58 g/t Au over 2.0 m;

• 1.05 g/t Au over 6.0 m.

• At adit 5, re­sults from 175 m long drill hole SDH17-4 in­clude:

• 2.4 g/t Au over 14.9 m;

• 1.52 g/t Au over 0.75 m;

• 0.59 g/t Au over 1.0 m;

• 1.15 g/t Au over 3.65 m;

• 1.44 g/t Au over 15.4 m;

• 0.53 g/t Au over 3.6 m;

• 1.48 g/t Au over 6.7 m;

• 0.66 g/t Au over 3.0 m;

• 1.04 g/t Au over 1.85 m.

Dr. Alexan­der Yakubchuk, di­rec­tor of ex­plo­ration of Orsu, com­mented: “At zone 23 and adit 5, based on just 638.8 m of drilling and 1,200 m of trench­ing and guided by pole-dipole in­duced po­lar­iza­tion sur­vey data, Orsu was able to de­lin­eate an­other sig­nif­i­cant one km long gold min­eral clus ter at t he Sergeevskoe gold project, struc­turally rep­re­sent­ing an off­set from the Klyuchevskoe gold de­posit. At zone 23, the 530 by 120 m west-east-trend­ing gold min­er­al­iza­tion forms sev­eral seem­ingly dis­crete zones, which merge at just 45 m depth into co­her­ent wide in­ter­vals (SDH17-1), broadly con­firm­ing historical drilling re­sults. At 430 by 250 m adit 5 prospect, Orsu re­vealed mul­ti­ple in­ter­cepts over broadly north-south-trend­ing vein swarms, con­firmed by drilling to a depth of 180 m. Orsu con­tin­ues its ex­plo­ration works at Sergeevskoe prop­erty dur­ing the fourth quar­ter of 2017 with ad­di­tional drilling.”

Orsu cur­rently owns a 30-per-cent in­ter­est in the Sergeevskoe gold project and the com­pany has agreed to ac­quire a fur­ther 60-per-cent in­ter­est for a to­tal in­ter­est of 90 per cent (see Nov. 6, 2017, news re­lease).

We seek Safe Har­bor.

Karen Bax­ter con­densed this news re­lease (karenb@stock­watch.com).

Mark A Corra, Sergey Vladimirovich Kurzin, Vladimir Pakhov­mov, David John Rhodes, Sergei Ste­fanovich

(OSU) Shares: 35,718,682

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