| Nevsun Files Technical Report for the Timok Upper Zone Preliminary Economic Assessment | |
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VANCOUVER , Dec. 6, 2017 /CNW/ - Nevsun Resources Ltd. (NSU.TO) (NYSE MKT:NSU) ("Nevsun" or the "Company") today announced that the Timok Upper Zone National Instrument 43-101 technical report has been filed and is available for review under the Company's profile on SEDAR at www.sedar.com, on EDGAR at www.sec.gov and on the Company's website at www.nevsun.com. About Nevsun Resources Ltd. Nevsun Resources Ltd. is the 100% owner of the high-grade copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower Zone in Serbia. The Timok Lower Zone is a partnership with Freeport-McMoRan Exploration Corporation ("Freeport"), which currently owns 39.6% and upon completion of any Feasibility Study, Nevsun will own 46% and Freeport will own 54%. Nevsun generates cash flow from its 60% owned copper-zinc Bisha Mine in Eritrea . Nevsun is well positioned with a strong debt-free balance sheet to grow shareholder value through advancing Timok to production. NEVSUN RESOURCES LTD. "Peter Kukielski" Peter Kukielski President & Chief Executive Officer
SOURCE Nevsun Resources Ltd.
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Nevsun Resources Ltd
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PRODUCER |
CODE : NSU |
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CUSIP : 64156L |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nevsun Res. is a zinc and gold development stage company based in Canada. Nevsun Res. produces zinc, gold, copper and silver in Eritrea and in Ghana, develops gold in Mali, and holds various exploration projects in Mali. Its main assets in production are BISHA in Eritrea and KUBI in Ghana, its main asset in development is TABAKOTO in Mali and its main exploration properties are KENIEBA SUD and SEGALA / DAR SALAM in Mali. Nevsun Res. is listed in Canada and in United States of America. Its market capitalisation is US$ 1.3 billions as of today (€ 1.2 billions). Its stock quote reached its lowest recent point on December 18, 2001 at US$ 0.04, and its highest recent level on November 07, 2003 at US$ 8.18. Nevsun Res. has 301 869 984 shares outstanding. |