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Bisha Project
Bisha
Country
Eritrea
Status
PRODUCTION
Latitude / Longitude
15 N 301661 / 37 E 30
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Risk and valuation analysis of the Bisha Project
Status Risk : Production
Country Risk : Very High
Resource Risk : 90.00%
In situ value
3,116,008,272 $
Title(s) of the Bisha Project
Nevsun Resources Ltd
Owner: 60%
Title
Company Profile
All Projects
Company website
Company project page
Eritrean state mining company Enamco holds a 40% stake in Nevsun’s Bisha gold/copper/zinc project which consists of a 10% free carry and a 30% stake to be purchased at “fair value.”
Location of the Bisha Project
The Bisha Property is located in Eritrea, Africa.
Geology of the Bisha Project
Bisha is a large precious metal and base metal-rich volcanogenic massive sulphide (VMS) deposit. Suggested models for the deposit include felsic dominated bimodal-siliclastic VMS and Noranda/Kuroko type deposits and a comparison has been made to the Matagami VMS district in Quebec.
Reserves and resources of the Bisha Project
Tonnage
Grade
Reserves and resources
Zinc
Gold
Copper
Silver
Zinc
Gold
Copper
Silver
%
g/t
%
g/t
lbs
oz
lbs
oz
Proven and Probable
20,079,000
3.50
1.50
1.20
34.00
1 549 331 617
968 332
531 199 411
21 948 865
Total
20 079 000
1 549 331 617
968 332
531 199 411
21 948 865
Definitions
Reserves and resources of the Bisha Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Copper
531 199 411
531 199 411
lbs
1 676 199 743 US$
Gold
968 332
968 332
oz
1 325 356 365 US$
Zinc
1 549 331 617
1 549 331 617
lbs
1 147 899 795 US$
Silver
21 948 865
21 948 865
oz
476 070 873 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
COPPER (lbs)
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
100,000,000
Exploration and drilling
11/15/2010
Nevsun Commences Resource Expansion Drilling
10/19/2010
Updates Bisha Project Photo Gallery
10/1/2010
Bisha Looks Forward to Significant Reserve and Production Ex...
8/23/2010
Bisha Royalty Buyout Increases Future Cash Flows
7/30/2009
Bisha Project Financing - Major Condition Satisfied
7/17/2009
closes Bisha financing
7/15/2009
Bisha Project Finance Approvals - US$235 million
10/30/2008
BISHA PROJECT - FINANCE AND ECONOMIC AND PROJECT UPDATE
9/4/2008
BISHA CONSTRUCTION UNDERWAY
5/15/2008
Bisha Update-Capital and Operating Costs
3/11/2008
Bisha
3/3/2008
Bisha update
2/25/2008
BISHA Update
1/8/2008
Bisha mining license issued
12/12/2007
Bisha Mining Agreement Signed
2/2/2006
Metallurgical Drill Hole Results, Bisha, Eritrea
Discoveries and Drilling Results
9/22/2009
Bisha Project Secures Sales Contracts
4/26/2006
Drill Results from the Northwest Zone and Bisha Hangingwall ...
Location
Data last updated on : 12/31/2008
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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