Nevsun Resources Ltd.
TSX : NSU
NYSE Amex : NSU

Nevsun Resources Ltd.

November 03, 2011 07:45 ET

Nevsun Drills 88.5m of 11.8% Zinc at Bisha Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to report assays from the 41 infill diamond drill holes at the Bisha Main deposit.

Highlights

  • High-grade zinc with copper below current Bisha pit design
  • Confirmation of mineralization grades and widths at depth

Select High Grade Results Include:

  • Hole #B-433 – 88.50m of 11.84% Zn & 0.76% Cu from 268.0m-356.5m
  • Hole #B-459 – 94.65m of 8.29% Zn & 0.84% Cu from 308.5m-403.15m
  • Hole #B-461 – 85.90m of 10.71% Zn & 0.86% Cu from 275.1m-361.0m
  • Hole #B-427 – 103.80m of 4.98% Zn & 1.13 % Cu from 234.0m-363.0m
  • Hole #B-434 – 99.60m of 5.78% Zn & 1.27% Cu from 294.4m-394.0m

The objective of this program was to infill drill the inferred resource portion of the Bisha Main deposit to convert those resources to an indicated resource category. The results were positive, and have confirmed the grade and continuity of the Bisha primary zone below the current pit shell design. The resulting resource and reserve restatement is expected in Q1 2012.

Cliff Davis, CEO commented, "Bisha is a world class VMS deposit that we see evolving into a world class VMS mining camp. The high-grade zinc and copper intercepts released today are part of an ongoing program to grow organically through drilling known mineralization in and around the Bisha operation."

The 16,000m of drilling took place May through July 2011. Detailed results are in the attached schedule together with a map of the hole locations.

To view the image associated with this press release, click on the following link: http://media3.marketwire.com/docs/n1.pdf

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Azimuth Dip
B-422 170.00 207.50 37.50 0.93 66.39 0.79 0.47 10.20 90 -68
Incl. 179.50 203.00 23.50 0.27 42.00 0.43 0.38 14.10
B-423 188.00 235.00 47.00 1.01 81.91 1.47 0.43 10.80 90 -74
Incl. 191.00 197.00 6.00 0.71 129.00 0.89 0.86 17.15
and 200.00 203.50 3.50 0.92 99.14 0.40 0.71 22.09
and 208.00 215.50 7.50 1.07 103.60 0.53 1.11 27.86
B-425 234.00 363.00 129.00 0.24 17.31 0.36 0.08 5.85 90 -65
Incl. 246.00 249.00 3.00 0.64 93.00 1.01 0.71 16.55
and 262.95 268.50 5.55 0.91 93.92 0.83 0.82 19.38
and 319.50 343.50 24.00 0.84 54.94 0.67 0.44 17.61
B-426 351.10 386.50 35.40 0.49 22.06 0.42 0.15 3.69 90 -65
Incl. 376.00 384.35 8.35 0.67 44.94 0.70 0.45 8.90
B-427 225.70 329.50 103.80 0.60 47.34 1.13 0.19 4.98 90 -60
Incl. 225.70 254.50 28.80 0.85 97.64 1.63 0.58 12.47
and 320.50 329.50 9.00 0.56 35.67 0.98 0.04 7.85
B-428 350.20 428.50 78.30 0.69 43.20 0.44 0.28 5.69 90 -72
Incl. 407.50 422.50 15.00 1.02 115.80 0.60 0.87 17.69
B-429 342.00 399.00 57.00 0.62 43.43 0.47 0.39 6.77 90 -66
Incl. 381.00 391.50 10.50 0.62 90.86 0.69 1.03 21.13
B-430 302.80 374.50 71.70 0.64 67.61 0.88 0.68 12.44 90 -60
Incl. 319.00 362.50 43.50 0.80 97.03 1.06 1.05 18.21
B-431 254.50 334.00 79.50 0.87 63.58 1.45 0.28 8.68 90 -55
Incl. 266.30 272.50 6.20 0.75 71.85 0.98 0.57 16.70
and 289.00 298.00 9.00 1.04 79.67 0.92 1.02 21.73
and 311.50 319.00 7.50 1.07 62.60 0.61 0.15 13.37
B-432 274.00 355.00 81.00 0.68 62.63 0.81 0.54 12.25 90 -82
Incl. 309.80 325.00 15.20 0.65 71.11 0.62 0.95 20.47
and 329.60 347.50 17.90 0.79 48.42 0.73 0.37 15.65
B-433 268.00 356.50 88.50 0.69 59.87 0.76 0.66 11.84 90 -67
Incl. 297.88 304.00 6.12 0.84 121.89 1.54 0.88 17.31
and 308.50 352.00 43.50 0.91 69.97 0.70 0.98 18.37
B-434 294.40 394.00 99.60 0.87 57.78 1.27 0.29 5.78 90 -72
Incl. 334.50 341.35 6.85 0.52 109.36 0.91 1.21 22.12
and 346.10 355.50 9.40 0.81 101.27 0.83 0.81 23.25
B-435 323.50 349.00 25.50 0.72 37.35 0.42 0.26 5.87 90 -65
Incl. 340.00 347.50 7.50 1.09 81.80 0.70 0.66 15.32
B-436 280.00 301.00 21.00 0.94 22.00 0.93 0.03 0.62 90 -60
B-437 309.90 392.50 82.60 0.64 35.36 1.08 0.18 3.22 90 -60
Incl. 326.50 338.50 12.00 0.50 77.32 0.81 0.91 13.98
and 386.50 389.50 3.00 0.63 33.50 1.04 0.20 10.51
B-438 338.50 359.50 21.00 0.55 52.14 0.43 0.72 11.98 90 -75
Incl. 344.50 358.00 13.50 0.65 72.11 0.53 1.07 17.14
B-439 300.50 321.50 21.00 0.73 31.14 0.43 0.13 4.27 90 -65
Incl. 315.50 320.00 4.50 0.91 62.33 0.59 0.46 14.05
B-440 374.50 383.50 9.00 0.65 32.83 0.39 0.17 5.60 90 -67
Incl. 377.50 379.00 1.50 0.46 57.00 0.46 0.45 16.55
and 380.50 382.00 1.50 0.76 66.00 0.55 0.36 11.50
B-441 52.50 74.00 21.50 0.68 20.33 0.85 0.12 1.78 90 -60
And 189.50 215.00 25.50 0.49 34.82 0.75 0.28 6.59
Incl. 201.50 210.50 9.00 0.75 64.00 0.84 0.73 15.19
B-442 55.00 77.25 22.25 0.90 21.35 0.49 0.13 2.23 90 -68
And 218.20 242.50 24.30 0.38 22.42 0.51 0.14 4.10
Incl. 233.50 239.50 6.00 0.81 47.50 0.75 0.42 11.06
B-443 50.50 85.45 34.95 1.05 20.17 0.48 0.12 1.90 90 -75
And 243.40 261.00 17.60 0.47 25.61 0.48 0.15 3.96
Incl. 255.00 259.50 4.50 0.82 47.00 0.67 0.42 10.30
B-444 264.00 283.50 19.50 0.53 46.77 0.80 0.49 12.01 90 -50
Incl. 271.50 282.00 10.50 0.72 68.86 0.73 0.90 21.46
B-445 263.50 277.00 13.50 0.58 48.33 0.54 0.68 14.36 90 -55
Incl. 268.00 275.50 7.50 0.69 71.20 0.67 1.10 21.71
B-446 235.50 262.50 27.00 0.59 33.98 0.64 0.23 5.80 90 -60
Incl. 246.25 252.00 5.75 0.78 66.39 0.71 0.85 18.62
B-447 264.50 285.50 21.00 0.35 31.50 0.52 0.26 7.44 90 -67
Incl. 276.50 284.00 7.50 0.59 61.80 0.59 0.67 18.32
B-448 293.00 312.00 19.00 0.71 42.79 1.01 0.32 7.55 90 -50
Incl. 300.00 306.00 6.00 0.86 68.50 0.92 0.83 17.09
B-449 347.00 350.00 3.00 0.69 37.50 1.06 0.21 6.00 90 -65
B-450 333.00 349.50 16.50 0.50 32.64 0.81 0.23 4.81 90 -50
Incl. 337.50 343.50 6.00 0.77 50.25 0.63 0.55 12.28
B-451 358.50 361.50 3.00 0.80 37.50 0.90 0.24 7.09 90 -56
B-452 415.00 425.50 10.50 0.45 23.14 0.27 0.22 5.04 90 -67
Incl. 422.50 425.50 3.00 0.60 55.00 0.42 0.65 14.98
And 437.50 439.00 1.50 0.54 45.00 0.56 0.17 4.24
B-453 393.00 403.50 10.50 0.68 66.00 0.76 0.64 14.48 90 -60
Incl. 397.50 402.00 4.50 0.63 81.67 0.30 0.97 21.02
B-454 270.00 291.00 21.00 0.56 36.21 0.86 0.20 4.52 90 -60
Incl. 283.50 288.00 4.50 0.63 64.33 0.89 0.69 14.87
B-455 444.00 484.50 40.50 0.97 43.93 0.44 0.35 6.67 90 -65
Incl. 468.00 478.50 10.50 0.73 86.57 0.56 0.96 18.22
And 499.50 508.50 9.00 1.14 31.83 2.66 0.01 1.07
B-456 366.50 401.00 34.50 0.47 47.26 0.52 0.43 7.48 90 -65
Incl. 381.50 395.00 13.50 0.41 79.89 0.56 0.94 14.19
B-457 394.50 407.30 12.80 0.76 24.26 0.24 0.14 2.70 90 -65
And 421.40 451.50 30.10 0.67 41.27 0.46 0.35 6.41
Incl. 441.00 448.50 7.50 0.70 59.80 0.75 0.58 14.96
B-458 235.00 356.50 121.50 0.56 34.95 0.81 0.19 5.10 90 -60
Incl. 241.00 269.50 28.50 0.70 81.24 0.99 0.64 15.50
and 347.50 355.00 7.50 0.52 36.40 0.54 0.38 15.36
B-459 308.50 403.15 94.65 0.62 52.32 0.84 0.41 8.29 90 -60
Incl. 338.50 400.00 61.50 0.68 64.65 1.05 0.50 11.34
B-460 332.85 369.00 36.15 0.82 42.19 0.46 0.27 6.33 90 -65
Incl. 354.00 367.50 13.50 1.29 81.78 0.59 0.59 13.15
B-461 275.10 361.00 85.90 0.61 61.91 0.86 0.49 10.71 90 -62
Incl. 309.65 353.50 43.85 0.83 77.81 1.12 0.61 14.90
B-462 307.00 383.50 76.50 0.72 42.82 0.55 0.29 6.16 90 -72
Incl. 358.00 376.00 18.00 0.79 92.08 0.74 0.83 18.00

Note. True thickness is estimated at approximately 85% of the drill intervals reported in the table.

Hole B-424 showed no significant mineralization.

Darin Wasylik, Senior Geologist for Nevsun, a qualified person under National Instrument 43-101, supervised and directed all work associated with the drilling program.

Sample preparation and analysis were conducted at ALS Chemex of Vancouver, Canada.

Forward Looking Statements: The above contains statements regarding positive drill results, and indications that the Bisha resources are likely more extensive than previously disclosed. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible" and similar expressions, or statements that events, conditions or results "will," "may," "could" or "should" occur or be achieved. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those described in the Management Discussion and Analysis of the Company. The Company's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and the Company assumes no obligation to update such forward-looking statements in the future. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

NEVSUN RESOURCES LTD.

Cliff T. Davis, President & Chief Executive Officer

To view the map associated with this press release, please click on the following link: http://media3.marketwire.com/docs/n2.pdf

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