Nevsun Resources Ltd. (TSX: NSU) (NYSE MKT: NSU) (“Nevsun” or the “Company”) is pleased to provide an update on the high-grade Timok Upper Zone (“Timok UZ”) project in Serbia.
As quoted in the press release:
“We are very satisfied with how the Timok UZ project is coming together. With over 336 Serbian nationals on staff or on contract, the team is executing the pre-feasibility study (“PFS”) and further advancing the project as we remain on track to deliver the PFS in September and break ground on an exploration decline in Q4,” commented Cliff Davis, Nevsun CEO. Mr. Davis further commented, “Due to our strong cash position and Bisha cash flow, we are embarking on a regional exploration program targeting more high-grade Upper Zone type mineralization. The licence area remains under-explored, even adjacent to the Timok UZ resource, and a new discovery of an additional upper zone would be game changing.”