Exploration work by Orsu Metals Corporation (CVE:OSU) has made something of a breakthrough in terms of understanding a key area of its Sergeevskoe Gold Project in Russia.
The company published assay results from an extended 2018 drill program that confirms the Klyuchi West and Kozie areas are part of a 250-metre wide stockwork, extending 750 metres. A stockwork is simply a mesh of mineralized veins.
The drill core from the program, meanwhile, delivered some robust gold grades.
The best interval returned 17.5 metres at 6.86 grams per tonne (g/t) of gold from 104 metres. Within that was a 1.8-metre section at 35.15 grams and 1.2 metres at 20.8 grams.
“While Kozie was known before, Klyuchi West is a brand-new discovery by Orsu,” said chairman Dr. Sergey Kurzin.
“Now the exploration team has been able to demonstrate that both occurrences form a single system.”
The Sergeevskoe license covers an area of 7.6-square kilometres and is located 40 kilometres to the southwest of the town of Mogocha, in the Zabaikal’skiy Region of the Russian Federation.
It sits west of the Klyuchevskoe gold deposit, which is owned by Sun Gold, which has historically produced over 1.3mln ounces of gold from an open pit.