Chalice Gold Mines developing a high-grade gold mine in Eritrea

Eritrean Gold

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VANCOUVER, BC – Nevsun Resources Ltd. (TSX:NSU)(NYSE MKT:NSU)


Maintain top quartile safety performance at Bisha operations
Execute on social and environmental commitments
Complete successful transition to copper production in mid-2013
Deliver copper expansion on budget
H1 2013 – Produce 80,000 to 90,000 ounces of gold
H2 2013 – Produce 60 to 80 million pounds of copper (for 2014 see below)
Obtain expanded exploration rights and commence generative exploration
Publish resource estimate for Northwest Zone and drill Hambok deposit
Continue paying peer leading dividends

Nevsun Resources Ltd. today announces its 2013 outlook for planned gold and copper production from the Bisha mine in Eritrea. The Bisha mine, operated by Nevsun’s 60 percent owned subsidiary Bisha Share Mining Company (BMSC), is one of the highest grade open pit base metal deposits in the world and has a mine life in excess of 12 years.

Cliff Davis, Nevsun CEO commented, “Following a very successful 2012, Nevsun looks forward to starting up a world class copper concentrate production operation and continued expansion of its resources portfolio through generative exploration programs. Nevsun will also continue to actively evaluate potential acquisition opportunities.”
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