Orsu Metals drills 198 m of 1.83 g/t Au at Talas
Orsu Metals Corp (C:OSU)
Shares Issued 456,959,226
Last Close 11/17/2009 $0.09
Wednesday November 18 2009 - News Release
Mr. Alexander Yakubchuk reports
ORSU PROVIDES UPDATE ON MINERAL EXPLORATION PROJECTS
Orsu Metals Corp. has released an update of the continuing exploration work at the Talas exploration licence area in northwestern Kyrgyzstan.
The Talas exploration licence area comprises the Taldybulak-Talas, Barkol, Kentash and Korgontash tenements. As of 30 October 2009, Gold Fields Limited through its subsidiary Gold Fields Orogen Holding (BVI) Limited ("Gold Fields") has completed 22,013m of drilling since the commencement of the JV programme with Orsu. The majority of drilling completed to date has been infill drilling within the area of known mineralization. Drilling for the 2009 season has now been completed for all of the Talas licences. The most recent results are shown in Table 1 below. Results from several drill holes are still pending and Orsu expects to receive all assays by the end of November 2009.
SIGNIFICANT MINERAL INTERSECTIONS RECEIVED FROM THE 2009 TALDYBULAK INFILL DRILL PROGRAM
Hole ID From (m) To (m) Length (m) Au (g/t) Cu (%)
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TB0040 128.0 166.0 38.0 0.76 0.36
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TB0040 186.0 274.0 88.0 1.51 0.20
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TB0040 308.0 506.0 198.0 1.83 0.26
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TB0062 502.0 652.0 150.0 0.73 0.23
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TB0062 678.0 784.0 106.0 0.84 0.10
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TB0068 32.0 150.0 118.0 1.45 0.27
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TB0068 188.0 214.0 26.0 0.69 0.03
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TB0068 254.0 460.0 206.0 1.05 0.17
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TB0069 430.0 598.0 168.0 0.97 0.22
All drill results were composited at a 0.3g/t cut-off, and reported intervals are not true thickness which has yet to be confirmed. All drill holes were collared within the boundary of the previously delineated resource outline (see May 2008 NI43-101 Technical Report filed on SEDAR. TB0062 and TB0069 have extended the known mineralisation at depth.)
Gold Fields has initiated a reinterpretation of the geology and identified mineralization. Upon completion of the updated geological model an updated resource calculation will be produced in accordance with National Instrument 43-101. The updated calculation is expected to be completed by end of Q1 2010.
