Orsu Metals (TSXV: OSU; US-OTC: ORSYF) has connected its Klyuchi West and Kozie gold targets into a 250-metre wide gold mineralized stockwork that extends for 750 metres at its Sergeevskoe gold project in Russia.
The company connected the two zones with results from its extended 2018 drilling and trenching campaign. Orsu identified a low resistivity anomaly between the two zones during PD-IP electric surveying it conducted in 2017. It was never previously drilled or trenched.
Highlights include 6.86 grams gold and 2.18 grams silver over 17.5 metres from 104 metres in trench 32 and 2.18 grams gold and 2.16 grams silver over 6 metres from 14 metres downhole in hole 58.
Orsu drilled more than 13,400 metres in 62 holes and trenched more than 1,500 metres in 14 trenches at Sergeevskoe in 2018. Combined with its 2017 exploration campaign, the company has drilled more than 17,100 metres in 82 holes and trenched more than 5,200 metres in 44 trenches across the project. It intends to table a maiden resource for Sergeevskoe by the end of the year based on those results.
The project lies east of the Zapadnaya Gold Mining’s Alexandrovskoe gold open pit and Sun Gold Mining’s Klyuchevskoe gold project. According to the company, Klyuchevskoe has historically produced over 1.3 million oz. gold.
Shares of Orsu are currently trading at 34¢ with a 52-week range of 14¢ to 34¢. The company has a $12 million market capitalization.