RE:RE:RE:RE:RE:What about exploration?Hi LaurelHardy,
The folllowing is their exploration plan duering their January 31 NR.
tiger
Exploration
The Company is investing $5 million in exploration for the Upper and Lower Zone projects during 2018. This budget includes drilling approximately 12,500 metres of Upper Zone exploration. Drilling will target new high grade, high sulphidation mineralization near the Timok Upper Zone, building on the promising exploration results announced in January 2018.
For the Timok Lower Zone porphyry exploration, the $20 million agreed work program with Freeport-McMoRan Exploration Corporation ("Freeport") will be completed in 2018 with the final $1 million of this program 100% funded by Nevsun. Freeport, the joint venture partner on the Lower Zone, continues to work with the Company to design and execute the next phase of the Lower Zone work program which would be funded pro-rata by the partners.
The Company will drill approximately 16,000 metres at its 100% owned exploration projects in Serbia and Macedoniaat a cost of $4 million. The exploration costs at Tilva in Serbia are predominantly funded by Rio Tinto as part of their earn-in.
In 2018 a budget of $7 million for 15,000 metres of exploration drilling is planned at Bisha. Work is targeting new shallow near-mine copper, gold and silver discoveries, and the work programs will include diamond drilling, ongoing surface and borehole geophysics, and target generation.
LaurelHardy1 wrote: 12ground - I know of that discovery. What I'm trying to define is any ongoing drilling outside the current resource and if so, how much is being devoted to that and are they currently drilling?