Orsu Metals Corporation (TSX-V: OSU) (“Orsu” or the “Company”) is delighted to announce that at the 14th Russian Mining and Exploration forum Minex Russia 2018 that took place in Moscow on the 2-4th October 2018, the Sergeevskoe gold project presented by Orsu won a Gold Prize at the MineVenture competition for the best mining investment projects.
The objective of the MineVenture competition was to provide a platform for independent evaluation of early stage and developing mining projects and to discuss opportunities for their accelerated implementation. Participation in the competition is to receive the recommendations from leading experts, attract potential partners or buyers, promote the projects to the forum’s international audience.
The 1st Mining Projects Accelerator competition was judged by a jury that included top management of the leading Russian gold mining companies and the industry bodies. Alexander Yakubchuk presented Orsu’s Sergeevskoe gold project and took the top prize and received excellent advice from the experts.
About Orsu Metals
Orsu owns 90 percent of the Sergeevskoe gold exploration project in Russia’s Transbaikalian Region. The property is leased from the Russian Government until 2031 when it can be extended for an additional 10 years when the mine starts producing. The Sergeevskoe license area is comprised of 7.6 square kilometers and has excellent access to the infrastructure needed to develop the property. The licensed area is in proximity to the Trans-Siberian railway and the Chita-Khabarovsk motorway. The Russian government has also installed various cell towers along the highway and access to water and power is not an issue.
The Sergeevskoe property sits between SUN Gold Ltd.’s Klyuchevskoe past producing gold mine and the producing Aleksandrovskoe gold mine owned by Zapadnaya Gold Mining Limited. The two mines have reported resources over 5.5 million ounces and 2.2 million ounces gold, respectively.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information, please contact:
Alexander Yakubchuk, Director of Exploration, Orsu Metals Corporation
Doris Meyer, Corporate Secretary, Orsu Metals Corporation
Tel: +1-604-536-2711 ext 6