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Orsu Metals Sees Sellable Mineralization At Tallas Project

Wed, 21st Jul 2010 17:53

LONDON (Dow Jones)--Orsu Metals Corporation (OSU.LN) said Wednesday that the results of the metallurgical tests on the Tallas project indicate that a potentially sellable copper-gold- molybdenum concentrate grading 19%Cu, 1.30% Mo and 102g/t Au with respective recoveries of 88%, 89% and 85% can be produced from the Taldybulak sulphide ore material. MAIN FACTS: -Additional optimization work on leaching of the floatation tailings fraction and floatation of oxidized material is planned for the third and fourth quarter of 2010. -Orsu conducted metallurgical testwork at the Stewart Assayers Laboratory (which is independent of Orsu) in Kyrgyzstan. -Two samples, representing the Northern (TH-1; 344.5 kg) and Southern (TH-2; 333.3 kg) mineralized areas of the Tokhtazan deposit were analyzed using the cyanide bottle roll leaching and percolation column tests. -The average grade of -1 was 2.35 g/t Au, whereas the average grade of -2 was 3.17 g/t Au. -Samples were made up of primarily oxidized material collected from drill road cuts at surface. -The Company believes that these results confirm principal amenability of the Tokhtazan ores to heap leaching extraction of gold. -Shares closed Wednesday at 10.5 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 21, 2010 12:53 ET (16:53 GMT)
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21 Jul 2010 17:43

PRESS RELEASE: Orsu Provides Update on Mineral Exploration Projects in Kyrgyzstan

LONDON, UNITED KINGDOM--(Marketwire - July 21, 2010) - Orsu Metals Corporation (TSX:OSU)(AIM:OSU) ("Orsu", or the "Company") provides an update of on-going work at the Talas and Tokhtazan exploration licence areas of north west Kyrgyzstan. Talas Update A metallurgical study was conducted a

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30 Jun 2010 12:34

PRESS RELEASE: Orsu Metals Corporation: 2010 Annual Shareholders Meeting

LONDON, UNITED KINGDOM--(Marketwire - June 30, 2010) - The directors of Orsu Metals Corporation (TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, are pleased to announce that shareholders approved all resolutions at the annual meeting of shareholders

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25 Mar 2010 12:33

Small caps round-up: Ceres Power, Empyrean, Fortune Oil...

Ceres Power's interim loss grew to £5.9m from £3.3m a year earlier as revenue slumped 39%, blamed on the £2m Alpha milestone completion payment from British Gas last June being recognised as revenue when earned, based on costs incurred over the Beta and Gamma phases. Brian Count, chairman of the UK

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27 Nov 2009 14:04

Small caps round-up: Allocate, Omega Diagnostics, Forum...

Workforce optimisation software company Allocate Software is to acquire Time Care, a Swedish rival focused on the healthcare markets, for around £8.7m. The acquisition is expected to be 'significantly earnings enhancing' in the first full year of ownership. The company intends to fund the acquisiti

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15 Jun 2009 07:59

Orsu Metals sells Varvarinskoye to Polymetal

Orsu Metals Corporation has agreed to sell its Varvarinskoye Gold-Copper Project in Kazakhstan to OJSC Polymetal for up to $235m. The consideration comprises of $8m in cash, plus a deferred consideration of up to a maximum of $12m in cash, contingent on and calculable by reference to the future pr

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