Nevsun
Resources Ltd. (TSX: NSU)(AMEX: NSU) ("Nevsun") reports that an incident occurred at the Bisha site on 7th March where a project contractor's Land
Cruiser was damaged by ground ordnance, probably a land mine. The driver suffered minor injuries. The Company received immediate support from the local
area and national government authorities to provide investigative services to
ascertain the cause of the incident. The Company has now been informed that the
government has swept the particular area for hazards.
Based on
all information available, it has been tentatively concluded that the ordnance
was a remnant from the liberation war (concluded in 1992).
The work in
progress at the time was excavation of test pits as part of a geotechnical
evaluation for the processing plant for the Bisha project, an area that to date
has had limited need for access. Work has been stopped in the immediate vicinity
of the incident while investigations are carried out. The Company will issue a
fuller report after conclusive investigations have been completed.
The Company
does not expect this incident to impact on the construction timing for the Bisha
Mine. The longest lead delivery items and hence the critical path limitation for
the development of the Bisha Mine are the grinding mills, which have been
ordered (Nevsun press release dated 3rd March, 2008).
Forward Looking Statements: The above
contains forward-looking statements concerning the Bisha Project, anticipated
development, timing, government support and other events or conditions that may
occur in the future. Forward-looking statements are frequently, but not always,
identified by words such as "expects", "anticipates", "believes", "intends",
"estimates", "potential", "possible" and similar expressions, or statements that
events, conditions or results "will", "may", "could" or "should" occur or be
achieved. Forward-looking statements are statements about the future and are
inherently uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in the
forward-looking statements due to a variety of risks, uncertainties and other
factors. The Company's forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements are made and
the Company assumes no obligation to update such forward-looking statements in
the future. For the reasons set forth above, investors should not place undue
reliance on forward-looking statements.
NEVSUN
RESOURCES LTD.
Dr. John A.
Clarke, President & Chief Executive Officer
Contacts:
Nevsun Resources Ltd.
Judy
Baker
(416) 786-7860
Nevsun Resources Ltd.
(604) 623-4700 or
1-888-600-2200
Email: nevsuninfo@nevsun.com