Orsu Metals Recommences Exploration At Talas Project

Orsu Metals Corporation (OSU.LN), the London-based base and precious metals development and exploration company, Friday said it together with joint venture partner, Gold Fields Limited (GFI.JO), has recommenced field exploration work at Talas Project located in the Kyrgyz Republic.

MAIN FACTS:

-Gold Fields and Orsu have agreed on a 6,000 meter drilling program for the Taldybulak deposit aimed at providing additional infill drilling data for the existing Taldybulak mineral resource model and testing priority targets at deeper extensions and in the immediate vicinity of Taldybulak.

-Drilling program is expected to be completed during the 2012 summer season ahead of any decision regarding a potential pre-feasibility study.

-Gold Fields, through its subsidiary Gold Fields Orogen Holdings BVI Limited, has a 60% interest in the Talas joint venture company, whilst Orsu retains a 40% interest in the Talas joint venture company.

-Gold Fields is the project manager.

-Shares of Orsu Metals at 1039 GMT up 5% at 7.9 pence.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

Orsu Metals (CE) (USOTC:ORSUF)
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