Le Lézard
Classified in: Mining industry
Subject: PER

Frazer Bourchier Steps Down as Nevsun Chief Operating Officer


VANCOUVER, Sept. 22, 2017 /PRNewswire/ - Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) ("Nevsun" or the "Company") today announced that Chief Operating Officer, Frazer Bourchier, will step down from the Company to pursue a position with a  gold  company  based  in  Toronto.  Mr. Bourchier continues with the Company until December 31, 2017.  Nevsun has a de-centralized model with strong Eritrean and Serbian teams who will manage the business during a successor search.  As part of his transition through December 31, 2017, Mr. Bourchier will work closely with Nevsun management to transition key relationships in Eritrea and Serbia.

"Frazer has been a valued member of the Nevsun team and we wish him all the best in his future endeavours," said Peter Kukielski, Nevsun's President and Chief Executive Officer, "We have commenced a search for Frazer's successor, and remain focused on delivering the Timok PEA in October and the PFS in Q1 of 2017."

About Nevsun Resources Ltd.

Nevsun Resources Ltd. is the 100% owner of the high-grade copper-gold Timok Upper Zone and 60% owner of the Timok Lower Zone in Serbia. Nevsun generates cashflow from its 60% owned copper-zinc Bisha Mine in Eritrea. Nevsun is well positioned with a strong debt-free balance sheet to grow shareholder value through advancing Timok to production.

NEVSUN RESOURCES LTD.

"Peter G.J. Kukielski"

Peter G.J. Kukielski
President & Chief Executive Officer

SOURCE Nevsun Resources Ltd.


These press releases may also interest you

at 08:00
Puma Exploration Inc. (the "Company" or "Puma") has launched a high-resolution magnetic survey at its 100%-owned Williams Brook property (Figure 1) in Northern New Brunswick. The drone survey will be flown over 6 km of the Lynx Gold Trend and a...

at 08:00
Outback Goldfields Corp. (the "Company" or "Outback") is pleased to announce a non-brokered private placement for minimum gross proceeds of $5,000,000 (the "Offering"). The Offering is being completed in conjunction with the Company's previously...

at 08:00
Buyer Group International, Inc. is delighted to inform you that they have signed an official agreement with Dr. Michael Curran in order to make necessary preparations for an anticipated season of significant advancements at Project Shambhala. The...

at 07:55
Orogen Royalties Inc. ("Orogen" or the "Company") announces Altius Minerals Corporation ("Altius") has increased its ownership in Orogen.Altius Resources Inc., a wholly owned subsidiary of Altius, has acquired 7,115,545...

at 07:32
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure. This additional capacity will be provided by a major Bitcoin...

at 07:15
In accordance with Section 203.01 of the NYSE Listed Company Manual, AngloGold Ashanti plc ("AngloGold Ashanti", "AGA" or the "Company") announces that it has today, Thursday, 25 April 2024, filed with the U.S. Securities and Exchange Commission (the...



News published on and distributed by: