GLOBAL SEARCH FOR GOLD — Nevsun locates new zones at Kubi

Nevsun Resources (NSU-T) has reported initial trenching results from its 90%-owned Kubi project in Ghana.

The trenching was designed to assess the oxide potential of several mineralized zones that exist along 7.5 km of strike length within the Kubi concession. To date, initial results have been received from two zones — Kubi South, 1,600 metres along strike to the south, and Kubi Main.

Results from the Kubi Main zone include:

* 59.5 metres of 3.11 grams gold per tonne (including 18 metres of 9.31 grams) in trench 1;

* 51 metres of 1.6 grams in trench 2;

* 13.5 metres of 0.57 gram in trench 3;

* 9 metres of 6.87 grams in trench 4; and

* 37.5 metres of 0.4 gram (including 7.5 metres of 1.05 grams) in trench 5.

In the Kubi South zone, trench A returned 4.5 metres of 3.82 grams gold, while trench B returned 3 metres of 12.9 grams.

Based on these results, Nevsun management believes there is good potential for delineating significant oxide resources at the Kubi project. To test the oxide potential of the Kubi project, Nevsun will carry out a 15,000-metre program of reverse-circulation drilling.

Meanwhile, at the Gemap property in central Ghana, several target areas anomalous in gold have been defined, one of which is related to a granitic intrusive. Soil sampling, geophysical surveys, geological mapping and trenching are planned for the remainder of the year, and drilling is expected to commence in early 1998. Nevsun holds an option to earn a 75% interest in the Gemap property.