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Cours Or & Argent

Excelsior Gold Ltd.

Publié le 28 mars 2011

Nubian to Option Excelsior Springs Property

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 Please udate your records to reflect the changes to our contact information:  Symbol:  TSX-V:NBR      Web Page:  www.nubianr.com  Graham Chisholm www.graham@nubianr.com   Jeannette Durand www.jeannette@nubianr.com  

 

PRESS RELEASE 11-03

 

Nubian to Option Excelsior Springs Property

 

March 28, 2011 - Abbotsford, British Columbia, Canada - Nubian Resources Ltd (NBR:TSX.V) is pleased to announce that it has signed a definitive agreement with Paradigm Minerals USA Corporation, a wholly owned subsidiary company of Global Geoscience Ltd, a public company listed on the Australian Securities Exchange (ASX: GSC), for the option to earn a 70% interest in the Excelsior Springs Gold property in Esmeralda County, Nevada. Nubian presently has a 100% lease on the property.

 

1)     To earn a 70% interest Paradigm will be required to pay Nubian $100,000 USD cash and spend $3 Million USD on exploration over four years. Paradigm will solely fund and manage all exploration and property related costs on the property during the option phase.

 

The minimum exploration expenditure commitment required in the first year is $150,000 USD and assuming results are satisfactory an additional amount of $350,000 USD must be spent on exploration by July 31, 2012 a further $500,000 USD by December 31, 2013 and a further $2 Million USD by December 31, 2014 to earn a 70% interest in the property.  Nubian to receive $50,000 USD upon signing and a further $50,000 USD once Paradigm exercises its option interest in the property.

 

About the Excelsior Springs Property

 

The Excelsior Springs Gold Prospect, including the Buster Mine, is located in west-central Esmeralda County, Nevada approximately 50 miles WSW of the Goldfield District which has a past production of +10 Million ounces gold, The Tonopah District, with a past production of 2 Million ounces gold and 100 Million ounces silver, lies approximately 65 miles to the northeast. 

The property lies within the Walker Lane, a zone of regional-scale, northwest-trending, strike-slip faulting, which hosts a significant number of precious metal deposits. The Buster mine, the main past producing mine located on the patented claims, has past production estimated at 18,000 tons at 1.2 opt gold.  The workings are still accessible through the Buster Shaft which is 235 ft. deep.   

In the past, a number of exploration companies have conducted drilling programs on the property, and the results have begun to define an extensive zone of gold mineralization. Drilling around the Buster and Upper shafts has outlined the Buster mineralized zone approximately 1,000 feet-long and 200 feet-wide.

 The NI 43-101 report on Excelsior concludes that "based on the results of previous drilling programs, the Excelsior Springs property should be considered an advanced-stage exploration project having significant potential to host one or more open-pittable gold deposits."

Ken Brook, B.Sc, M.Sc, RPG. a qualified person (QP) as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release..

 

Signed "Graham Chisholm"

 

Graham Chisholm

President & CEO

For further information please contact:

Graham Chisholm   graham@nubianr.com      Office: (604) 859-3007; Cell: (604) 302-0746

Jeannette Durand    jeannette@nubianr.com   

Web Page:              www.nubianr.com

 This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

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Nubian Resources Ltd. | #202 Yale Court Plaza | 2526 Yale Court Rd | Abbotsford | British Columbia | V2S 8G9 | Canada
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Excelsior Gold Ltd.

EN DÉVELOPPEMENT
CODE : EXG.AX
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Excelsior est une société d’exploration minière d'or basée en Australie.

Son principal projet en développement est KALGOORLIE NORTH en Australie et ses principaux projets en exploration sont CLEO, MUNADGEE CREEK, NATIVE GAP et GAYLAD CREEK en Australie.

Excelsior est cotée en Australie. Sa capitalisation boursière aujourd'hui est 32,0 millions AU$ (19,8 millions US$, 16,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 décembre 2012 à 0,26 AU$, et son plus bas niveau récent le 28 octobre 2016 à 0,02 AU$.

Excelsior possède 801 140 032 actions en circulation.

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Dans les médias de Excelsior Gold Ltd.
02/02/2019Excelsior updates progress at Gunnison in situ project
01/12/2018Excelsior closes $75M deal for Arizona copper project
01/11/2018Excelsior signs $75m financing for Gunnison in Arizona
15/06/2017Excelsior adds key permit to Arizona in-situ copper mine
Financements de Excelsior Gold Ltd.
20/02/2011Increases Financing to $8 Million
Projets de Excelsior Gold Ltd.
29/03/2012Commences its 2012 Drilling Program at Gunnison
06/09/2011Hydrology Tests Confirms Suitable Conditions for In-Situ Rec...
14/07/2011Drilling to Commence at the Excelsior Gold Project in Nevada
19/05/2011Completes Resource Upgrade Drill Program
28/03/2011Nubian to Option Excelsior Springs Property
Communiqués de Presse de Excelsior Gold Ltd.
27/07/2016Quarterly Report - June 2016 and Appendix B
11/07/2016Market Update - Excelsior Gold Financing
20/06/2016Cornerstone Position In Excelsior Gold
05/01/2015Final Share Buy-Back Notice - Appendix 3F
05/01/2015Form 484 - Cancellation of Shares
05/01/2015Appendix 3B
12/12/2014Kalgoorlie North Drilling Update No 3
28/11/2014Results of Annual General Meeting
14/11/2014Change of Director's Interest Notice
12/11/2014Kalgoorlie North Drilling Update No 1
09/10/2013Nubian Expands Excelsior Springs and Palmetto
20/02/2013Nubian Announces Progress at Excelsior and Repricing of Exis...
06/02/2013Mining Corp. Featured by Peter Grandich
10/10/2012Comments on Recent Permitting in Arizona
18/09/2012Grants Incentive Stock Options
17/05/2012CONTINUES TO ADVANCE TOWARDS PRE=2DFEASIBILITY STUDY AT GUNN...
22/03/2012Mining Corp. Featured by Peter Grandich
14/02/2012Euro Pacific Canada Inc. Initiates Coverage of Excelsior Min...
31/05/2011Mining Corp. featured by Peter Grandich
26/05/2011Mining Corp. featured by Euro Pacific Canada Inc.
10/02/2011Mining Corp Featured in Metals News
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