AUSTRALIA
EXG.AX
0,04 AU$
0,00%
Nubian Expands Excelsior Springs and Palmetto
Publié le 09 octobre 2013
|
|
|
 |
|
PRESS RELEASE 13-06
Nubian Expands Excelsior Springs and Palmetto
October 9th, 2013 - Nubian Resources Ltd. (NBR:TSX.V) (the "Company") is pleased to announce that it has entered into an agreement with Global Geoscience Ltd., to include Global's 60 claims at Excelsior Springs project which are outside of Nubian's area into Nubian's claim block. The total number of claims now held at Excelsior is 245 covering a total area of 4,900 acres (1,983 hectares).
The current option agreement with Global will be extended until 31st December 2015. Up to date a total of 10,767 m of drilling has been done at Excelsior (5,638m by Global) having identified numerous targets outside the Buster zone and extending into these additional claims. A continuation of the geophysics programme has been completed and has identified additional targets within this claim area. Further drilling is expected to continue in Spring 2014.
Global has an option to earn an interest of 70% in Excelsior by spending a total of USD $3 Million in exploration until 31st December 2015.
Furthermore Nubian is pleased to announce, that it has increased its claims at its Palmetto tenements by a further 7 claims bringing the total to 9 claims covering 180 acres (73 hectares).
|
|
"Larry Treadgold"
Larry Treadgold
CEO Nubian Resources Ltd.
Office: (604) 859-3007
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.
| | |
| |