Business
Drilling to Commence at the Excelsior Gold Project in Nevada
Jul. 14, 2011 (Canada NewsWire Group) -- ABBOTSFORD, BC, July 14, 2011 /CNW/ - Nubian Resourc...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n Jul. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nABBOTSFORD, BC, July 14, 2011 /CNW/ - Nubian Resources Ltd ("Nubian")\n (NBR: TSX.V) reports that drilling will commence at the Excelsior gold\n project in Nevada next week. Nubian holds a 100% lease of the property\n and has an option agreement to allow Global Geoscience Ltd ("Global")\n to earn a 70% interest in the Excelsior project by spending $3 million\n on exploration over four years and by making cash payments totalling\n USD $100,000.\n\n\nGlobal plans to drill about 2000m of RC (Reverse Circulation) to\n follow-up a number of significant drill intersections and to test\n several new targets it has identified since acquiring the project that\n have not been previously drill tested.\n\n\nSeveral holes are planned at the Buster zone where drilling by previous\n explorers has yielded a number of very significant intersections at\n shallow depths. The mineralisation at Buster is open along strike and\n at depth. Significant intersections include:\n\n\n\nEX02: 33m at 2.7g/t Au from 70m including 18m at 4.7g/t Au\n\n\n\nEX13: 15m at 2.5g/t Au from 0m\n\n\n\nEX18: 6m at 5.4g/t Au from 43m\n\n\n\nEX30: 47m at 1.5g/t Au from 71m including 7.6m at 3.9g/t Au, 8g/t Ag\n\n\n\nThe Excelsior project covers a zone of gold mineralisation more than 3km\n long and 200-400m wide, hosted within strongly altered calcareous\n sediments and limestone.\n\n\nSince entering into an agreement with Nubian on the Ex...