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Nubian Signs LOI to Acquire 100% of the Esquilache Silver Lead Zinc Project in Southern Peru
Nubian Signs LOI to Acquire 100% of the Esquilache Silver Lead Zinc Project in Southern Pe...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nNubian Signs LOI to Acquire 100% of the Esquilache Silver Lead Zinc Project in Southern Peru\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 19, 2017\n\n\n\nVANCOUVER, Sept. 19, 2017 /CNW/ - Nubian Resources Ltd. (the \"Company\") (TSX VENTURE: NBR) is pleased to announce that the Company has entered into a binding letter of intent (\"LOI\") with Zinc One Resources Inc. to acquire the Esquilache silver lead zinc project comprising of the historical Esquilache underground silver mine and adjacent Virgen de Chapi prospect located in the Puno Department of Southern Peru.  \n\nHighlights:\n\n\nBinding LOI to acquire 100% ownership of 1,600 hectare high grade Ag Pb Zn Project\nThree main mineralized zones at Esquilache silver project (Sepulvada, Creston and Mamacocha) – Esquilache Virgen de Chapi prospect a southwest extension of Mamacocha zone\n28 km south and directly adjacent to Buenaventura's Chucapaca Gold/Silver deposit in mining friendly southern Peru currently in development phase\nRecent 2015 drilling results of 24.2 metres of 131 g/t Ag, 0.4 g/t Au including 8.1 metres of 292 g/t Ag, 0.73 g/t Au\n\nMartin Walter, Chief Executive Officer of Nubian stated, \"We are very excited to have secured this cornerstone project for Nubian. The Esquilache polymetallic project \"ticks all the boxes\" in terms of high grade, near surface mineralization, good location and drill ready representing an advanced stage exploration project.  Once the acquisition is closed, Nubian intends to undertake a drilling program to define an initial mineral resource as well as advance the Project's environmental, engineering and metallurgical studies. Together with processing of the stockpiles, the Project is geared for fast-track development.\"\n\nThe Project covers the mineralized core of a five-kilometre diameter volcanic caldera that has been mined for silver/lead since the early Colonial period. The exposed structures on the property are characterized as part of a system of polymetallic, low to intermediate sulfidation, epither...