NBU Nebu Resources Inc

Nebu Resources Inc. (TSX VENTURE:NBU) is pleased to announce that it has staked
a significant land position in the Burntbush area of Ontario. A total of 45
claim units containing 654 claim units covering a nominal 10,500 hectares were
staked as two contiguous claim blocks. Interest in the area relates to the gold
and base metal potential of this under-explored greenstone belt.


Recent airborne geophysical surveys, combined with new geological observations
and interpretations suggest that the western extension of the Casa-Berardi
Deformation Zone ("CBDZ") is located within the Nebu staked claims. The gold
deposits at the operating Les Mines Casa-Berardi gold mine are located within
the CBDZ, approximately 30 km east of the Burntbush Project. Current exploration
interest in the potential of the CBDZ to host additional gold mineralization is
highlighted by the sale of 52 mining claims located in Dieppe Township (Quebec)
by Virginia Mines Inc. to Agnico Eagle Mines Limited for $1,000,000 (in common
shares). These claims are situated east of the Nebu property and west of the Les
Mines Casa-Berardi along the CBDZ.


Compilation of historical assessment work will precede field work. A first stage
exploration program to commence in August will feature geological, geochemical
(including overburden drilling) and geophysical surveys, at an estimated cost of
$400,000.


G.A. Harron, P.Eng., a qualified person under the definitions established by
National Instrument 43-101 has reviewed the technical information disclosed in
this release regarding this project.


The Company also wishes to announce that it has acquired through staking a 100%
interest in three non contiguous gold properties located in the Quest Lake Area
in northwestern Ontario.


The claim groups known as the Quill Lake, Hilltop Lake and Princess Lake
Properties collectively cover an area of approximately 2000 hectares or 20
square kilometres and are located in the Sturgeon Lake Area approximately 20
kilometers east of the past producing Mattabi and Lyon Lake VMS Deposits.


The properties cover a gold bearing iron formation where surface samples taken
in 1991 by a local prospector returned values upto 8.4 grams per tonne from a
grunerite (an iron rich amphibole) bearing silicate iron formation containing
minor amounts of pyrrhotite and arsenopyrite.


Hemlo Gold Mines briefing optioned the property in 1991 and 1992 and were
successful in outlining two zones of sporadic gold mineralization: the Benderite
Zone which includes the original gold occurrence was traced by Hemlo Gold Mines
for over 150 meters along strike on surface with anomalous gold values reported
within arsenopyrite-pyrrhotite bearing lean iron formation and the South Zone
where gold values are associated with arsenopyrite bearing sheared chlorite
schists, located sub-parallel and approximately 100 meters south of Benderite
Zone. These results are based on public records and have yet to be verified by a
Qualified Person on behalf of Nebu.


The company has retained MPX Geophysics Ltd. to complete a detailed 270 line
kilometre airborne geophysical magnetic survey at a nominal 40 metre line
spacing over the known gold bearing horizons with the objective of identifying
targets for ground follow-up during the 2009 summer field program.


Bruce Mackie, P. Geo., a qualified person under the definitions established by
National Instrument 43-101 has reviewed the technical information regarding this
project as disclosed in this release.


About Nebu Resources Inc.

Nebu is a junior exploration company now focused on gold exploration projects in
Ontario. It also has an interest in several gold properties in the west Timmins
area, which it expects to drill later this year. Nebu currently has 36,604,173
common shares issued and outstanding.

Grafico Azioni Nebu Resources (TSXV:NBU)
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Da Mag 2024 a Giu 2024

Grafico Azioni Nebu Resources (TSXV:NBU)
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Da Giu 2023 a Giu 2024