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Excelsior Gold Ltd.

Publié le 14 juillet 2011

Drilling to Commence at the Excelsior Gold Project in Nevada

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Mots clés associés :   Canada | Copper |
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PRESS RELEASE 11-04

 

Drilling to Commence at the Excelsior Gold Project in Nevada 

 

July 14, 2011 Abbotsford, British Columbia, Canada - Nubian Resources Ltd ("Nubian") (NBR:

TSX.V) reports that drilling will commence at the Excelsior gold project in Nevada next week.

Nubian holds a 100% lease of the property and has an option agreement to allow Global

Geoscience Ltd ("Global") to earn a 70% interest in the Excelsior project by spending $3 million

on exploration over four years and by making cash payments totalling USD $100,000.

 

Global plans to drill about 2000m of RC (Reverse Circulation) to follow-up a number of

significant drill intersections and to test several new targets it has identified since acquiring the

project that have not been previously drill tested.

 

Several holes are planned at the Buster zone where drilling by previous explorers has yielded a

number of very significant intersections at shallow depths. The mineralisation at Buster is open

along strike and at depth. Significant intersections include:

  • EX02: 33m at 2.7g/t Au from 70m including 18m at 4.7g/t Au
  • EX13: 15m at 2.5g/t Au from 0m
  • EX18: 6m at 5.4g/t Au from 43m
  • EX30: 47m at 1.5g/t Au from 71m including 7.6m at 3.9g/t Au, 8g/t Ag 
The Excelsior project covers a zone of gold mineralisation more than 3km long and 200-400m
wide, hosted within strongly altered calcareous sediments and limestone.

Since entering into an agreement with Nubian on the Excelsior project in March 2011, Global
has completed extensive surface work including a three square kilometre Induced Polarisation
(IP) geophysical survey, geological mapping, re-logging drill chips and the collection of more
than 800 geochemical samples. This work has led to the identification of three other targets -
none of which have been drilled previously.

President and CEO of Nubian, Graham Chisholm comments: "Work completed by Global to
date at Excelsior indicates the presence of a large and extensive mineralised system, and only a
relatively small area - the Buster zone - has been tested by drilling. Given the very encouraging
drill results at the Buster zone to date, we are pleased to announce that targets to be drill tested
have been identified and drilling will commence shortly".

Figure 1. Multiple gold zones within the main east-west trending structure. Only the Buster zone has been tested by drilling.

Figure 2. Gold mineralisation at the Buster zone occurs in a series of north-east trending "shoots" that dip to the south-east and are open to the north-east. The red histograms show gold intersections in drill holes.

Figure 3. Longitudinal section of the Buster zone. The coloured dots correspond to calculated horizontal intersections of the "shoots" shown in Figure 2. The mineralised intersections are shallow and open to the north-east and at depth.
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.



"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.

This email was sent to .com by jeannette@nubianr.com |  
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ICS Copper Systems Ltd | #202 Yale Court Plaza | 2526 Yale Court Rd | Abbotsford | British Columbia | V2S 8G9 | Canada
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Excelsior Gold Ltd.

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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 28,0 millions AU$ (19,8 millions US$, 17,2 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.
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