Nebu Reports Extremely High Grade Gold Mineralization in West Timmins
Drilling
TORONTO, ONTARIO--(Marketwire - Nov. 30, 2009) - Nebu Resources Inc. (the
"Company") (TSX VENTURE:NBU) is pleased to announce drill core assay results from Hole
DE-09-4 from its ongoing diamond drill program adjacent to the Lakeshore Gold Corp.'s land
position (formerly West Timmins Mining Inc.'s property) approximately 35 km west of the main
part of the prolific Timmins, Ontario gold camp.
Length weighted assays for the main quartz zone in hole DE-09-4 averaged 98.41 g/t (2.84
oz/ton gold) over a core interval of 4.7 metres (15.4 feet) from 78.3 metres (256.8 feet) down
hole. This very high grade interval includes an extremely high grade section that assayed
413.57 g/tonne gold over 1.0 metre (12.063 oz gold per ton over 3.28 feet).
Initial repeat fire assays on this interval showed some significant variation, though by checking
the assays using a pulp and metallic assay technique ("PM", which is a more thorough and
representative assay technique – see below), the grade of the entire interval was more accurately
determined and was confirmed to be very high grade. This interval of sulphide rich quartz vein
material contained several sightings of fine gold although with no real accumulation of coarse
gold, indicating that the gold is likely rather evenly distributed through the interval and is related
to the overall sulphide accumulation in the quartz rich vein system. Sulphide mineralization in
the interval is dominated by pyrrhotite and includes lesser amounts of chalcopyrite, pyrite,
sphalerite and arsenopyrite. Total sulphide content of the interval is approximately 15%.
Brian Murray, President and CEO, commented: "We are very excited to report the assay results
for hole 4, knowing this is one of the highest grade drill hole intersections ever drilled west of
the main Timmins Gold Camp. While the overall significance of this drill intersection is not
known at this time, the addition of a second drill rig now allows us the flexibility to carry out
detailed drilling in the area of holes 4, 5 and 6 while continuing to test other new areas of high
potential on our properties in the area."
The following table summarizes the most significant assay results in drill hole DE-09-04.
Interval
start (metres) Length(metres)
Gold Assay ValuePM
method (g/t)
Gold Assay ValuePM
method (oz/ton) Interval(feet)
75.5 1.5 7.72 0.225
77.0 1.3 0.02 0.001
78.3 1.2 17.57 0.512
79.5 1.0 413.57 12.063
80.5 1.0 12.47 0.364
81.5 1.0 2.05 0.06
82.5 0.5 26.71 0.779
Averages
78.3 4.7 98.41 2.87 15.4
75.5 7.5 63.22 1.84 24.6
Note that the second interval was not assayed by using the Pulp and Metallic method, only the
normal fire assay technique.
As reported November 12, 2009, drill holes DE-09-4, DE-09-5 and DE-09-6, were drilled in
section with hole DE-09-04 being the deepest hole drilled. What appears to be the same vein set
was intersected at shallower depth in drill hole DE-09-05 (above drill hole DE-09-4) and assayed
8.45 g/t gold over a 5.9 metre (19.3 foot) interval. Drill hole DE-09-6 drilled between these two
holes also intersected the veins with one interval of the vein assaying 4.46g/t over 1.1 metres (3.6
feet).
Information from the holes drilled in this area to date appears to indicate that the vein system has
a more northerly strike than previously thought resulting in the best mineralized veins not being
intersected in some other holes. A second drill rig has recently been mobilized to this area and
follow-up drilling has commenced to further evaluate this area of gold mineralization. A number
of drill holes will be required to evaluate the full extent, grade and thickness of the gold zone.
The Company has not completed any drilling below the high grade gold intersection. It should be
noted that the intersections of gold mineralization in drill holes DE-09-4, 5, and 6 is very
shallow, ranging from approximately 15 to 55 metres below surface. The true width of the
mineralization in the holes drilled to date has not been determined but is known to be less than
the drilled width.
Drilling with one drill rig continues to focus on other targets on the property and the recently
mobilized second drill rig has commenced detailed drilling in the vicinity of the high grade
mineralization reported in this release.
Quality Control and Assurance
Assay results reported by the Company are from halved drill core samples collected from
diamond drill holes recently completed by contractors to the Company. Core samples were
collected by consultants in the employ of the Company and are subject to the Company's quality
control program. Sampling was conducted in Timmins, Ontario and sealed samples were
transported to Swastika Labs preparation facilities in Swastika, Ontario. Samples are regularly
assayed for gold by standard fire assay- ICP finish with a 30 gram charge. While this technique
was used in the assaying of intervals from this hole, a number of intervals were also assayed
using a pulp and metallic method as described on the Swastika Laboratories website
(www.swastikalaboratories.ca). The remaining half of the drill core is stored in Timmins.
The pulp and metallic sieve analysis includes:
· crushing and pulverizing the entire sample
· screening the entire sample through a 100 mesh screen
· assaying the entire 100 mesh fraction
· duplicate 30G assays on the -100 mesh fraction
· weighted average for Gold in the entire sample reported
For quality control purposes, blank, duplicate and reference standards were inserted into the
sample stream at irregular intervals.
Mr. Bruce Durham, P.Geo, a Qualified Person, is the Company's Qualified Person (QP) and is
the non-independent Qualified Person responsible for the information contained in this press
release. The Qualified Person is experienced in all aspects of the work completed, has visited the
project site, examined the drill core samples reported and has verified that the reported results
meet the Company's quality control standards.
No determination of the true width of the mineralized quartz vein system has been possible at
this early stage of the drilling.
Nebu has the right to earn up to a 90% interest in the claims to which this release pertains. The
Company has recently notified its partner in this property that it has now met its earn-in
provision under the agreement.
Nebu Resources Inc. is a junior exploration company focused on gold exploration in Ontario,
Canada, in 3 specific and distinct areas: West Timmins, Quest Lake in the Thunder Bay mining
district and Burntbush, Ontario, exploring the Ontario extension of the Casa Berardi Deformation
Zone. Nebu's shares are listed for trading on the TSX Venture Exchange under the symbol
NBU.V. Nebu currently has 47,151,063 common shares issued and outstanding.
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 the contents of this release.
http://www.neburesources.com/pdfs/nov30_2009.pdf
News 
Market Data 
Discover 
AI
