Announcement Date: 2022-03-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Nubian Resources Ltd.
Project name: Yandoit
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7.2m @ 0.9g/t Au from 211.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario, March 22, 2022 – Nubian Resources Ltd. (TSX-V: NBR | OTCQB: NBRFF) (“Nubian” or the “Company”) is pleased to announce results further drill results on its maiden drill program and on the surface geochemistry sampling completed at the Company’s Yandoit Gold Project in the Central Victorian Goldfields, Australia. A total of 1,164 metres of reverse circulation (“RC”) and 743.3 metres of diamond core was completed during 2021, focused on the Goldsmith and Golconda lines of lode in the northeast of the project area. Other areas along and across trend were also tested by 2,711 reconnaissance soil samples, identifying dozens of new prospect areas. The Yandoit Gold Project is characterized by the presence of multiple north-south striking quartz vein systems, each spaced approximately 50 metres apart, marked by quartz float and abundant historic workings. The Company believes that less than 5% of the prospective strike length of quartz vein has been drill tested at Yandoit. Alluvial goldfields drain the areas of quartz reef, and were the source of production during the 19th century. The completed program focused on the northern extension of the Goldsmith and Golconda mines which were in production until approximately 1908, and were known for rich structurally controlled shoots of free gold.
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