This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Nubian And Global Strike Further Gold At Excelsior

Stocks in this article: NBR

ABBOTSFORD, BC, Sept. 30, 2011 /PRNewswire/ - Nubian Resources Ltd (TSXV:NBR) is excited to announce that the company, who has a 30% retained interest in the Excelsior property in Nevada, in a recent exploration program conducted and managed by Global Geoscience, has intersected multiple zones of shallow, oxidised gold mineralisation over a minimum strike length of  2.2km. Significant intercepts areā€¦

GE08: 7.6m at 5.1g/t Au from 93.0m

GE14: 7.6m at 2.9g/t Au from 19.8m

GE02: 3.0m at 4.7g/t Au from 0m

GE19:   6.1m at 1.9g/t Au from 117.3m

GE15: 13.7m at 0.8g/t Au from 61.0m


  • Mineralised gold zones extended and upgraded by wide-spaced drilling at the Excelsior gold project in Nevada, USA.
  • Maiden 3657m RC drilling by Global has intersected multiple zones of shallow, oxidised gold mineralisation over a total strike length of 2.2km.
  • The individual zones and the overall mineralised trend remain open along strike and at depth.
  • True width of the intercepts are not known at this stage
  • Geochemical/geological data indicate the mineralisation is part of a >9km long zone with no known drilling outside the area drilled by Global.
  • Follow-up infill drilling planned around the newly discovered zones and other targets along strike.

Excelsior Gold Project

The Excelsior gold project is located 300km southeast of Reno in southern Nevada, USA, in which Global Geoscience is earning a 70% interest in the project by spending $3 million on exploration over four years.

Excelsior is located in the Walker-Lane tectonic zone which hosts a number of large gold mines. Total gold production from the zone exceeds 20 million ounces with notable deposits including Goldfield (5Moz), Bullfrog (2Moz), Tonopah (2Moz), Mineral Ridge (1.5Moz) and Comstock (8Moz Au, 200Moz Ag).

Gold mineralisation at Excelsior occurs within an east-west trending zone that is 200-400m wide and at least 3km long. Exploration results indicate the presence of a large mineralised system where only one relatively small area (the Buster zone) had been tested by drilling previously.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs