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Nebu Resources Inc. presents update on Timmins West drilling program
Nebu Resources Inc. (the "Company") (TSX .V: NBU) is pleased to present an update on its 2009 work program on its Timmins West properties, specifically Denton North.
Drilling is continuing on its Timmins West Properties, and, based on the results of initial geological and geophysical work, the company has decided to expand the initial drill program and expects to continue drilling for some time.
Initial drilling completed to date has focused on two parallel sections to the east of a historic set of pits and trenches designed to evaluate a generally east trending series of gold bearing sulphide veins first discovered in the 1930's and most recently evaluated in the mid 1980's.
Drilling by the company to date has consisted of eight shallow holes, most of which have successfully intersected quartz carbonate veins containing variable amounts of sulphide minerals. The sulphide minerals include pyrrhotite, pyrite, chalcopyrite and arsenopyrite.
Drilling is continuing along strike to more fully evaluate the vein structures in the volcanic host rocks and in a parallel structure along the contact between the volcanic rocks and the quartz diorite. Only a limited portion of the strike extent of the potential mineralization has been tested to date. The initial geophysical surveys identified a number of potential targets and additional geophysical surveys are underway.
Mr. Bruce Durham, P. Geo. is a "Qualified Person" for the Company under the definition of National Instrument 43-101.
Other matters:
The Company has granted a total of 950,000 options to certain directors and consultants. The options entitle the optionees to acquire shares at a price of $0.20 for a period of up five years.
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. Nebu currently has 46,624,173 common shares issued and outstanding following completion of the Private Placement.
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.
For further information: R. Brian Murray, (416) 985-7810,
John V. Hickey, (416) 903-6649
Visit our website at www.neburesources.com
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