Nubian Resources Ltd. Snapshot
Recent acquisition of the 800 ha Rio Pampas Copper Gold Project in Peru
Experienced management team and board of directors
Streamlined balance sheet, low G&A expenses
Low issued capital of 19,852,773 shares
PERU - RIO PAMPAS COPPER GOLD PROJECT
Rio Pampas Copper Gold Project is an 800 ha copper gold project located in the Pacobamba Chungui District of the Andahuaylas Province of Peru. The project is situated on the edge of the Eocene-Miocene aged Andahuaylas to Yauri Porphyry Copper Batholith where surface mineralization shows a strong foot print of sulphide and oxide Cu mineralisation stretching across an area that appears to extend over 800 meters in a northwest direction and over a width of 300 metres. The mineralization is consistent with that of Cu Au Porphyry, Quartz stockwork, mineralized breccias and poly-metallic skarn systems that exhibit low sulphidation epithermal mineralised quartz veins and disseminated sulphides within the surrounding rock. The Rio Pampas Cu Au porphyry system sits on the northeastern edge of the Eocene-Miocene aged Andahuaylas to Yauri Porphyry Copper Batholith that stretches across southern Peru. This belt of rocks hosts some of Peru’s large Cu Au porphyry deposits such as the Southern Peru Copper’s Los Chancas Project as well as the operating Tintaya and Las Bambas Copper Mines.
On August 14th, Nubian entered into a non-binding Letter of Intent and paid a US$50,000 deposit and agreed to pay an additional US$50,000 annually from the signing of the definitive agreement for a period of 10 years to the Vendors. Nubian has also agreed to invest US$500,000 in development work in the first 12 months to earn a 51% of the Project. To earn an additional 9%, for a 60% interest, Nubian has agreed to invest an additional US$1 million in the first five years. An additional US$2 million in exploration expenditures plus the payment of US$2 million to the Vendors between the 5th and 10th year anniversary will increase the Company’s ownership to 80%. Nubian can achieve 100% ownership of the Project by paying the balance of US$9 million to the Vendors in the final two years of the option agreement. It has been agreed that definitive documentation outlining the terms of the option agreement will be completed within 90 days.
USA - NEVADA, EXCELSIOR SPRINGS GOLD
Excelsior Springs is located in the Walker–Lane tectonic zone of southern Nevada, which hosts a number of large historic gold mines. Total gold production from the zone exceeded 20 million ounces (Moz), with notable deposits including Goldfield (5Moz), Bullfrog (2Moz), Tonopah (2Moz), Mineral Ridge (1.5Moz) and Comstock (8Moz Au, 200Moz Ag). The Excelsior Springs property covers a 3km long, 300m wide zone of stockwork quartz vein–type gold mineralization hosted by altered limestone and calcareous sediments. Exploration over the property by Nubian has been restricted to analysis of 236 surface rock chip samples, which defined four separate areas of mineralization with values from 1 to 20 g/t Au. Only one of these four areas, the Buster mine, had been drilled previously. At the Buster mine historic RC percussion drilling was undertaken over a strike length of 300m and probed to depths up to 120m. Most of the holes that targeted the main mineralized zone intersected gold mineralization.
DUNFEE – ESMERALDA COUNTY - NEVADA
Dunfee gold prospect is in west-central Esmeralda County, Nevada, 50 km SSW of Goldfield and 5 km SE of the town of Gold Point. Nubian holds 22 claims. Outcrops of Precambrian Wyman metasediments overlie the Sylvania pluton and are in turn overlain by thrust sheets of Precambrian Reed Dolomite. The area is on a N75W-trending structural zone defined by numerous prospect pits and shafts that explored a quartz-gold vein zone to shallow depth that follows the structure. Depth to underlying intrusive rocks of the Sylvania pluton is expected to be in range of 100-150m. Other veins in the Gold Point region, indicate the width of the vein and gold content improve where the veins pass from meta-sediments into plutonic intrusive rocks which were the source of the gold.
Mapping and sampling has confirmed existence of a broad domal uplift believed to be caused by an apophysis of the Sylvania pluton, which is a possible source of the hydrothermal alteration and gold veins of the area. The domed area, thought to be underlain by a gold porphyry system, is about 1.5 km in diameter. Presence of alteration and gold-quartz veins at surface, with grades of up to 1.0 opt Au, suggest a bulk-tonnage mineable, gold porphyry system may exist at Dunfee.
PALMETTO, ESMERALDA COUNTY - NEVADA
This property (2 claims) is about five miles northeast of Excelsior Springs and is geologically similar, possibly without the complicated thrust faulting. Near the eastern nose of the Palmetto pluton, Precambrian and Cambrian sediments are cut by late-stage rhyolites, which control quartz veins carrying gold and silver. Veins in outcrop and on dumps contain up to 0.05 opt Au and 10 opt Ag. Hydrothermal alteration extends over 1.5 square miles, and there is potential for a circular domal feature which creates a window of older, mineralized rocks within post-mineral Tertiary volcanics.”
Markus Janser, MCom
Markus Janser through his own holdings and those of associated investors has a significant shareholding in Nubian Resources and is the Chairman of the Company and Chair of the Audit Committee. He graduated with a MCom from University of Fribourg in Switzerland in 1994. Mr. Janser has an asset management background gained through his experience with UBS in London, Zurich and Johannesburg in Private Banking and Asset Management where he was part of the project and implementation team for the UBS merger with SBC that formed the largest private banking and asset management company worldwide. In addition, in 2000, he founded his own asset management company based in Switzerland and Johannesburg. In 2007, he retired from that Company and since then he has consulted to a private investor group focused on world-wide junior mining and exploration investments and to an international retail group in South Africa.
Martin Walter, MBA, BSc (Geology)
Director and Chief Executive Officer
Martin Walter has over 20 years of extensive mine geology operational experience especially in open pit gold mining and has worked on a number of precious metal projects worldwide both in senior management roles and as a consulting geologist for the Toronto-based geological and mining consulting firm of Ironbark International Limited. He has served as a director and has led a number of junior mining companies listed on the Toronto Stock Exchange and the TSX Venture Exchange including Forrester Resources Corp. (formerly Vena Resources Inc.,), Treasury Metals Inc., Absolut Resources Inc., Sierra Minerals Inc., Aquiline Resources Inc., St. Andrew Goldfields Ltd., Crown Point Energy Inc. and Amarillo Gold Corp. Mr. Walter holds a BSc. Degree in Geology from the University of Ballarat, Australia and an MBA from the University of Toronto.
David Fynn, CA
Director and Chief Financial Officer
David Fynn has been associated with Nubian Resources and its predecessor company since 2006. Prior to forming his private practice, D. A. Fynn & Associates Inc. in 1996, he worked as a senior manager with KPMG in Canada and Ernst & Young in the United Kingdom and Saudi Arabia. David is a Canadian Chartered Accountant and services individuals/companies in many sectors including mining and commodities in his private practice.
Lawrence Treadgold, C.Eng, FIMMM,
Larry Treadgold has over 40 years' experience as an extractive metallurgist and senior manager in gold and copper assets world-wide. During his career he has developed both green-field and brown-field sites and brought them to optimum capacity and profitability. His early career was spent in Africa on the Zambian Copper-belt where he became Superintendent of Ndola Copper Refineries and precious metals plant. He later joined Noranda Minerals Inc., where, as President of their precious metal subsidiary, he was responsible for the management of operations, engineering and technical developments of precious metal activities in the United States and Asia. Since 2005, Larry has directed metallurgy for the Luanshya and Chambeshi copper operations in Zambia and successfully assisted taking the Nikanor, KOV development to the market raising $ 400 million. He has also provided metallurgical and environmental consulting services to gold and copper mining operations in the United States, Africa and elsewhere. Mr. Treadgold is the Chair of the Technical Committee of the Company.
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