Monday, February 8, 2010

Mining Equipment: Nebu Resources Inc. Continues Drilling on its Denton Township Projects

Mining Equipment: Nebu Resources Inc. continues drilling on its Denton Township projects adjacent to properties held by Lakeshore Gold Mines Inc., approximately 30 kilometers southwest of Timmins, Ontario since they resumed in December 2009, in the area of high-grade gold mineralization reported in its November 30, 2009 press release, to continue evaluation of this area of gold mineralization.

The vein or veins appear to have been intersected in all of the recently completed drill holes with the highlights from recent assay data including the results from drill hole DE-09-26 that include core length intervals of 1.5 metres assaying 1.85 g/t and 2.6 metres averaging 3.03 g/t in the vein zone and a deeper intersection averaging 17.18 g/t over a core length of 3.2metres near the contact of the diorite intrusion.

While the latter intersection is deeper, it should be noted that this intersection is still less than 120 metres below surface, whereas much of Lakeshore Gold’s recent success has resulted from drilling holes to depths of more than 700 metres vertically.

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