From Globe Newswire: 2024-04-11 13:41:00

Nubian Resources Ltd. is advancing exploration at its Fosterville East Gold project in Victoria, Australia. The project covers 82 km2 near the Fosterville Gold Mine. Geophysical surveys will guide a low-cost air-core drilling program to test for gold and arsenic mineralization beneath thick cover.

Following gold discoveries in Victoria, Nubian restarts exploration efforts in the area after a hiatus. A non-brokered private placement aims to raise up to $600,000 through the issuance of up to 10,000,000 units, with each unit priced at $0.06. Funds will support exploration activities at Fosterville East and other purposes.

Dr. Scott Jobin-Bevans, a Qualified Person, reviewed and approved the technical information for the Fosterville East project. Nubian Resources Ltd. is a publicly traded exploration company specializing in precious and base metals. Projects are located in Peru and Australia.

The company encourages investors to exercise caution regarding forward-looking statements, as actual results may differ from forecasts. Factors such as exploration risks, changes in mineral prices, and regulatory challenges could impact outcomes. Nubian is committed to updating information as needed and emphasizes the importance of realistic expectations.



Read more at Globe Newswire: Nubian to Re-Start Exploration at the Fosterville East Gold