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NBU Nebu Resources Inc

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Share Name Share Symbol Market Type
Nebu Resources Inc TSXV:NBU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nebu Resources Inc. Commences Drilling at Its Beehive Property in the Timmins Gold Camp, Ontario

10/11/2010 5:46pm

Marketwired Canada


Nebu Resources Inc. (TSX VENTURE:NBU) "Nebu" is pleased to announce the
commencement of diamond drilling on its Beehive Property in the prolific Timmins
Gold Camp. Drilling begins today, November 10, 2010.


NPLH Drilling Ontario Corporation has been awarded the surface diamond-drilling
contract for approximately 3000 meters of NQ diamond drilling over 6 holes. 


The primary focus of the initial drilling program is the evaluation of the gold
potential of the southwestern portion of the property to host the extension of
the gold mineralized zone extending from the southeast at the Naybob Mine
currently being explored by Metals Creek and Goldcorp. 


The secondary target is to explore the potential along strike from the historic
Desantis and McEnaney gold mines located to the west of the west boundary of the
Beehive property.


The Beehive Property consists of 11 patented mining units in the Timmins Mining
Camp for a total of approximately 440 acres and lies immediately to the north of
the Nabob (Kennilworth) mine which operated between 1932 and 1964 producing just
over 50,000 ounces of gold and is reported to still host a resource of 135,500
tons grading 0.25 ounces gold per ton (8.6 g/t Au) in the North Zone and 600,000
tons grading 0.20 ounces gold per ton (6.9 g/t Au) in the South Zone.


Bruce Durham, P.Geo., a qualified person under NI-43-101 reviewed this release
and is the person responsible for the technical information contained in this
release. All technical data in this release is of a historical nature and has
not been verified by a Qualified Person.


Nebu currently has 50,998,976 common shares issued and outstanding.
www.neburesources.com


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