Overview Nebu Resources Inc. (The Company) is a junior exploration company, focused on gold exploration projects in Northern Ontario, Canada.
The company acquired the Mallard Property on February 22, 1011, a highly prospective project located adjacent to the north of the Augen Gold Corp.’s Jerome property, and northwest of Trelawney Mining and Exploration Inc.’s Cote Lake 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.
The Company also holds a 100% interest in the Northern Ontario Bowman Hislop Property and is currently awaiting final results from the initial exploration program. Initial results indicate significant targets have been identified in the area to the west of the nearby historic Canadian Arrow Mine property recently optioned by Murgor Resources. Murgor's first drill hole at that historic gold producing property assayed 2.64 g/t gold over a core length of 59 meters.
