NSU Resources enters into joint venture for airborne survey of its Nova Scotia project
OTTAWA, Ontario, March 7, 2013 /PRNewswire/ -- NSU Resources Inc. (OTCQB: NOST) is pleased to report the company will jointly implement its airborne survey on the Cobequid Highlands project, Nova Scotia with Fugro Airborne Surveys. NSU Resources entered into a joint venture with third parties for the airborne imagery of its mineral claims in Nova Scotia to accelerate its exploration program.
"The Cobequid Highlands are the object of intense exploration efforts by other parties. We have decided to join forces with other local prospection efforts at the regional level that have selected Fugro to accelerate their exploration program. This will permit us to speed up our exploration work and reduce our exploration costs," stated Dr. Luc C. Duchesne, President and CEO of NSU Resources, Inc.
The Byers Brook Property is located in Colchester County, Nova Scotia and consists of Mineral Exploration Licence 09388, which contains 27 claim units (1080 acres or 437 hectares).
The Property is located within a geological environment that is favourable for the discovery of Iron-Oxide-Copper-Gold (IOCG). Other types of mineralization include Rare Earth Element (REE) mineralization (MacHattie, 2010) and Volcanogenic Massive Sulphide (VMS). For more information visit: http://www.nsuresources.com/byers_brook
About NSU Resources Inc
NSU Resources, Inc. is a mineral exploration and carbon development company. Our mission is to become a vertically integrated provider of Rare Earth Elements. We are targeting growth from the acquisition of mineral and carbon rights worldwide. Currently the company is focused on its Eastern Canada property. NSU Resources Inc is a fully reporting company traded on the OTCQB under the symbol NOST. Website:www.nsuresources.com. NSU Resources, Inc. is also now on Facebook, and Twitter @NSUResources. NSU Resources stock is tabulated with other rare earth companies at www.raremetalblog.com.
Safe Harbor Statement
Sections of this press release contain forward-looking statements, which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report and other risks. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.
SOURCE NSU Resources Inc.