Nubian Resources Ltd. released metallurgical characterization results from rock chip samples gathered from mine dumps associated with the historic Goldsmith mine at Yandoit, Central Victorian Goldfields, Australia. The 38 square kilometre Yandoit Gold Project is situated in the Daylesford gold corridor. Six samples, consisting of sulphide-bearing quartz were sent to Gekko Laboratories in Ballarat, Victoria for metallurgical characterization and gold recovery determination. Visible gold was not present in any sample, and consequently all rocks were regarded as waste and discarded during historic production. The metallurgical work was undertaken to assist in the design of a processing circuit to extract gold from Yandoit in a potential future mining operation. The samples are considered typical of sulphide-mineralized quartz, mined but discarded as barren during historic mining at Yandoit. Similar samples are found on surface dumps around the four sub-parallel gold reef systems discovered to date (Sardinia, Graveyard, Golconda and Welcome Line) which are the focus for the Company's upcoming maiden drill program. All samples correlate with areas of anomalous arsenic in soil sampling. Mapping of the Welcome, Graveyard and Sardinia reefs suggests they are lateral extensions or splays off the Golconda and Goldsmith reefs that were the two dominant historical gold mines. The six samples were crushed and processed by gravity separation at Gekko to produce heavy mineral concentrates. These concentrates were assayed for gold, silver and arsenic (arsenic being a well-known pathfinder for gold). The weighted average grade from the six concentrate samples produced from rock chips was 29.36 g/t and 30 g/t Ag. This preliminary testwork suggests a substantial amount of gold may be present within sulphide, that was not recoverable within historic mining operations. Gravity combined with flotation may be very effective for the Yandoit Gold Project in the future to produce a bulk concentrate for sale or further treatment. Detailed test work from drill core samples along with bulk sampling is required to confirm these results, determine the distribution of gold between free and sulphide-hosted, and determine the quantity of sulphide in quartz veins.