(TheNewswire)
Toronto – TheNewswire - November 18, 2021 – Nuinsco Resources Limited (“ Nuinsco ” or the “ Company ”) (CSE:NWI) (CNSX:NWI.CN) (OTC:NWIFF) today announced receipt of analyses from the eleventh and twelfth drill holes sampled this year in the SW Area of its 100%-owned Prairie Lake project (the “ Project ”) near Terrace Bay, Ontario. As with the previous ten drill holes the intersections in both drill holes reported here exceed 100m of Critical Minerals and phosphate mineralization: being 290.5m (starting from 5.0m downhole) in DDH NP1001 and a 174.7m (starting from 18.9m downhole) in DDH NP1004.
“With receipt of these analyses we now have 12 drill hole intersections greater than 100m that are continuously mineralized with rare earth elements, niobium, tantalum and phosphate at our Prairie Lake project and that are of economic interest,” said Paul Jones, Nuinsco’s CEO. “These intersections in the SW Area of the Project define a significant volume of rock, comprehensively sampled along 900m in drill holes so far, where an Exploration Target of 435-530 Mt (see Prairie Lake ET table below) is already identified. The presence within this rock volume of rare earths such as neodymium and lanthanum, but also including praseodymium and scandium in combination with the elements niobium, tantalum and phosphate speak to a potentially significant combined economic endowment of much sought-after constituents that we are aggressively evaluating.”
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Analytical results from the 290.5m and 174.7m of continuous mineralization from DDH NP1001 and 1004 respectively, of niobium (Nb), tantalum (Ta), phosphate (P 2 O 5 ), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd), praseodymium (Pr), scandium (Sc), and yttrium (Y) are tabulated in the “Analytical Results” table below. Eighteen drill-holes have been sampled to date as part of the program, focussing on drill-holes collared to intercept the SW area which currently measures 1km in total length and is between 150m and 750m wide at surface. The SW area alone hosts 435-530 million tonnes of the total 515-630 million tonne ET, with grades as tabulated in the “Prairie Lake ET” table below.
Analytical Results DDH NP1001 and NP1004: