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Bullboard - Stock Discussion Forum Nuinsco Resources Ltd C.NWI

Alternate Symbol(s):  NWIFF

Nuinsco Resources Limited is a Canada-based multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. The Company is engaged in the exploration and evaluation of properties for the mining of precious and base metals. It operates three properties in Ontario: the high-grade Sunbeam gold property near Atikokan optioned to First... see more

CSE:NWI - Post Discussion

Nuinsco Resources Ltd > Update on EL SID gold project
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Post by stockstarker on Aug 12, 2020 12:47pm

Update on EL SID gold project

NUINSCO ANNOUNCES POSITIVE METALLURGICAL RESULTS FROM THE EL SID GOLD PROJECT
ACCESSWIRE AUG 12, 2020 11:55 AM EDT

Up to 96% gold recovery from gravity processing and leach or flotation

TORONTO, ON / ACCESSWIRE / August 12, 2020 / Nuinsco Resources Limited ("Nuinsco" or "the Company") (CSE:NWI) today announced positive results from metallurgical testing of gold-bearing material from the waste pile at the past-producing El Sid project in Egypt. These results demonstrate the effectiveness of low-cost, proven processing methods for gold recovery at El Sid.

"Gold recoveries of up to 96% obtained from simple, conventional, gravity and leaching or flotation processing supports our concept that El Sid can be exploited quickly using proven, off-the-shelf methods at a low capital cost," said Paul Jones, President and CEO. "Given that the waste pile has been mined, is at surface, is partially processed and has an average gold grade of 4.1 g/t these metallurgical results are very encouraging from the perspective of economic viability."

A total of 114kg of metallurgical samples were submitted to Met-Solve Laboratories in Langley, B.C. for gravity gold recovery determination. The sample passed through an initial crushing stage (Stage 1) followed by two stages of grinding (Stage 2 and Stage 3) - the gravity recoverable gold value of 67.8% contained in 1.54% of the processed rock is from a final grind size of 89 μm (note: 1,000µm = 1mm). Stage 1 achieved a gold recovery of 38.0% without any grinding whatsoever, with Stages 2 and 3 adding an additional 9.3% and 20.5% gold recovery respectively. Tailings from the tests comprise 98.46% of the total processed rock and grade 1.28 g/t Au. Subsequently the tailings were subjected to flotation and leach tests to determine the amenability of the material to flotation, using common gold flotation reagents, and cyanide leaching. The test results show that the feed sample is amenable to gravity concentration and the gravity tailings are amenable to flotation and cyanide leaching.

Process Option

Gravity
Recovery

Global

Stage

Total
Recovery

Calculated
Head
Grade

Final
Tailings
Grade

 

Au

(%)

 

Au

(g/t)

Gravity Only

67.8

N/A

N/A

67.8

3.90

1.28

Gravity and Flotation

75.0

20.9

83.4

95.8

3.53

0.18

Gravity and Leaching

69.0

27.0

87.5

96.0

3.82

0.16


The sample provided to Met-Solve (subject of Met-Solve report MS 1882 Nuinsco Resources Limited) was crushed to a top size of 1.8 mm then homogenized and split into test charges using a rotary splitter. A subsample of the head material was submitted for fire assay. The test incorporated intermediate grinding to recover the precious metal as it was liberated and the products from the test were analyzed on a size-by-size basis to determine precious metal deportment in the ore. The gravity tailings were subjected to a baseline cyanide leach test to determine the amenability of the material to cyanide leaching. The test was conducted using a leach time of 24 hours, a cyanide concentration of 1 g/L and a target pH of 10.5-11.0. The flotation test was conducted using a strong gold collector (Flex51 PM) and promotors (AMG900 and 3418A) to maximize gold recovery.

Nuinsco, through its Egyptian subsidiary Z-Gold Resources, won a competitive bid for the right to evaluate and produce gold from waste dumps and tailings at the pastproducing El Sid gold project in Egypt. Located in Egypt's Eastern Desert, approximately 90km west of the town of Quseir on the Red Sea coast, the El Sid project is easily accessible via a paved road that passes through the project site. Three past-producing gold mines are located on the project - the largest of which is the El Sid Mine which operated primarily between 1947 and 1957 and was Egypt's largest gold producer. If the El Sid project proves to be economically viable the timeline to production is short - measured in months - at which point the Company anticipates cash flow for nondilutive funding of existing projects and evaluation of potential project acquisitions.

P.L. Jones P. Geol. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this press release regarding the El Sid project

Comment by baskcha1 on Aug 12, 2020 1:10pm
mining off the side of the road, i guess its not a bad idea.
Comment by Eldoradosucks on Aug 13, 2020 12:15pm
Nice to see
Comment by bobismydad on Aug 17, 2020 1:10pm
WHO IS SELLING at these prices.......must be coo-coo  I would like to warn its stockholders and potential investors that material corporate information regarding sales, areas of business and other corporate updates will only be made through press releases or filings with the OSEC. NWI does not utilize social media, chatrooms or other online sources to disclose material information. The ...more  
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