BIG NEWS!!!!!!!!!!!!!!!Press Release Source: Nuinsco Resources Limited
Nuinsco Hits Cu, Au, Ag, Zn Values Over Significant Width Adjacent to Berta Porphyry
Wednesday April 25, 8:00 am ET
Copper, zinc values returned over entire 771.5 metres of spectacularly mineralized second hole
TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - Nuinsco Resources Limited ("Nuinsco" or the "Company") (TSX:NWI - News; www.nuinsco.ca) today announced that it has intersected a significant, continuous domain of strong sulphide mineralization grading up to 30.0% copper and 7.19% zinc at its Berta Project in northeastern Turkey. Copper, gold, silver and zinc values occur over the entire 771.5 metre length of hole SD-07-08 which was drilled adjacent to the interpreted Berta copper porphyry system and ended in mineralization. These results highlight the tremendous potential of the essentially unexplored Berta property.
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Exploration at Berta is being conducted under the terms of a joint venture with Xstrata Copper ("Xstrata"); each participant holds 50% of the project. Hole SD-07-08 is the second hole drilled in the current program. Highlights of the two holes include:
- Hole SD-07-08: 710.9 metres grading 0.28% copper and 0.07 g/t gold between 3.80 metres and 714.7 metres, including: 6.85 metres grading 3.79% copper, 0.22 g/t gold, 11.6 g/t silver and 1.05% zinc; 5.90 metres grading 2.60% copper, 1.14 g/t gold and 8.3 g/t silver; and 9.0 metres grading 1.03% copper. Copper values peaked at 30% over 0.25 metres between 592.10 and 592.35 metres down hole.
- Hole SD-06-07: The first hole in the current program collared near the centre of the porphyry system three kilometres to the southwest of hole SD-07-08. Intersected anomalous copper values over its full 813.0 metre length, peaking at 0.6% copper at 729.5 metres; intermittent anomalous zinc mineralization occurs throughout, peaking at 0.9%; molybdenum peaking at 0.9% at 807.6 metres down hole.
"We've always appreciated that Berta, which hosts what is reputed to be the largest copper anomaly in the Turkish Pontides, is an exciting project with tremendous geology and upside," said Paul Jones, Vice-President, Exploration. "These results confirm and build on past surface work and drilling, and highlight the potential to establish a resource on the property. Following a full evaluation of the drill results to date, we will work with Xstrata to determine the next steps in our exploration at the Berta Property."
Hole SD-07-08 was collared to test a broad domain of low-resistivity in the northern part of the altered and mineralized system at Berta identified from an airborne AEM/AMAG survey. Importantly hole SD-07-08 was collared approximately 350 metres south of a drill hole completed by Inco in 1993; this hole intersected sulphide bearing sediments that returned an interval of 0.19 g/t gold and 0.36% copper over 43.5 metres. The proximity of these drill holes indicates the significant size of the mineralized area.
Selected results from hole SD-07-08 are tabulated below, and clearly show numerous enriched domains returning strong copper, gold, silver and zinc mineralization (all intervals are core lengths, not true widths). Analyses were conducted by ALS-Chemex through their Izmir, Turkey preparation laboratory. Full results are available at www.nuinsco.ca. Paul Jones acts as Nuinsco's Qualified Person under National Instrument 43-101.
Berta Property Drill Results, April 2007
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From To Interval Copper Gold Silver Zinc
(m) (m) (m) (g/t) (g/t) %
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3.80 714.70 710.90 0.28 0.07
Including
3.80 30.60 26.80 0.63 0.22 5.1
including
3.80 11.90 8.10 1.49 0.38 7.6
59.40 78.10 18.70 0.57 10.3
including
65.00 71.00 6.00 1.54 28.0
214.95 245.35 30.40 0.40 0.29 3.4
446.20 458.10 11.90 2.18 0.13 5.9
including
450.30 457.15 6.85 3.79 0.22 11.6 1.05
480.50 486.40 5.90 2.60 1.14 8.3
505.20 506.80 0.25 0.60 0.47 13.8 7.19
535.50 544.50 9.0 1.03
590.60 714.70 124.10 0.40 0.04
Including
592.10 592.35 0.25 30.0
590.60 592.65 2.05 4.34 149.8
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About Berta
The Berta Property is located approximately 50 kilometres south of the Black Sea in northeastern Turkey, within the prolifically mineralized Tethyan-Eurasian Metalogenic Belt which hosts numerous ore deposits in several countries including Iran's Sarcheshmeh Mine, one of the world's largest copper mines at 1.2 billion tonnes grading about 1% copper. The Berta porphyry is reputed to be the largest copper anomaly in the Turkish Pontides, covering 15 square kilometres and at least 1,000 metres of vertical elevation. The relative abundance of copper, zinc and lead mineralization, the distribution of alteration and the rock types encountered in the previous short drill holes all suggest that previous drilling has tested the upper, outer edges of a porphyry system. The current program consisted of two 750+ metre drill holes (angled at approximately 50 degrees).
About Nuinsco Resources
Nuinsco is a growth-oriented, multi-commodity mineral exploration and development company that is focused on uranium, copper, zinc and gold exploration and development in world-class mineralized belts in Canada and Turkey. In addition to its property holdings, Nuinsco owns approximately 22% of the outstanding common shares of Victory Nickel Inc. (TSX:Ni - News) and approximately 9% of the outstanding common shares of gold and copper producer Campbell Resources Ltd. (TSX:CCH - News). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historical fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from government authorities, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Contact:
Rene Galipeau or Sean Stokes
Nuinsco Resources Limited
(416) 626-0470
Email: admin@nuinsco.ca
Website: www.nuinsco.ca
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Source: Nuinsco Resources Limited