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International Digital Holding Inc IDIG

International Digital Holding Inc is a development stage company whose only operation is seeking viable businesses or enterprises to acquire which Management believes hold potential.


OTCPK:IDIG - Post by User

Post by broacheron May 22, 2007 8:49am
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Post# 12816293

News

NewsImpressive Drill Results Continue at Nuinsco's Elmalaan Project in Turkey TORONTO, ONTARIO, May 22, 2007 (MARKET WIRE via COMTEX News Network) -- Nuinsco Resources Limited (TSX: NWI) (www.nuinsco.ca) today announced that ongoing drilling at its Elmalaan zinc-copper-gold-silver project continues to return high-grade polymetallic mineralization over significant widths. Most recently drill hole EKD-07-06, the sixth hole drilled in the current eight-hole program, intersected 2.43% zinc, 0.50g/t gold and 31.07g/t silver over 10.10 metres between 98.90-109.0m; between 102.6-103.2m zinc values peak at 9.25%, gold at 2.85g/t and silver at 211g/t. "These high-grade intercepts are in line with our expectations at Elmalaan where grades of up to 30.8% copper and 56.3% zinc have been returned from boulders and outcrop," said Paul Jones, Vice-President, Exploration. "The Elmalaan area has been the subject of only cursory examination in the past, and the positive results from this first drill program will be used to direct and expand further exploration later this year." Assays have now been returned from six drill holes. Following on the results of EKD-06-01 that intersected two intervals of massive and semi-massive sulphide mineralisation (see Nuinsco news release dated February 27, 2007) the intersection in EKD-07-06 must be considered a significant exploration result. The intersection in EKD-07-06 occurs approximately 200 metres southwest of the mineralisation in EKD-06-01 and approximately 140 metres southeast of a spectacularly mineralized massive sulphide surface showing. Other drill holes have returned anomalous base and precious metal mineralisation over a 350 metre by 450 metre area. The widespread anomalous geochemistry and the presence of sulphides clearly points to a high likelihood of significant additional sulphide mineralisation at Elmalaan. Drill core from the seventh hole of the current program is currently being assayed; the eighth hole is currently being drilled. Nuinsco recently earned a 100% interest in the Elmalaan Property subject to a 50% back-in right exercisable by Xstrata Copper under certain terms and conditions until April 2012. The project was acquired because of the excellent potential for discovery of volcanogenic massive sulphide (VMS) mineralisation; it encompasses abundant indications of a strong VMS system - high copper, zinc, lead, gold and silver levels, low magnesium, titanium and aluminum; extensive alteration; an anomalous cherty horizon; massive sulphide boulders; and outcropping, high -grade massive sulphide mineralisation all provide ample reason to be exploring in the area. Exploration at Elmalaan is being supervised by P.L. Jones, Vice-President Exploration for Nuinsco, who acts as a Qualified Person under National Instrument 43-101. All intervals are core lengths, not true widths; all analyses are conducted by ALS-Chemex through its sample preparation laboratory in Izmir, Turkey. About Elmalaan Located approximately six kilometres south of the Black Sea coast and 20 kilometres southeast of the large regional population centre of Trabzon, the project is easily traversed by numerous roads and trails and is accessible year-round. Elmalaan is located in the 350 kilometre long Turkish Pontide metallic belt that is well endowed with VMS mineralisation. Important deposits include Cayeli, Murgul, Madenkoy and Cerrateppe. Currently Cayeli and Murgul are in production, but there is vast potential in the belt as attested to by the numerous occurrences. Cayeli has approximately 30 million tonnes of 12% combined Copper-zinc and Murgul, a stockwork sulphide ore body, has reserves of about 80 million tonnes of 1.1% Copper. 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) and approximately 9% of the outstanding common shares of gold and copper producer Campbell Resources Ltd. (TSX: CCH). Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI. To view a map of the Elmalaan property drill results, please visit the following link: https://www.ccnmatthews.com/docs/nwi-522.pdf Contacts: Nuinsco Resources Limited Rene Galipeau (416) 626-0470 Nuinsco Resources Limited Sean Stokes (416) 626-0470 Email: admin@nuinsco.ca Website: www.nuinsco.ca SOURCE: Nuinsco Resources Limited mailto:admin@nuinsco.ca https://www.nuinsco.ca Copyright 2007 Market Wire, All rights reserved.
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