Nuinsco Reports Drill Results from Prairie LakePositive Drill results from Prairie Lake Carbonitite complex.
Nuinsco Resources waiting for more results to come from 5 drill holes!!Can't wait for CIN's exploration project to start on the Prairie Creek property at the end of April beginning of May.
GLTA
Nuinsco Reports Drill Results from Prairie Lake Rare Metals Project
4/15/2011 6:01:23 AM - Market Wire
Positive Results Continue to Add to Potential Economic Significance of Multi-Commodity Project
TORONTO, ONTARIO, Apr 15, 2011 (MARKETWIRE via COMTEX News Network) --
Nuinsco Resources Limited ("Nuinsco")(TSX: NWI), (www.nuinsco.ca) today reported that diamond drilling at its Prairie Lake rare metals project in Northern Ontario returned grades up to 0.957% niobium (Nb2O5) and 8.68% phosphorous (P2O5) as part of a 246m interval grading 0.118% Nb2O5 and 3.41% P2O5.
"These impressive results continue to make clear the widespread presence of minerals and the economic potential of Prairie Lake," explained Paul Jones, President. "To put this into context, the niobium grade compares favourably with the Nb2O5 resource grade reported by Commerce Resources Corp. at its Upper Fir carbonatite deposit in BC. Also, the positive phosphorous, tantalum and rare earth element (REE) results combined with a location adjacent to power, road, rail and shipping facilities enhance the prominence of Prairie Lake."
Given the significant scale of the mineralization identified at Prairie Lake and the results of the exploration programs conducted so far, Nuinsco is actively advancing its program of recovery process testing on the project. Past efforts have shown that the mineralization at Prairie Lake, which is easily excavated using simple quarry mining methods, can be upgraded to produce a concentrate containing more than 23% P2O5 using low cost flotation methods (see news release dated 4 February 2010). The process testing program will be expanded upon to evaluate production of a niobium concentrate.
DDH NP-1001 was drilled to a length of 575m; 456.95m of the hole was
sampled, with a weighted average grade of 0.119 Nb2O5 and 3.31 P2O5.
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REEs
From To Width Nb2O5 P2O5 Ta (Y+La+Ce+Nd+Sm)
Hole ID (m) (m) (m) (%) (%) (ppm) (ppm)
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NP1001 49.0 295.5 246.5 0.118 3.41 4.6 1016.2
NP1001 314.0 324.5 10.5 0.127 2.31 4.3 885.5
NP1001 356.0 393.3 37.3 0.089 3.20 3.4 894.4
NP1001 404.0 479.5 75.5 0.109 3.57 5.6 1052.1
NP1001 485.5 491.45 5.95 0.143 3.32 12.0 998.6
NP1001 496.3 575.0 78.7 0.119 3.13 11.6 938.7
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Approximately 4,000m of drilling took place during November and December 2010 in the western part of the Prairie Lake Complex (see attached map). The results from this first hole demonstrate strong niobium and phosphorus mineralization, with REEs and tantalum over very substantial sampling lengths which, along with recently reported trenching results, indicate good potential to augment the existing Exploration Target Mineralization Inventory (ETMI(1)) estimated at between 330 and 360 million tonnes.