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ACCESSWIRE
OMRI Listing Means Continued Improvement in Value Proposition for Well-Located, Multi-Commodity Project
TORONTO, ON / ACCESSWIRE / December 10, 2019 / Nuinsco Resources Limited ("Nuinsco" or "the Company") (CSE:NWI) continues to advance the potential of its 100%-owned Prairie Lake project ("Prairie Lake") near Marathon in northwestern Ontario. The Company recently received a listing by the Organic Materials Review Institute ("OMRI") of the project's calcium carbonate rock for use as a soil amendment and in organic food production or food processing and handling according to the USDA's National Organic Program regulations, yet another indication of Prairie Lake's increasing value. Phosphate-bearing calcium carbonate rock (also known as phosrock) such as is found at Prairie Lake can be used to revitalize land which has lost its fertility as a result of excessive chemical farming.
In addition to the phosrock the Prairie Lake mineralization also contains a variety of rare earth elements ("REEs"), niobium and tantalum. The mineralization identified is entirely contained within the Prairie Lake carbonatite complex, presently encompassing an exploration target ("ET") of 515-630 million tonnes defined by 46 diamond drill holes.
"The Prairie Lake project encompasses a very large domain of phosphate mineralized carbonate rock; the use of this rock as a soil amendment and fertilizer has great potential economic significance for Nuinsco," said Paul Jones, CEO. "The ever increasing demand for food and for the means to maximize global agricultural production, the growing necessity to revitalize agricultural land worldwide, and the increasing significance of organic food production all point to the potential of a very large market for the OMRI-listed Prairie Lake phosphate rock. The relative ease with which Prairie Lake could potentially be exploited from surface using quarry methods points to the significance of Prairie Lake within Nuinsco's property portfolio."
The Prairie Lake project consists of 46 mineral claims covering an area of 630 ha. Logistically the project is superbly located, with ready access to power, road, rail and shipping infrastructure; it is easily accessed by an all-weather road from the TransCanada Highway 28 kilometres to the south.