Toronto, September 9, 2021 - Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) (
www.nuinsco.ca) today announced an eighth successive intersection of 100m or more of Critical Elements and phosphate mineralization at its 100%-owned Prairie Lake project near Terrace Bay, Ontario with the receipt of analyses producing a 122.7m intersection in DDH NP0807.
“The ongoing drill core sampling program (the “
Program”) at Prairie Lake continues to produce exceptional mineralized widths that are defining a very extensive domain of much sought-after rare earth elements, niobium, tantalum and phosphate,” said Paul Jones, Nuinsco’s CEO. “Our intent is to use the results from the Program to upgrade the existing Exploration Target (“
ET”) to a resource in the near term.”
The mineralization of economic interest contained within the Prairie Lake intrusion occurs at surface and extends to unknown depths below the deepest drilling conducted to date (circa 500m vertically). There is no indication that mineralization diminishes with depth and the eight intersections from the Program reported to date occur over an interval of 530m, oriented southeast-northwest, in the Southwest (“
SW”) Area (see map below). The Prairie Lake complex hosts a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan (“
CMMP”) contained within the very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already established. Prairie Lake hosts a number of elements and compounds of economic interest including those for which demand is projected to substantially increase and for which secure supply chains are sought.
Analytical results from the 122.7 metres of continuous mineralization (from 2.3-125m) of niobium (Nb), tantalum (Ta), phosphate (P
2O
5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd) and yttrium (Y) – analytical results are tabulated below. Eighteen drill-holes have been sampled to date as part of the Program, focussing on drill-holes collared to intercept the SW area which measures 1km in length and is between 150m and 750m wide at surface. The SW area alone hosts 435-530 million tonnes of the total 515-630 million tonne ET, with grades as tabulated in the “Prairie Lake ET” table below.