TORONTO, ON / ACCESSWIRE / September 16, 2021 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that a ninth consecutive drill hole has produced an 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 118.7m intersection in DDH NP0808.
"The continued exceptional mineralized widths of rare earth elements, niobium, tantalum and phosphate encountered at the Prairie Lake project is more remarkable considering that the intersections commence at surface, with obvious positive implications for potential exploitation," said Paul Jones, Nuinsco's CEO. "The Prairie Lake project is exceptionally located from a logistical perspective further enhancing its value to the Company and shareholders; we will continue to aggressively evaluate the potential."
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 nine 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 118.7 metres of continuous mineralization (from 6.3-125m) of niobium (Nb), tantalum (Ta), phosphate (P2O5), 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.