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Nuinsco Resources Ltd C.NWI

Alternate Symbol(s):  NWIFF

Nuinsco Resources Limited is a Canada-based multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. The Company is engaged in the exploration and evaluation of properties for the mining of precious and base metals. The Company’s mineral property interests in Ontario, Canada, include the large multi-commodity (phosphate, rare earth element, niobium, tantalum) Prairie Lake Project near Marathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC, and retains a NSR royalty on the Sunbeam Gold Property near Atikokan. The Prairie Lake project is located near Marathon, Ontario consisting of nine claims comprising of 46 mining claims (27 single cell and 19 boundary cell mining claims), encompassing 608 hectares (ha). The Sunbeam Gold Property is located about 30 km northeast of Atikokan, north-western Ontario.


CSE:NWI - Post by User

Post by stockstarkeron May 23, 2024 1:14pm
134 Views
Post# 36054258

Highlights: Very high apatite content observed in drill cor

Highlights: Very high apatite content observed in drill cor
Highlights:
 
Very high apatite content observed in drill core.
 
High apatite content translates into elevated phosphate and rare earth element (“REE”) content.
 
Intervals of tens of metres of high-grade rock identified in drill core.
 
Provides added value and opportunity to an already enormous asset.
 
Toronto – TheNewswire - May 23, 2024 – Nuinsco Resources Limited (“ Nuinsco ” or the “ Company ”) (CSE: NWI ) , ( FRA: NJX) today announced that results from the re-logging of drill core and a review of historic data (the “ Study ”) indicate the presence of higher grade domains of phosphate/apatite mineralization at the Prairie Lake Critical Minerals and phosphate project (“ Prairie Lake ” or the “Project” ) than reported in the Company’s mineral resource estimate (“ MRE ”) dated May 31, 2022 which could have a positive impact on the Prairie Lake resource.
 
The Study identified the presence of substantial domains of phoscorite rock containing higher-grade phosphate mineralization associated with elevated content of the mineral apatite. This indicates the potential for larger domains of high-grade phosphate and REEs occurring within the already very large Critical Minerals MRE at the Project (see table below).  In places, abundant phoscorite rock with apatite mineralization is observed over tens of metres in drill core – resulting in sizeable, measured intersections with phosphate and REE grades substantially higher than the average grade of the MRE (see table below).
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