TORONTO, ON / ACCESSWIRE / March 25, 2021 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE: NWI) today announced that it has commissioned a survey to expand geophysical coverage at the Sunbeam Gold Property ("Sunbeam" or the "Property"). Both induced polarisation and magnetic methods are planned to further extend coverage along extensive, gold-mineralized linear trends that traverse the Property and that host ten gold occurrences including the high-grade Sunbeam Gold Mine. The survey will commence as soon as practicable and is part of a planned comprehensive exploration program on the Property encompassing diamond drilling.
The surveys follow earlier geophysical coverage commissioned by the Company that has defined domains of high-priority target areas along 2,900m of discontinuously mineralized strike length in the Sunbeam and Roy lineaments on the Property, both of which host abundant sites of gold mineralization and remain to be thoroughly evaluated in exploration programs. The planned surveys will be conducted by Simcoe Geoscience and will extend coverage further east along the Sunbeam and Roy trends and will expand coverage to the Pettigrew/WN2 trend and adjacent Rubble occurrence.
"The expanded geophysical coverage into areas that have not previously been surveyed will increase our understanding of the mineralization at Sunbeam in preparation for diamond drilling on the Property," said Paul Jones, CEO. "These new areas encompass sites of strong gold mineralization. In particular the new survey will cover the Rubble Showing that has returned strongly gold anomalous grab samples, peaking at 44.38 g/t gold (1.42 oz/ton gold), along a strike length of nearly 200m and width of 30m. Coverage will also extend to the significant gold mineralization at the Roy Showing."
The Sunbeam Gold Property encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings. Mineralization at the Sunbeam Mine is hosted by a 30m wide sheared zone of altered, sulphide bearing, schistose rock. Gold mineralization occurs within a southwest striking quartz vein/chloritic zone that historically was traced from surface to at least 100m vertically and along strike for more than 300m in pits and shafts. Similar mineralization has been observed on the Sunbeam lineament along strike from the Sunbeam Mine and on sub-parallel structures. A 1903 plan of the mine shows an average grade of ~13g/t Au in the historic workings; this historically reported grade cannot be independently verified and should not be considered reliable until it is verified. There has been no exploration of the formerly patented mine site since the mine closed 116 years ago. Intermittent exploration on mineral claims around the patent area was conducted between 1981 and 2012.
The Sunbeam Gold Property consists of 110 unpatented mining claims (218 cells), covering 48.8km2, situated 27km northeast of the town of Atikokan, Ontario, and 12km southeast of Agnico Eagle's Hammond Reef gold deposit. It is easily accessible via well maintained logging roads from Hwy 11. The property is traversed by at least three sub-parallel, northeast-trending, gold-mineralized lineaments secondary to the regionally extensive, sub-province bounding Quetico Fault. Collectively these lineaments now total approximately 30 kilometres of mineralized target domain and host 10 gold occurrences; they present an extensive exploration target that extends to all parts of the Property, have seen only intermittent historic exploration and represent an excellent opportunity to be comprehensively explored. A number of the occurrences have returned high-grade assays from grab-samples and limited drilling. Elsewhere historic pits and shafts have been excavated to conduct exploration at the Roy, Pettigrew and Road occurrences - all of which contain gold mineralization that merits further exploration. Previous work also identified new occurrences of strong anomalous gold mineralization from grab samples collected along the lineaments.