TORONTO, ON / ACCESSWIRE / September 1, 2021 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced an intersection of 118.6m of Critical Elements and phosphate mineralization obtained from on-going drill-core sampling at its 100%-owned Prairie Lake project near Terrace Bay, Ontario.
"We continue to see extensive intersections of elements of significant economic interest from the Prairie Lake carbonatite complex. This most recent result brings to seven the number of drill-holes identified by this sampling program with intercepts of 100m or more of Critical Elements - of note this most recent intersection contains 118.6m grading more than 2000g/t combined REEs (see below for tabulated individual REE values)" said Paul Jones, Nuinsco's CEO. "The intersections received to date have been obtained from near surface mineralization that the Company is expecting to use for a resource estimate, there is no indication that mineralization diminishes with depth and the seven intersections reported to date occur over an interval of 530m in the Southwest Area Exploration Target (see map and table below), highlighting the potential scope and value of the mineralization on the project.
As previously reported the mineralization in the Prairie Lake intrusion occurs at surface and extends to unknown depth below the deepest drilling conducted to date (circa 500m vertically). 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 a very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already in place. The project 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.