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).