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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: strutech who wrote (12)5/10/1997 4:30:00 PM
From: Private-Eye   of 5821
 
Don't know specifically why there is movement, but I received some interesting information concerning Bre-X and Stuart Averill. I'll try to summarize the article and the information I received from Nuinsco's IR.

An artical in the Globe and Mail (May 3) was written about Stuart and his company (Overburden Drilling Management). He was hired by the Globe and Mail to review Bre-X reports concerning the specifics of the gold discovery. In short, Stuart is a highly regarded geologist/geophysicist and is credited with the Casa Berardi gold discovery in Quebec.

Also, Stuart has been directing Nuinsco's reverse circulation drilling in the Rainy River district over the past three years which includes the #17 Gold Zone as well as the five new anomalies recently discovered. Stu is also a member of Nuinsco's Board.

Gilles Nadeau
(Private Eye)
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