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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: Brumell who wrote (5656)3/3/2000 9:17:00 AM
From: Buckey  Read Replies (1) of 5821
 
BUckey posts BOCKO results - Methinks BUCKEY is happy
Nuinsco receives Bucko drill results

Nuinsco Resources Limited NWI
Shares issued 44,772,438 Mar 2 close $0.75
Fri 3 Mar 2000 News Release
Mr. H. Douglas Hume reports
Nuinsco Resources has received the drill results of the first five holes
from the Bucko Lake deposit located 100 kilometres south of Thompson, Man.,
near the town of Wabowden. Drilling of six more holes is in progress to
test the extent of a high-grade zone near a hole with 9 per cent nickel
over 14 metres and to obtain metallurgical samples.

Hole Sec. Depth From To Interval
No. * (m) (m) (m) (m)

N-1 518N 296 328.21 402.43 74.22

incl. 274 334.83 351.68 16.85

incl. 280 345.80 351.68 5.88

N-2 519N 183 206.92 283.73 76.81

incl. 152 228.82 241.45 12.63

N-3 519N 137 199.32 202.12 2.80

N-4 520N 195 207.90 257.00 49.10

incl. 174 207.90 213.90 6.00

incl. 201 250.07 254.48 4.41

N-5 520N 158 197.45 258.80 61.35

incl. 146 201.76 205.21 3.45

incl. 168 230.94 242.69 11.75

Hole Sec. Depth From % Interval
No. * (m) (m) Nickel (feet)

N-1 518N 296 328.21 0.95 243

incl. 274 334.83 2.77 55

incl. 280 345.80 5.59 19

N-2 519N 183 206.92 0.68 252

incl. 152 228.82 2.02 41

N-3 519N 137 199.32 1.72 9

N-4 520N 195 207.90 0.88 161

incl. 174 207.90 1.80 20

incl. 201 250.07 1.82 14

N-5 520N 158 197.45 0.89 161

incl. 146 201.76 2.21 11

incl. 168 230.94 2.26 39

*Note: Sections are on 30.5-metre (100-foot) centers.
The intersection of 5.59 per cent Ni over 5.88 metres in hole N-1 is 19.5
metres north of a former intersection of 9.03 per cent Ni over 14 metres at
the same elevation.
In 1970, underground drilling from a hangingwall drift on the 305-metre
elevation delineated a resource of 1.5 million tonnes of 2.2 per cent Ni
and 0.19 per cent Cu (diluted 20 per cent at 0 per cent Ni grade), between
depths of 183 metres and 488 metres. This included a diluted resource, over
a minimum mining width of three metres, of 550,000 tonnes with an average
grade of 2.62 per cent Ni and 0.22 per cent Cu between the 213-metre and
305-metre horizons. Byproduct Co and PMG credits at current metal prices
are projected at $35 per tonne.
Bids have been received from contractors for the dewatering of the shaft in
preparation for underground drilling and bulk sampling in 2000 subject to
permitting and financing.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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