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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: fish who wrote (16)5/18/1997 6:45:00 PM
From: Red-5   of 5821
 
Well Fish I can tell the Mussel White is a good property. They have good
grades of ore and good tonnage and I expect that they will find more once they
get the mine deep. When I said they still have not got the Mussel White right
yet I meant that the ones taking credit for it were not even there and
had actually wrote the whole project off just before the discovery was made.
Here is the REAL story as told to me by Keith Allen the Inco Foreman
who was there from the very start put the camp in and drilled the discovery
hole. I have since forgotten most of the names but I will be in contact
with Keith later this week and I will add the names in later. Two prospectors
in their 50's approached Inco to try and get some money but budgets were tight
however someone at Inco managed to talk the big six mining and exploration companies
to all put in $2000.00 each to fund the project and it went ahead as a group
effort. Each year the six would meet and look over the data collected
by the drilling teams and they would decide what to and who would stay in.
After several years of the project they had only proved up a some tonnage
ore body which ironically was found directly below the bush camp after
spending years drilling all around area. By this time only two companies remained
in the deal as the rest dropped out. As Inco who was still in the project
had been given low priority and had been passed down to the lower ranks
to deal with. When Keith Allen went in to get the new drilling and project
buget that year he was told this would be the last year and then the
project would be disolved because there would be no more money.
Towards the end of the job he got a radio phone call at the job instructing
him to call the office when he was down to the second last hole allowed
for by the budget. He called the night the second last hole was finishing up
and this guy (I will get his name later) said there was one area they had not
really given a fair look at and This guy changed the last hole assignment
and made the call for one drill hole about two miles away. They hit the ore body
,a big one two days later. This gentleman has never been given credit for the
discovery, was not included in the grand opening ceromony, and he still
works for Inco. The signed files cancelling the project disappeared
when word got back and you would not beleive how long the list of names is on
the discovery credit list for this one. People who were not even on site
, directers, Inco officals, and geologists. Sorry one guy made the call
after all the rest wrote it off even before the job was completed that year.
This is the real story and a few people know it. How do I know, Keith Allen
is my Father and I was nine years old and in the camp when they moved the drill
and made the first discovery of the small ore below the camp. I drill and stake with
my father now in the summers for the past 11 years. I have been drilling the Rainy
River project now for 3 years. This is no BRE-X we and Nuinsco have done
everything by the books and we have 56 miles of skeleton core to prove it.
The nickle zone is spectacular to see and as my dad says in his 30 plus
years of drilling he has never seen ore look better than Sudburys deposit
except here. When we hit it Nuinsco only assayed for Au, Cu, Zn, Ag. It
was my dad who said you should assay for Ni and PGE's. Nuinsco did not
know what they had till the assays came back and the were higher grades
than the Sudbury deposit. The nickle has been difficult to trace to source because
unlike almost all Ni deposits which have a structure like a sheet this one is like a tube
or enbayment and has been hard to trace. The belief is we are onto something big
and that more discoveries are to made in this area. But till we find then it is all
speculation on our part based on what we have seen so far. We think the deposit
both the gold and the nickle could repeat itself in severeal deposits. To prove this
we must find them. There are several towns in Ontario where you have several
mines side by side (Timmins, Sudbury, Dryden to name some) where deposits
occur over many miles. Nuinsco has only really looked at 2-5% of their land holdings
in Rainy River and most of it could be Moose Pasture as we call it but
till we look no one knows. The drilling and RC (to give some credit) has found a lot
of gold and gold indications. I think Nuinsco has got a big one here but that is
MY OPINION and until we PROVE IT the stock players are playing on
speculations based on the data we have produced. As an aside Barrick came to our site
for a tour and were allowed to take samples of their choosing from our core racks. They
took several samples and all came back with gold numbers Higher then ours taken in the
same sections. They were very impressed by the set-up and how the job
was being handled. There is no scam being run here gentleman I beleive the biggest
problem facing NWI is LACK OF PR on their part. I hope we get some luck this summer
and this BRE-X thing just goes away. I leave the investing up to you guys but I will answer
any specific questions you might have about the project on this posting. I would watch AVL
Avalon Ventures on the VSE they are starting to drill the Seperation Lake area property and
it looks to be pretty good, 78 cent stock.
Red-5 (Six Discoveries and Counting)
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