News Release: Jan 20
NUINSCO HITS SULPHIDES AT LAC ROCHER QUEBEC
TORONTO, ONTARIO--
Nuinsco announced today that diamond drill hole #99-1, on the
Company's 100% owned property near Lac Rocher, NW Quebec, has
intersected a significant interval of massive sulphide
mineralization at the base of a disseminated nickel/copper
sulphide zone.
The drill hole intersected an elliptical, layered mafic intrusive
structure over a total core length of approximately 250 feet. The
Company's consulting geologist reports mineralization occurs as
disseminated sulphides, ranging from 5% to 100% with sub-massive
and sections of massive sulphides. Splitting and logging of hole
LR 99-1 is underway and assays will be made public as soon as
they are available. From previous drilling of the target zone
early in 1998, marketable minerals expected in the hole are
comprised principally of nickel, copper and cobalt.
The Lac Rocher property is located about 120 km northeast of
Mattagami, Quebec. The current drill program is designed to
assess two ground electro-magnetic anomalies identified early in
1998. In 1998, a diamond drilling program tested a ground IP
anomaly, 50 meters north of the current hole producing long
widths of disseminated sulphides carrying sub-ore grade
nickel-copper mineralization. The current drilling suggests
mineralization is improving considerably to the south and to
depth.
The diamond drill is testing the second unrelated geophysical
target half a kilometer away.
Nuinsco Resources Limited is an exploration and development
company with projects in northwestern Ontario (Rainy River) and
northwestern Quebec (Lac Rocher). Both properties are 100% owned
by Nuinsco. Shares of Nuinsco trade on the Toronto Stock
Exchange under the symbol NWI. U.S. S.E.C. exemption:
12g3-2(b)#82-1846.
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FOR FURTHER INFORMATION CONTACT:
H. DOUGLAS HUME, PRESIDENT: (416) 626-0470
CATHY HUME OR JON W. KIERAN, INVESTOR RELATIONS: (416) 868-1079
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