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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Rocket Red who wrote (115)	1/21/1999 8:18:00 PM
From: Buckey	Read Replies (1) of 5821

RED - This is from the insider report on Stockhouse Nuinsco Resources [NWI:TSE] -- The Next Big Deposit? Could Nuinsco be the next junior resource company to hit it big? Well the market is sure betting it will be after it announced intersecting a 175 meter section of favorable rock hosting disseminated and massive sulphide mineralization. Because drilling on NWI's property in northwestern Quebec just got underway, complete assays are not yet available, but a 3.2-meter massive sulphide section at the base of the hole ran 10.8% nickel, and a longer 37-meter section contained 2.5% nickel. Based on previous drilling in early 1998, it is expected the area could also host copper and cobalt mineralization. Nothing sure here, especially after today's 180% gain to $2.11, but it is good see resource-sector investors are again willing to listen to a good set of results. This one may be worth keeping an eye on.

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