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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: CJones who wrote (975)	2/21/1999 1:53:00 AM
From: John E.Quinn	Read Replies (1) of 5821

Hi CJ, Nuinsco started drilling the Lac Rocher in March/98 after acquiring original claims from two prospectors ( PR 03/31/98 ).Without having to spend much money results received from early drilling convinced them to stake additional claims.While securing their land position in the area plans were initiated to do a rights offering to raise money for the next stage of drilling (completed 12/16/98 ).So they had 1.1 M when they started drilling in January. Nuinsco had no trouble getting another 10 M committment after announcing the results of the 'discovery hole'. I still believe the drill/s on site should be operating now and could be driven out of the bush after the floats drop off the larger units. Regards : John P.S. Yes,the book sure is a good read.

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