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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: donkeyman who wrote (1011)2/23/1999 1:55:00 PM
From: Tom Cat  Read Replies (1) of 5821
 
donkeyman,
Some old news, another one on the band wagon.
Cdn Resources & PennyMines Analyst says buy Nuinsco

Nuinsco Resources Limited NWI
Shares issued 40,440,366 Feb 22 close $2.71
Tue 23 Feb 99 In the News
In the January issue, Canadian Resources & PennyMines Analyst says Nuinsco
($2.18) is a buy. The company has released partial assay results from
diamond drill hole No. LR-99-1, on its 100-per-cent-owned property, 120
kilometres northeast of Mattagami near Lac Rocher, Quebec. The drill hole
intersected 175.7 metres of a gabbroic intrusion hosting disseminated and
massive sulphide mineralization. A 3.2 m massive sulphide section ran 10.8
per cent Ni. The lower 19 m assayed 3.68 per cent Ni within a 37 m section
of 2.47 per cent. The 19 m section contains significant, but lower grade
copper mineralization (1 per cent). While the Analyst says there are lots
of unknowns and hence risk, the discovery hole provides enough data to
imply the possibility of huge tonnage and enough evidence for First
Marathon to enter into a bought deal financing for up to $10-million. For
those who can not go up and stake their own land, the Analyst says buy
Nuinsco. This is the newsletter's first mention of Nuinsco since Stockwatch
coverage began in 1994.
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