NUINSCO EXTENDS MASSIVE SULPHIDES AT LAC ROCHER
TORONTO, ON--
Nuinsco Resources Limited today announced assay results from Xral
Laboratories, an independent laboratory in Rouyn-Noranda,
confirming the thickness and continuity of the nickel and
copper-bearing massive sulphide mineralization identified in hole
#99-01 at the Company's Lac Rocher property. Results from the
initial two diamond drill holes of an extensive program are
summarized below.
Drill hole #98-09, drilled last year and stopped in a granite
dike, was deepened. It intersected 2.95 meters of semi-massive
sulphide grading 6.36% nickel and 0.46% copper. This hole
extends mineralization 50 metres up-plunge from drill hole
#99-01.
Hole #99-04, drilled vertically on the same section as hole
#99-01, intersected disseminated sulphides over 50 metres,
followed by 2.35 metres of massive sulphides grading 9.59% nickel
and improved grades of copper.
Drill hole# Location Angle Azimuth
(degrees) (degrees)
98-09 EXT. Line 11+50N at 0+60W -45 225
99-04 Line 11+00N at 1+40W -90 0
Drill hole# From To Length Cu Ni
(m) (m) (m) (%) (%)
98-09 EXT. 138.20 145.60 7.40 0.12 0.24
98-09 EXT. 145.60 148.55 2.95 0.46 6.36
99-04 66.45 117.00 50.55 0.31 0.76
99-04 117.00 119.35 2.35 1.59 9.59
99-04 119.35 128.35 9.00 0.31 0.92
94-04 128.35 143.00 14.65 granite dike
followed by
footwall gneiss
Cobalt and platinum group element assays pending
Douglas Hume, President of the Company, sidelined by a minor
medical condition, has fully recovered and is expected to return
to work later this week. Mr. Hume said "the extensive winter
drill program is up to speed with two rigs operating and a third
to follow. The objective of this work is to track these heavy
sulphides in search of the feeder system and a larger pool of
massive sulphides."
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)#821846.
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FOR INFORMATION PLEASE CONTACT:
H. Douglas Hume, President or
George Archibald, VP of Exploration
and Designated Qualified Person
Nuinsco Resources Limited
(416) 626-0470
Cathy Hume or Olav Svela
Hume, Kieran Inc., Investor Relations:
(416) 868-1079
(This release is available at www.nuinsco.ca) |
