Morning Betty: STOCKHOUSE FRONT PAGE ARTICLE
Nuinsco Resources to Announce New Results from Lac Rocher
Vancouver, BC., March 29th /SHfn/ -- Nuinsco Resources, the Toronto-based junior miner will announce today their
much anticipated assay results from its Lac Rocher property in Northwestern Quebec.
Investors pounded the stock last week, knocking the stock's value by 30% even though the company brought out no new
information. On March 17th, Nuinsco released partial results from the Lac Rocher property but as Thomson Kernaghan
Analyst Ron Coll explained at the time, "they need to put down a lot more holes to see more complete results." In an analyst
report on the Lac Rocher property, published by Coll, his reference to the site sets the stage for today's results. "We believe
that the Lac Rocher property has the potential to become the most significant base metal discovery in the province of Quebec
since the 1989 discovery of Louvicourt by Aur Resources." Nuinsco representative, Nick Kohlmann admits that the company
has drilled "several" more holes and that two rigs have been running 24 hour shifts for the past two weeks. "We may see some
very good ones," says Coll in reference to the hole-results expected today. While Coll admits Nuinsco is still a speculative buy,
he understands the market reaction to last weeks share drop, "the market is expecting to go home with a double."
Nuinsco Resources Limited is an exploration and development company with a project in northwestern Ontario (Rainy River)
as well as the Lac Rocher property. Shares in Nuinsco are down slightly from yesterdays close at $1.90 to sit at $1.74 |
