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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?

To: BLZBub who wrote (5786)	8/2/2002 2:40:58 PM
From: Jake V.	Read Replies (1) \| Respond to of 5821

Finally,some new activities....current samples to be cut and processed by mid Sept. nuinsco.ca Searching for Tantalum at....... Prairie Lake, Ontario Exploration News on Prairie Lake Carbonatite Complex Nuinsco holds a 100% interest in this property subject to a 2% royalty (with a buy-back provision) to Stephen and Michael Stares, Thunder Bay. The claim-group is located in northwestern Ontario approximately 45km northwest of Marathon. Access is via logging roads that provide direct vehicle entry to the property. The Prairie Lake Carbonatite complex is a late-Proterozoic pipe-like intrusion covering an area of approximately 1,250 acres. It is topographically expressed by a circular hill surrounded by low-lying marshy ground. Past surface sampling by Nuinsco (who conducted exploration on the Complex over 20 years ago) identified the presence of significant niobium, phosphate and wollastonite mineralization. At the time, it was noted that the niobium ore mineral (pyrochlore) carried a tantalum (Ta) content of up to 2.13 wt % but the significance of this strategic metal had not been fully developed in the 1970s. Today - tantalum is an essential, as well as strategic metal that is a key component in the global electronics and aerospace industry. It is a unique metal that transmits electricity several times faster than copper with a market that has grown by 10% a year for the past decade. Tantalum supply is becoming inadequate and significant new mining sources must be found by 2005 or serious price-supply problems will be likely. In March 2001, a study of available core samples was commenced at Carleton University. The presence at Prairie Lake of high tantalum values from pyrochlore was confirmed. Values - as high as 10 wt % Ta, are present in pyrochlore; and a range of 4-10 wt % was observed. These values are significantly higher than the earlier surveys indicated and some of the highest values ever recorded in a carbonatite host. A major exploration effort will be carried out to determine zones of high pyrochore content. Surface sampling across the Complex located samples which assayed up to 1.61% Nb205 (niobium) and 9.54% P205 (phosphate). A limited amount of drilling in one area returned values of 0.5%-0.7% Nb205 and 3.6%-6.8% P205 over core intervals of 9 to 15 metres. Because of this past work it is expected that significant zones of pyrochlore will be found. In fact, Dr. Mariano, a noted researcher in alkalic complexes has said “Prairie Lake has the potential of being an open-pit operation for niobium, tantalum, uranium and apatite. Based on my studies for various clients on carbonatites over the past 34 years I would place Prairie Lake as the best niobium resource in North America. As the tantalum potential is dependent upon the size of the niobium resource, the Company believes that Prairie Lake may well host a significant resource of tantalum. Exploration for tantalum will be facilitated by the recently acquired knowledge that Ta is concentrated in rocks with a significant magnetic signature.There are indications of such zones within the Complex. In addition to Prairie Lake’s metallic content, wide intercepts of 10 to 60 metres containing 10%-20% wollastonite have been mapped. As well, outcropping of massive wollastonite veins have been discovered by Ontario Geological Survey geologists. To date, exploration on the Prairie Lake property has centred on the search for the two strategic metals, uranium and niobium, and peripherally for the industrial minerals apatite and wollastonite. The observation that tantalum occurs in pyrochlore mineralization, believed to be widely present in the complex, significantly adds to the economic potential of the property. Much of the complex has received only cursory examination and is essentially untested while diamond drilling has only been conducted in a few locations to shallow depths. The Complex has the potential to produce tantalum, niobium, uranium, apatite, wollastonite and high grade calcite from open pit operations. Exploration is planned for Summer 2002, with a focus on tantalum.

To: BLZBub who wrote (5786)	9/6/2002 1:31:26 AM
From: Jake V.	Read Replies (1) \| Respond to of 5821

Nuinsco Resources Ltd NWI Shares issued 54,266,740 Sep 4 2002 close $ 0.20 Wednesday September 4 2002 News Release Mr. Douglas Hume reports NUINSCO COMMENCES HIGH-GRADE TANTALUM EXPLORATION AT PRAIRIE ... An exploration program has been launched seeking high-grade tantalum at Nuinsco's Prairie Lake property, located about 35 miles northwest of Marathon, Ont. This work is based on research studies conducted recently at Carleton University, Ottawa. (For fuller details see Stockwatch May 28.) Results of the Carleton studies proved to be quite remarkable. Rock types from the southwest quadrant of the complex carried 8 per cent to 10 per cent Ta2O5 (by weight) in pyrochlore, values much higher than previously thought to exist. Pyrochlore can host both tantalum and niobium mineralization. Favourable results from this program can be expected to lead to a more comprehensive exploration program to evaluate the economic potential of the entire 1,250-acre complex. The Prairie Lake complex is known to host important marketable metals such as tantalum, niobium and uranium as well as byproduct industrial minerals apatite, wollastonite and high-grade calcium carbonate. Tantalum, potentially the most valuable mineral targeted in the current exploration effort, is used in many electronic devices such as cellphones, computers and in a variety of aerospace applications. Tracked mechanical equipment is being assembled for trenching and stripping and will be on the ground within a few days. The known mineralization is exposed at surface and could be amenable to open-pit or quarry-style mining. Frank Crothers, the company's largest shareholder, was granted and agreed to exercise incentive stock options to purchase 600,000 treasury shares at 18.5 cents per share to provide financing for the current Prairie Lake work program. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com