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

To: Killick who wrote (2797)	4/1/1999 9:46:00 AM
From: Just G	Read Replies (1) \| Respond to of 5821

Killick: The National Post reports in its Wednesday, March 31, edition that Nuinsco Resources' promising nickel play in Northern Quebec delivered disappointing drill results yesterday. The National Post Keith Damsell writes that Goepel McDermid Securities analyst John Kilburn says the Lac Rocher-area play has been dealt a serious blow by these results. Nuinsco's stock price dropped 0.42 cents to $1.32 in heavy trading. Speculation that Nuinsco had discovered a massive nickel deposit sent its shares climbing to $3.26 last month. The company's Jan. 21 discovery hole intersected one 3.2-metre section that graded an impressive 10.8 per cent nickel, the finest nickel drill results since the Voicey's Bay nickel discovery in 1994. The ensuing hype prompted more Majors like Falconbridge and Noranda got into the act too, signing $2-million in Lac Rocher exploration deals with Donner Minerals. The detailed assay results indicate that success at Lac Rocher might be elusive.