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

To: Just G who wrote (3299)	4/19/1999 9:41:00 AM
From: Marek	Read Replies (2) \| Respond to of 5821

Nuinsco Resources Limited - Nuinsco doubles property package at Lac Rocher Nuinsco Resources Limited NWI Shares issued 40,440,366 1999-04-16 close $1.15 Monday Apr 19 1999 Mr. Douglas Hume reports The company has signed an agreement of purchase and sale with Quebec prospectors Pierre Gervais, Edouard Chartre and Gilles Chouinard to acquire the prospectors' interests in an additional 235 mineral claims adjoining the company's existing claim group at Lac Rocher. This new mining claim acquisition increases the company's land holdings to 438 from 203 claims, for a total of about 7,009 hectares (17,316 acres). The agreement is subject to approval. Consideration for the claim purchase is approximately $60,000 in cash plus 100,000 treasury shares of the company for a 100 per cent interest in the claims, subject to the same royalty interest of 50 cents per ton for all minerals mined and milled. These new properties will be incorporated in the original exploration agreement completed in February 1998, with the same prospectors. Parts of the new acquisition were reserved for staking following the company's 1998 diamond drilling program. Permission to stake was required from Quebec Hydro and other Quebec regulatory authorities, accounting for the delay in concluding the transaction. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: Just G who wrote (3299)	4/19/1999 9:48:00 AM
From: Midas	Read Replies (3) \| Respond to of 5821

gopherbroke: A press release has already been issued this morning concerning the doubling of Nuinsco's land position (see below). I also called the company to see what else is up. I was told by the IR that there would be another press release by the middle of the week with the drill results. He indicated that the zone is still open and that they are following a mineralized trend. The drilling pattern has shifted from going southeast to a more westerly direction so that the overall drill hole pattern now looks hook-shaped. Holes are now being drilled to a depth of 3-400 m. Midas NUINSCO DOUBLES PROPERTY PACKAGE AT LAC ROCHER TORONTO, ONTARIO-- Nuinsco Resources Ltd. announced today that it has signed an agreement of purchase and sale with Quebec prospectors Pierre Gervais, Edouard Chartre and Gilles Chouinard to acquire the prospectors' interests in an additional 235 mineral claims adjoining the Company's existing claim group at Lac Rocher. This new mining claim acquisition increases the Company's land holdings to 438 from 203 claims, for a total of about 7,009 hectares (17,316 acres). The agreement is subject to regulatory approval. Consideration for the claim purchase is approximately $60,000 in cash plus 100,000 treasury shares of Nuinsco for a 100% interest in the claims, subject to the same royalty interest of $0.50 per ton for all minerals mined and milled. These new properties will be incorporated in the original exploration agreement completed in February 1998, with the same prospectors. Parts of the new acquisition were reserved for staking following the Company's 1998 diamond drilling program. Permission to stake was required from Quebec Hydro and other Quebec regulatory authorities, accounting for the delay in concluding the transaction. 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. -30-