NUINSCO REPORTS STATUS OF EXPLORATION IN PROGRASS AT LAC ROCHER
Nuinsco Resources Ltd. today reported results from its current
exploration program on its 100% owned 438 claim group at Lac
Rocher in northern Quebec.
"We are encouraged by the drilling results which indicate the
presence of more massive sulphides," said Nuinsco President Doug
Hume. "We are seeing a significant intrusion carrying abundant
sulphides trending south from our discovery area around Hole
99-01 which yielded high grade nickel-copper mineralization.."
The emerging geological picture presents a funnel-shaped,
compositionally zoned intrusion having a pyroxenite/peridotite
core and outer hybrid envelope; the intrusion plunges to the
southwest. Efforts to trace sulphide mineralization from the
surface exposure to a root feeder zone at depth have been
complicated by faulting, previously reported, that truncates the
massive sulphide mineralization near Line 10+50N. However,
nickel-bearing disseminated sulphides have been obtained
throughout the intrusion south of the fault zone.
To gain an understanding of the geology of the intrusive
structure and controls of the distribution of the nickel-copper
mineralization, a number of relatively shallow geological fences
were drilled along the structure. All holes within the magnetic
bullseye defining the intrusion encountered mafic and ultra mafic
rocks carrying zones of disseminated sulphide mineralization, in
some cases 30-40 metres thick.
The following table provides the results of 20 holes, from 99-10
through to 99-28 inclusive, with the most recent holes, 99-29 to
99-35 awaiting assays.
Hole No. Location Inclin. (deg) Azim. (deg) Depth (m)
99-10 10+50N, -90 Vert. 209.0
1+50W
99-11 11+50N, -90 Vert. 113.0
1+75W
99-12 10+50N, -90 Vert. 217.0
1+25W
99-13 10+00N, -80 225 247.0
0+50W
99-14 10+50N, -90 Vert. 34.0
0+75W
99-15 10+50N, -90 Vert. 230.0
0+74W
99-16 10+00N, -50 45 149.0
0+50W
99-17 10+00N, -50 225 342.0
0+55W
99-18 10+00N, -85 225 218.0
2+50W
99-19 8+00N, -55 225 107.4
5+50W
99-20 3+50N, -65 225 220.0
1+75E
99-21 10+00N, -85 225 248.0
1+65W
99-22 3+50N, -50 225 200.0
1+00E
99-23 9+00N, -50 225 378.0
0+75W
99-24 5+00N, -50 225 320.0
0+25E
99-25 5+00N, -80 45 415.6
1+75W
99-26 9+00N -50 45 263.0
0+26E
99-27 14+00N, -50 45 161.0
5+75W
99-28 4+00N, -50 45 201.0
1+50E
99-29 5+00N, -85 45 478.0
3+50W
99-30 2+00N, -50 45 101.0
1+50E
99-31 7+00N, -85 45 320.0
2+75W
99-32 5+00N, -85 45
6+00W
99-33 3+50N, -85 45
2+00W
99-34 10+00N, -85 225
1+25W
99-35 7+00N, -85 45
4+50W
Continued
Hole No. Geology Results
99-10 Weakly sulphide mineralized Anomalous Ni values
pyroxenite & gabbro
99-11 Sulphide mineralized pyroxenite, 48.25m grading
up to 15% disseminated sulphide 0.27%Cu, 0.65% Ni
99-12 Weakly sulphide mineralized Anomalous Ni values
pyroxenite & gabbro
99-13 Weakly sulphide mineralized Anomalous Ni values
pyroxenite & gabbro
99-14 Stopped in fault at 34 metres No samples
99-15 Unmineralized and weakly Anomalous Ni values
mineralized pyroxenite
99-16 Sulphide mineralized pyroxenite Anomalous Ni values
99-17 Weakly sulphide mineralized Anomalous Ni values
pyroxenite & gabbro
99-18 Unmineralized and weakly No significant values
mineralized gabbro
99-19 Unmineralized paragneiss No significant values
99-20 Weakly sulphide mineralized
pyroxenite & gabbro Discontinuous anomalous
Ni values
99-21 Weakly sulphide mineralized
pyroxenite & gabbro Anomalous Ni values
99-22 Weakly sulphide mineralized
pyroxenite & gabbro Discontinuous anomalous
Ni values
99-23 Weakly sulphide mineralized
pyroxenite & gabbro Anomalous Ni values
99-24 Weakly sulphide mineralized
pyroxenite & gabbro Anomalous Ni values
99-25 Weakly sulphide mineralized
pyroxenite & gabbro Anomalous Ni values
99-26 Weakly mineralized
pyroxenite & peridotite Anomalous Ni values
99-27 Unmineralized paragneiss No significant values
99-28 Weakly mineralized
pyroxenite and peridotite Anomalous Ni values
99-29 Weakly sulphide mineralized
pyroxenite & gabbro Results pending
99-30 Unmineralized paragneiss No significant values
99-31 Weakly sulphide mineralized
pyroxenite & gabbro Results pending
99-32 Weakly sulphide mineralized
pyroxenite & gabbro Results pending
99-33 Results pending
99-34 Results pending
99-35 Results pending
Notes:
Unmineralized: Dominantly trace to 1% sulphides, generally
disseminated sulphide, locally more abundant.
Weakly mineralized: Dominantly one to 5% sulphides, generally
disseminated sulphide, locally more abundant.
Anomalous Ni Values:Typically a wide distribution of values
ranging from <0.05% Ni to >0.5%Ni, and
dominantly falling between these two values.
Grids have been cut on three outlying aeromagnetic anomalies.
Ground magnetic and EM surveys have been completed on these
targets, and additional drill targets have been outlined. The
objectives of the ongoing exploration program are to i) continue
to track the disseminated sulphide mineralization to a central
feeder area at depth and ii) appraise key portions of the
property for other mineralized gabbroic intrusions likely to
yield analogous nickel-copper deposits.
Additional claims covering highly prospective ground have been
acquired, as previously announced, for a total of 438 claims
aggregating over 7,000 hectares. A helicopter-borne, time-domain
geophysical survey is in progress covering all the Company''s land
position. A light diamond drill has been moved onto the site and
with helicopter support has started testing the outlying
targets.
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)#82-1846.
-30-
FOR FURTHER 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
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