Nuinsco Drills Extensive Critical Element Intersection at Prairie Lake Project
Terrace Bay, Ontario -- November 24, 2021 -- NewsGenie -- Nuinsco Resources Limited (CNSX:NWI.CN) (OTC:NWIFF) has announced a significant intersection of critical elements and phosphate mineralization at its Prairie Lake project. The infill drill core sampling program yielded a 495-meter continuous intersection in diamond drill hole NP0810, starting just 2 meters downhole.
The intersection in DDH NP0810 includes rare earth elements, niobium, tantalum, and phosphate. Mineralization extends to 480m vertically, consistent with other drill holes up to one kilometer away. The location is north of the Southwest Area, where similar intersections have been reported. Several critical elements within the intersection show potential economic interest, demonstrating the continuity of mineralization throughout the Prairie Lake complex.
Nuinsco\u2019s CEO, Paul Jones, noted that the results reinforce the understanding of the extensive endowment of Critical Elements and phosphate mineralization in the Prairie Lake complex rocks and the implications for economic potential. He added that Prairie Lake is a vast repository of these Critical Elements of economic interest with superb logistical attributes. The price of neodymium has increased from circa US$60/kg to circa $140/kg between August 2020 and the present (source: kitco.com).
Analytical results from the 495 m of continuous mineralization (from 2-497m) include niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd), praseodymium (Pr), yttrium (Y), and scandium (Sc). DDH NP0810 was collared to evaluate the mineralization at Jim\u2019s Showing, located near the centre of the Prairie Lake complex and treated as a distinct mineralized domain within the Prairie Lake Exploration Target
The Prairie Lake complex hosts a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan within a very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already established.
The Project consists of 46 mineral claims covering an area of ~630 ha. Prairie Lake is superbly located, easily accessed by an all-weather road from the TransCanada Highway located 28 km to the south. The ET is defined by 59 diamond drill holes.
Laura Giroux, P.Geo, Chief Geologist, acts as Nuinsco's Qualified Person under National Instrument 43-101.
Nuinsco Resources has over 50 years of exploration success and is focused on prospective opportunities in Canada and internationally.