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Nuinsco Announces Solid Lithium, Tantalum and Rubidium Grades from Sampling Conducted on the Zig Zag Lake Critical Minerals Property
(TheNewswire) Toronto – TheNewswire - November 16, 2021 - Nuin...
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Nuinsco Announces Solid Lithium, Tantalum and Rubidium Grades from Sampling Conducted on the Zig Zag Lake Critical Minerals Property \n \n \n (TheNewswire)\n \n \n \n \n \n \n Toronto –\n \n \n TheNewswire -\n \n \n November 16, 2021 -\n \n \n Nuinsco Resources Limited (“\n \n \n Nuinsco\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(C\n \n \n NSX\n \n \n :NWI.\n \n \n CN) (OTC:NWIFF)\n \n \n www.nuinsco.ca) today\nannounced that recent sampling on the Company’s Zig Zag Lake\ncritical minerals property the “\n \n \n Property\n \n \n ”) has\nreturned very strongly anomalous lithium, tantalum, and rubidium\nanalyses peaking at 3.55% Li\n \n \n 2\n \n \n O,\n \n \n \n \n 836\nppm\n \n \n Ta\n \n \n 2\n \n \n O\n \n \n 5\n \n \n , and 4,003 ppm\nRb\n \n \n 2\n \n \n O within a pegmatite\nintrusion that is known to be at least 800m in length and fully\nencompassed by the Nuinsco Property\n \n \n .  The\nProperty is located approximately 68 kilometres east-northeast of\nArmstrong, Ontario.\n \n \n \n \n The worldwide shift toward greener and cleaner\neconomies has resulted in upward pressure on the price of many\ncritical minerals: over the past year the lithium price has increased\nfrom circa $6/kg to its present price of circa $29/kg (lithium\ncarbonate, battery grade) while the tantalum price has roughly doubled\nto circa $175/kg (tantalite, minimum 25% Ta\n \n \n 2\n \n \n O\n \n \n 5\n \n \n ).  Rubidium (rubidium carbonate) is currently priced at\ncirca $1,000/kg.\n \n \n \n \n “During a recent site-visit to the Property the trend\nof the host-pegmatite was traversed for approximately 600m of strike.\nDiscontinuous, exposed, coarse-grained, spodumene-bearing pegmatite\noutcrops were encountered, and grab samples were collected at a number\nof locations along 160m of strike, resulting in widespread lithium,\ntantalum, and rubidium analyses of significant interest,” said Paul\nJones, CEO. “The results confirm that the Property hosts an\nextensive domain of critical metals mineralization.   These\nencouraging initial exploration results show that Zig Zag Lake\npresents a remarkable exploration opportunity that, in combination\nwith the on-going positive REE-niobium-tantalum-phosphate results from\nthe Company’s 100% owned Prairie Lak...