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Nuinsco Commences Diamond Drilling at Sunbeam Gold Property Near Atikokan
TORONTO, ON / ACCESSWIRE / February 6, 2020 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that it has commenced diamond dri
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / February 6, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that it has commenced diamond drilling at the Sunbeam gold property near Atikokan in northwestern Ontario. The drilling follows up on recent exploration by Nuinsco, including sampling which returned analyses as high as 122g/t gold (refer to Nuinsco media release dated 21 March 2019). An induced polarization survey commissioned by Nuinsco identified 16 resistivity and/or chargeability sources near the Sunbeam Mine, some of which will be drilled as part of the current program. Mineralization at the Sunbeam Mine consists of disseminated sulphide and native gold in quartz veins within a shear zone of approximately 30m width. The Sunbeam gold property consists of 101 claims in northwestern Ontario located 27km northeast of the town of Atikokan and 15km southeast of Agnico Eagle's Hammond Reef gold deposit. It is accessible via well maintained logging roads from Hwy 11. P.L. Jones, P. Geol., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this press release regarding the Sunbeam project. About Nuinsco Resources Limited Nuinsco Resources has over 45 years of exploration suc­cess and is a growth oriented, multi-commodity mineral explora­tion and development company focused on prospective oppor­tunities in Canada and internationally. Currently the Company has two properties in Ontario - the high-grade Sunbeam gold property near Atikokan and the large, multi-commodity (rare-earths, niobi­um, tantalum, phosphorus) Prairie Lake project near Terrace Bay. In addition, Nuinsco has recently completed an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt - a project with the potential to provide near-term revenue. Forward-Looking Statements This news release contains certain \"forward-looking statements.\" All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as \"seek,\" \"anticipate,\" \"believe,\" \"plan,\" \"estimate, \"expect,\" and \"intend\" and ...