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Nuinsco Evaluates Further Exploration at the Zig Zag Lake Lithium, Tantalum, Rubidium, Critical Minerals Property Considering New Historic High Lithium Prices
(TheNewswire) Toronto – TheNewswire - February 9, 2022 ...
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Nuinsco Evaluates Further Exploration at the Zig Zag Lake Lithium, Tantalum, Rubidium, Critical Minerals Property Considering New Historic High Lithium Prices\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Toronto –\n \n \n TheNewswire -\n \n \n February 9, 2022\n \n \n –\nNuinsco Resources Limited (“\n \n \n Nuinsco\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(CSE:NWI\n \n \n )\n \n \n ,\n \n \n (CNSX:NWI.CN),\n \n \n (OTC:NWIFF),\n \n \n www.nuinsco.ca today announced that following the successful\ninitial sampling conducted in the autumn of 2021 on the Zig Zag Lake\ncritical minerals property (the “\n \n \n Property\n \n \n ”) located\napproximately 68 kilometres east-northeast of Armstrong, Ontario (see\nnews release dated 16 November, 2021) it is examining next steps to\nevaluate this prospective project.\n \n \n \n \n The incentive to expand exploration is the anticipated\ndramatic increase in global demand for lithium, reflected in the\ncurrent historically high price of lithium – now trading at\napproximately $59/kg for battery grade lithium carbonate\n(Li\n \n \n 2\n \n \n CO\n \n \n 3\n \n \n ) –\n \n \n a near nine-fold price increase since the\nbeginning of 2021\n \n \n .  To add to the significance\nof the project widespread tantalum and rubidium mineralization also\noccurs on the Property.\n \n \n \n \n “Zig Zag Lake has over 800m of known strike. Our\ninitial sampling program covered numerous locations along only 160m of\nthat known strike length and resulted in the collection of widespread\nsamples assaying for lithium as well as other critical minerals,”\nsaid Paul Jones, CEO. “Zig Zag lake was optioned by Nuinsco as a\ncompliment to the Company’s 100%-owned Prairie Lake project to\nbroaden Nuinsco’s presence in the critical minerals sector. The\ninitial sampling program is indicative of an extensive domain of\ncritical minerals mineralization and the Company is now in the process\nof determining next phase of exploration of this prospective lithium\nand critical minerals property.”\n \n \n \n \n Approximately two-thirds of global lithium production\nis used to power electric and plug-in hybrid vehicles; by 2025 sales\nof these are projected to quadruple from current levels – t...