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Nuinsco Resources Commences Field Exploration at Paradise Lake Gold Project
Toronto – TheNewswire - May 19, 2026 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI, FRA: NJX) today announced it has begun field
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Toronto – TheNewswire - May 19, 2026 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI, FRA: NJX) today announced it has begun field exploration at the Paradise Lake gold project (“Paradise Lake” or the “Project”) in central Newfoundland. “As previously reported in our news release of May 6, 2026, the Company’s review of historic work and results has produced very compelling indications of an extensive mineralizing event having affected the rocks underlying the Project, which we believe has excellent potential for exploration success,” said Paul Jones, Nuinsco’s CEO. “A field crew will be on-site within the next week to evaluate the approximately 10 km of known gold-anomalous trend encompassed by the Project claims.” Initial field work will build upon historic exploration results to develop drill targets as quickly as practical, and will consist of geological mapping, sampling, a drone magnetic survey and a ground induced polarization survey. A trenching program is contemplated for summer to expand on the minimal natural outcrop available. As illustrated on the accompanying map, widespread significantly anomalous gold geochemistry extends for approximately 10 km across much of this underexplored claim group. This indicates a mineralizing event of sufficient magnitude to have affected a large volume of rock. Samples were obtained from limited available outcrop (estimated to comprise approximately 1% of the Project area) and from angular rock fragments (float), consisting predominantly of quartz veining and quartz-breccia, with subordinate altered host rock. Even with limited surface exposure, an extensive and attractive geochemical target domain is evident. Sample analyses peak at 144.7 g/t gold (obtained from a float sample), with numerous, very anomalous, samples exceeding 100 ppb gold (from outcrop and float). This anomalous corridor coincides with regionally extensive deformation associated with the demonstrably productive central Newfoundland gold belt, which hosts several deposits and numerous sites of significant mineralization. Located within the prolifically mineralized Central Newfoundland gold district, the Project is underlain by the same structures associated with much of the gold mineralization in central Newfoundland, including Equinox Gold’s Valentine Lake gold deposit, Newfoundgold’s Queensway go...