Business
Nuinsco Resources Continues to Evaluate Drill Targets at the Sunbeam Gold Project
TORONTO, ON / ACCESSWIRE / August 4, 2020 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that continued review of data from
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / August 4, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that continued review of data from the Sunbeam Gold Project (the \"Project\") further emphasizes the abundance and quality of targets identified to date on the Project. In particular a review of historic data from the Sunbeam Mine combined with geophysical data obtained from a recently-completed, Company-commissioned, survey indicates very good target potential down-dip from the historic mine workings and mineralization. \"The Company's ongoing project evaluation makes clear the target potential at the Sunbeam Project,\" said Paul Jones, CEO. \"The high gold grades reported in historic records from the workings in the Sunbeam Mine, the reported presence of high-grade mineralization in the deepest historic workings, and the recently identified, down-dip, IP geophysical targets all provide good indication of depth extension to the known mineralization. When viewed in the context of the 15 km of gold mineralized trends traversing the Project and the ten known gold occurrences, the Company believes that further exploration is certainly warranted on a number of prospective targets.\" The longitudinal section above is oriented northeast-southwest, inclined at 50° to the northwest and viewed looking southeast. The contour interval depicted on the longitudinal section is 0.1 oz/ton gold (3.11 g/t gold). The distribution of contours depicting elevated gold grade in the historic workings indicates that the mine workings did not extend to the full extents of the gold mineralization in the zone and potential exists for extension down-dip and along strike. The presence of gold mineralization elsewhere on the same trend and on sub-parallel trends traversing the Project provide additional prospective exploration targets (refer to Nuinsco media release dated July 27, 2020). The historic data from the Sunbeam Mine was obtained from a longitudinal section, dated 1903, recording the gold grades returned from systematic underground sampling of the mine workings (no qualified person, as defined by NI 43-101, has conducted sufficient verification to treat the reported grades as other than historic grades). Recent sampling by Company geologists of mine waste dump material at surface and debris in the Sunbeam mine-shaft have...