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Nuinsco Resources Enters into Contract to Commence Diamond Drilling at the Sunbeam High Grade Gold Project
TORONTO, ON / ACCESSWIRE / April 12, 2021 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) (www.nuinsco.ca) today announced it has entered int
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / April 12, 2021 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) (www.nuinsco.ca) today announced it has entered into a contract to conduct diamond drilling on its Sunbeam Gold property (\"Sunbeam\" or the \"Property\") near Atikokan in north-western Ontario. The objective of the planned drilling will be to evaluate geological and geophysical targets identified along the gold-mineralized Sunbeam-Roy trends that traverse the entire width of the Property. Given the known distribution and grade of gold mineralization along the Sunbeam-Roy trends the targets are high priority objectives and remain to be thoroughly evaluated in exploration programs. Drilling will be directed to test for extension to the gold mineralized domains exploited in the Sunbeam Mine between 1898 and 1905. Historical records from the mining operation refer to high-grade gold tenor averaging ~13g/t gold with no indication that the mineralization is cut-off or is diminishing below the lowermost level of the old mine workings. Elsewhere the drilling will test responses obtained from the recent geophysical surveys conducted on the project where chargeability and resistivity responses are associated with known gold mineralization at the Road Zone, and on strike from the Sunbeam and AL198 mineralization. The drilling program will commence as soon as practical this spring given the current restrictions related to the Covid 19 pandemic. \"The commencement of diamond drilling at Sunbeam this spring is a substantial step forward in evaluating the Sunbeam Project and will provide greater insight into the controls on gold mineralization in an area of known gold endowment,\" said Paul Jones, CEO. \"High-grade gold targets abound on the Project and historic geophysics and drilling has been limited. The target area associated with the Sunbeam Mine mineralization is very high priority and we are very enthusiastic about the positive results of our recent geophysical surveys that have identified domains of high-priority target areas along 2900m of discontinuously mineralized strike length in the Sunbeam-Roy trends.\" The Sunbeam Gold Property encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a n...