Nuinsco Resources Expanding Geological Coverage at Prairie Lake Critical Minerals Project

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[{"type":"text","content":"Toronto – TheNewswire - September 13, 2023 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE:NWI) today announced that additional geological mapping and sampling is being conducted at its Prairie Lake Critical Minerals and phosphate project located near Terrace Bay, Ontario (“Prairie Lake” or the “Project”).  The field work is focussing on the northern part of the Prairie Lake Complex; an area that has seen little past exploration. The area is north of the domains hosting the very significant mineral resource estimate (“MRE”), as reported on 31 May 2022 and tabulated below, currently comprising nearly 890Mt of identified Critical Minerals endowment. The deposit has amongst the world’s highest known light rare earth element (“LREE”) content in apatite and contains other REE bearing minerals including monazite, bastnaesite, carbocernaite/ burbankite, and ancylite, as well as niobium-bearing pyrochlore. “The extension of coverage outside the MRE is an important step in addition to the ongoing metallurgical studies at SGS-Lakefield Laboratory, environmental baseline evaluation and expansion of geological understanding of the Prairie Lake Complex,” said Paul Jones, Nuinsco’s CEO. “We are fully aware of the scope of the mineralization on the project, the potential for expansion of the MRE, and the possibility that domains of higher-grade mineralization exist within the MRE or for that matter elsewhere on the project outside of the existing resource. The attributes of the project are very favourable to development, and we are diligently conducting work to do so.”   The Prairie Lake project contains a large, well-located resource of critical minerals in North America.  It is a potential source of elements needed for applications in transportation, power distribution, green technologies and a host of other applications, including agriculture. It is of immense value to a secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Marathon, Terrace Bay and other affected communities - all able to supply a local, skilled workforce.  A...

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