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Nuinsco Resources Identifies 10 Gold Occurrences, 15 Km Strike Length at Sunbeam Gold Property
Gold mineralization and host-structure now known to extend below the depth-extent of historic work TORONTO, ON / ACCESSWIRE / July 27, 2020 / Nuinsco Resources
About this update from Nuinsco Resources Limited
[{"type":"text","content":" Gold mineralization and host-structure now known to extend below the depth-extent of historic work TORONTO, ON / ACCESSWIRE / July 27, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that the compilation of data on the Sunbeam Gold Property (the \"Property\"), including the recently announced drill results, indicates that at least 10 gold occurrences, including the past-producing high-grade Sunbeam gold mine, occur on the 15km of strike length identified along gold mineralized trends on the Property. \"The Sunbeam Gold Property offers a great exploration opportunity for Nuinsco, especially given the recent advances in the price of gold,\" said Paul Jones, CEO. \"The abundance of high-grade gold mineralized occurrences will be systematically evaluated. In addition to the broad strike extent of gold mineralized structures at surface and known gold occurrences, the gold mineralization and host-structure are now known to extend below the depth-extent of historic work. This presents an extensive target domain.\" The Property is traversed by at least three sub-parallel, northeast-trending, gold-mineralized lineaments secondary to the regionally extensive, sub-province bounding Quetico Fault. Collectively these lineaments total more than 15km of mineralized target domain and host at least 10 gold occurrences. They present a large exploration target that extends to all parts of the project, has seen only intermittent historic exploration, and remains to be comprehensively explored. A number of these occurrences have returned high-grade gold assays from grab-samples and limited drilling in previous exploration (refer to the map attached). Elsewhere historic pits and shafts were excavated to conduct exploration at the Roy, Pettigrew and Road occurrences - all of which contain gold mineralization that merits further exploration. The Property is underlain by the Marmion Lake Batholith that is host to eleven historic gold deposits as well as numerous other gold occurrences; Agnico Eagle's Hammond Reef deposit (208Mt at 0.67 g/t Au, 4.5 Moz contained gold) occurs near the northwest contact of the intrusion approximately 12km from the Property. The Property hosts the Sunbeam Mine, the site of high-grade, underground gold production dating from the beginning of the 20th Century. Numerous historic sam...