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Nuinsco Resources Identifies High Grade Phosphate Mineralized Domain at the Prairie Lake Critical Minerals Project
Highlights: Multiple high-grade phosphate drill intersections identified; define an extensive phosphate domain. Domain exceeds 1200m length – abundant room for
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Highlights: Multiple high-grade phosphate drill intersections identified; define an extensive phosphate domain. Domain exceeds 1200m length – abundant room for expansion. High-grade domain occurs within the 900Mt mineral resource estimate (“MRE”) on the project. High-grade phosphate within the MRE is a higher-value component that enhances potential viability. High-grade phosphate translates into elevated rare earth element (“REE”) content. Toronto – TheNewswire - June 25, 2024 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI), (FRA: NJX) today announced an expansion of the results from review and reinterpretation of historic drill data (the “Study”) that establishes the presence of enriched apatite domains measured over hundreds of metres along a zone within the near 900Mt existing MRE (see MRE description below) at the Prairie Lake Critical Minerals Project (“Prairie Lake” or the “Project”). Phosphate grades are substantially higher than reported in the Company’s MRE dated May 31, 2022. The identification of such domains may have great significance to the development of the Prairie Lake Project and enhances its value. Identification of high-grade apatite/phosphate mineralization in 22 diamond drill holes (see table below), with intersections up to tens of metres wide in a domain at least 1200m long, is a step-change in awareness of the attributes of the mineralization at the project, and particularly within the MRE. Higher grade domains are higher value components of the MRE and allow greater versatility in planning and scheduling development of the resource should the project merit a production decision. The very large Critical Minerals MRE at the Project is enhanced by the identification of high-grade domains within it. Ample room exists to expand the mineralized domain to other parts of the Complex with similar geology. “High-grade phosphate zones at the Project further enhance its already significant potential as a North American source of much sought after Critical Minerals,” said Paul Jones, Nuinsco’s CEO. “The high-grade intersections occur within the existing 871.8 million tonne Inferred MRE and 15.6 million tonne Indicated MRE at the Project. Based upon our understanding of the geology of the Complex we believe there is substantial opportunity to expand...