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Nuinsco Resources Identifies Mineralized Extension at the Sunbeam Gold Property, Atikokan, Ont.
TORONTO, ON / ACCESSWIRE / March 5, 2020 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that diamond drilling at the Sunbeam
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / March 5, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that diamond drilling at the Sunbeam gold property near Atikokan in northwestern Ontario has intersected the down-dip extension to the structure hosting gold mineralization at the Sunbeam Mine. Diamond drill holes were collared to test for an extension of the host structure and gold mineralization from the historic Sunbeam mine, a reported high-grade underground gold mine that was exploited between 1898 and 1905. No exploration has been conducted on the formerly patented mine site since the mine closed 115 years ago. Diamond drill holes NS-20-01 and 02 intersected 3.1m (from 74.15m) and 4.32m (from 81.0m) respectively of the chlorite and quartz-vein mineralized structure at the Sunbeam mine - consistent with historic reports of the zone's thickness and extending the intersection of it approximately 30m (100ft) below the lowest level of the old mine workings. Identifying the depth extension to the host structure is a significant exploration result - combined with the known strike-extent of the structure from historic pits and trenches, exceeding 300m, it demonstrates a substantial domain of gold-mineralized rock extending below the known historic depth extent and is essentially unexplored. \"Visual results from the drilling are encouraging and the implications to extending mineralization are positive, and we are now awaiting assays,\" said Paul Jones, CEO. \"Technical issues with the drilling equipment and insufficient available water to supply the drill necessitated the early curtailment of the program which did not allow the primary target area to be tested, however further drilling is planned to continue to evaluate the mineralization.\" Previous exploration conducted by Nuinsco identified gold mineralization in mine waste dumps and vein material that confirms high-grade gold mineralization is present at the site. Samples collected by Nuinsco from waste-rock at the mine returned analyses as high as 122g/t gold (refer to Nuinsco media release dated 21 March 2019); these findings concur with results reported in historic records. Host mineralization at the Sunbeam Mine is a northeast striking, sheared zone of altered, schistose rock within which sulphide and gold bearing quartz veins occur within a thre...