Business
Nuinsco Resources Intersects Down-Dip Extension to Historic Sunbeam Gold Mine
TORONTO, ON / ACCESSWIRE / July 22, 2020 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE:NWI) today announced that recent diamond drilling at the
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / July 22, 2020 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE:NWI) today announced that recent diamond drilling at the Sunbeam Gold Property (the \"Property\") near Atikokan in northwestern Ontario successfully intersected the down-dip extension of the structure hosting gold mineralization at the past-producing Sunbeam Mine, returning anomalous gold mineralization. \"The presence of gold mineralized rock at depth below the historic Sunbeam mine is very encouraging,\" said Paul Jones, CEO. \"In addition to the 15km strike length of gold mineralized structures at surface and known gold occurrences, the gold mineralization and host-structure is now known to continue to depth below the historic work at the Sunbeam Mine. Technical issues resulted in only two holes being completed, however the results from those holes add to our knowledge of this extensive domain of little-explored, favourable gold mineralized host rock that Nuinsco can explore going forward.\" Diamond drill holes NS-20-01 and 02 were collared to test for an extension of the northeast striking and approximately 50° northwest dipping host structure to gold mineralization of the historic Sunbeam mine. Both drill holes were collared at 625N on line 6770E, oriented at 135° and inclined at -70° and -80° respectively. The completed drill holes intersected the down-dip extension of the mineralized structure hosting the Sunbeam Mine up to 30m below the maximum depth attained in the old mine workings. Due to technical issues it was not possible to test the interpreted trend of the mineralization occurring in the mine. DDH NS-20-01 intersected 3.75m (between 73.25m and 77.0m core-length, estimated at 3.5m true-width) of consistently anomalous gold mineralization, peaking at 1.1 g/t Au (between 74,65-75.07m core-length, estimated at 0.39m true width) in sulphide bearing quartz veins in altered chlorite schist and tronjhemite host rock. DDH NS-20-02 intersected 6.08m (between 80.12m and 86.2m core-length, estimated at 5.1m true-width) of deformed and altered rock hosting quartz-veining and returned anomalous gold mineralization, peaking at 218 ppb Au (see tabulated analytical results below). Previous work conducted by Nuinsco identified gold mineralization in mine waste dumps and vein material that suggests high-grade gold mineralizat...