Business
Nuinsco Resources Teams with McGill University Researchers to Evaluate Potential Economic Significance of Niobium Mineralization at Prairie Lake
Highlights: Extensive domains of strong niobium (“Nb“) mineralization exposed at surface. Closely associated with phosphate and rare earth element (REE) mineral
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Highlights: Extensive domains of strong niobium (“Nb“) mineralization exposed at surface. Closely associated with phosphate and rare earth element (REE) mineralization. The domains are tens to hundreds of metres wide with grades up to 0.198% Nb Such extensive mineralization has implications for the economics of project development. Toronto – TheNewswire - November 13, 2024 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI, FRA: NJX) today announced that ongoing study of the niobium mineralization in collaboration with McGill University researchers led by Professor Anthony Williams-Jones has confirmed the economic potential of Nb2O5 as a significant co-product at the Prairie Lake Critical Minerals Project (“Prairie Lake” or the “Project”). Nuinsco’s exploration at Prairie Lake has identified widespread niobium endowment, both at surface and underground in drill holes, of sufficiently high grade to warrant its economic evaluation as a co-product. A re-evaluation of the geology of the Prairie Lake Complex by Professor Williams-Jones and his team is documenting the occurrence of large volumes of previously unrecognized biotite-rich rocks (pyroxenitic glimmerite), which they have shown controlled the occurrence of the niobium ore mineral, pyrochlore, at St Honoré (Québec), one of only three operating niobium mines in the World; glimmerite is also a major rock unit at the Araxá and Catalão mines (Brazil) which produce over 90% of the World’s niobium. “The trenching and drilling at the Project contemplated for delineating the predicted pyroxenitic glimmerite-pyrochlore association, could potentially lead to the Prairie Lake Complex becoming Canada’s economically most important REE-Niobium deposit after St Honoré and the first major producer of phosphate in the country, rivalling the giant Kovdor and Phalaborwa phosphate deposits in Russia and South Africa, respectively,” said Professor Williams-Jones. “The ongoing evaluation of Prairie Lake continues to provide increasing indications of economic potential. It is a source of a suite of vitally important Critical Minerals located in the heart of North America capable of providing a secure supply chain to these minerals. In addition to the enormous significance of the phosphate and rare earth mineralization, niobium is a component of s...