Business
Nuinsco Resources to Expand Geophysical Coverage at the Sunbeam Gold Property Including Coverage of the High‐Grade Rubble Showing
TORONTO, ON / ACCESSWIRE / March 25, 2021 / Nuinsco Resources Limited ("Nuinsco" or the "Company") (CSE: NWI) today announced that it has commissioned a survey
About this update from Nuinsco Resources Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / March 25, 2021 / Nuinsco Resources Limited (\"Nuinsco\" or the \"Company\") (CSE: NWI) today announced that it has commissioned a survey to expand geophysical coverage at the Sunbeam Gold Property (\"Sunbeam\" or the \"Property\"). Both induced polarisation and magnetic methods are planned to further extend coverage along extensive, gold-mineralized linear trends that traverse the Property and that host ten gold occurrences including the high-grade Sunbeam Gold Mine. The survey will commence as soon as practicable and is part of a planned comprehensive exploration program on the Property encompassing diamond drilling. The surveys follow earlier geophysical coverage commissioned by the Company that has defined domains of high-priority target areas along 2,900m of discontinuously mineralized strike length in the Sunbeam and Roy lineaments on the Property, both of which host abundant sites of gold mineralization and remain to be thoroughly evaluated in exploration programs. The planned surveys will be conducted by Simcoe Geoscience and will extend coverage further east along the Sunbeam and Roy trends and will expand coverage to the Pettigrew/WN2 trend and adjacent Rubble occurrence. \"The expanded geophysical coverage into areas that have not previously been surveyed will increase our understanding of the mineralization at Sunbeam in preparation for diamond drilling on the Property,\" said Paul Jones, CEO. \"These new areas encompass sites of strong gold mineralization. In particular the new survey will cover the Rubble Showing that has returned strongly gold anomalous grab samples, peaking at 44.38 g/t gold (1.42 oz/ton gold), along a strike length of nearly 200m and width of 30m. Coverage will also extend to the significant gold mineralization at the Roy Showing.\" The Sunbeam Gold Property encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings. Mineralization at the Sunbeam Mine is hosted by a 30m wide sheared zone of altered, sulphide bearing, schistose rock. Gold mineralization occurs within a southwest striking quartz vein/chloritic zone that historically was traced from surface to at least 100m vertically and along strike for more than...