Nuinsco Announces Positive Metallurgical Results from the El Sid Gold Project
Nuinsco Announces Positive Metallurgical Results from the El Sid Gold Project
Up to 96% gold recovery from gravity processing and leach or flotation
Toronto, August 12, 2020 – Nuinsco Resources Limit ed (“Nuinsco” or “the Company”) (CSE: NWI) today
announced positive results from metallurgical testing of gold -bearing material from the waste pile at the past-
producing El Sid project in Egypt. These results demonstrate the effectiveness of low -cost, proven processing
methods for gold recovery at El Sid.
“Gold recoveries of up to 96% obtained from simple, conventional, gravity and leaching or flotation processing
supports our concept that El Sid can be exploited quickly using proven, off -the-shelf methods at a low capital
cost,” said Paul Jones, President and CEO. “Given that the waste pile has been mined, is at surface, is partially
processed and has an average gold grade of 4. 1 g/t these metallurgical results are very encouraging from the
perspective of economic viability.”
A total of 114kg of metallurgical samples were submitted to Met -Solve Laboratories in Langley, B.C. for gravity
gold recovery determination. The sample passed through an initial crushing stage (Stage 1) followed by two
stages of grinding (Stage 2 and Stage 3) – the gravity recoverable gold value of 67.8% contained in 1.54% of the
processed rock is from a final grind size of 89 μm (note: 1,000µm = 1mm) . Stage 1 achieved a gold recovery of
38.0% without any grinding whatsoever, with Stages 2 and 3 adding an additional 9.3% and 20.5% gold recovery
respectively. Tailings from the test s comprise 98.46% of the total processed rock and grade 1.28 g/t Au.
Subsequently the tailings were subjected to flotation and leach tests to determine the amenability o f the material
to flotation, using common gold flotation reagents , and cyanide leaching. The test results show that the feed
sample is amenable to gravity concentration and the gravity tailings are amenable to flotation and cyanide
leaching.
Calculated Final
Process Option Gravity Global Stage Total Head Tailings
Recovery Recovery Grade Grade
Au (%) Au (g/t)
Gravity Only 67.8 N/A N/A 67.8 3.90 1.28
Gravity and Flotation 75.0 20.9 83.4 95.8 3.53 0.18
Gravity and Leaching 69.0 27.0 87.5 96.0 3.82 0.16
The sample provided to Met-Solve (subject of Met-Solve report MS 1882 Nuinsco Resources Limited) was crushed
to a top size of 1.8 mm then homogenized and split into test charges using a rotary splitter. A subsample of the
head material was submitted for fire assay . The test incorporate d intermediate grinding to recover the precious
metal as it was liberated and the products from the test were analyzed on a size -by-size basis to determine
precious metal depo rtment in the ore. The gravity tailings were subjected to a baseline cyanide leach test to
determine the amenability of the material to cyanide leaching. The test was conducted using a leach time of 24
hours, a cyanide concentration of 1 g/L and a target pH of 10.5 -11.0. The flotation test was conducted using a
strong gold collector (Flex51 PM) and promotors (AMG900 and 3418A) to maximize gold recovery.
Nuinsco, through its Egyptian subsidiary Z -Gold Resources, won a competitive bid for the right to evaluate and
produce gold from waste dumps and tailings at the past‐producing El Sid gold project in Egypt. Located in Egypt’s
Eastern Desert, approximately 90km west of the town of Quseir on the Red Sea coast, the El Sid project is easily
accessible via a paved road that passes through the project site. Three past -producing gold mines are located on
the project – the largest of which is the El Sid Mine which operated primarily between 1947 and 1957 and was
Egypt’s largest gold producer. If the El Sid project proves to be economically viable the timeline to production is
2
short – measured in months – at which point the Company anticipates cash flow for non‐dilutive funding of
existing projects and evaluation of potential project acquisitions.
P.L. Jones P. Geo l. is a qualified person as defined by NI 43 -101 and has reviewed and approved the technical
contents of this press release regarding the El Sid project.
About Nuinsco Resources Limited
Nuinsco Resources has over 45 years of exploration suc cess and is a growth-oriented, multi-commodity mineral
exploration and development company focused on prospective oppor tunities in Canada and internationally.
Currently the Company has two properties in Ontario – the high-grade Sunbeam gold prospect near Atikokan and
the large, multi-commodity (rare-earths, niobium, tantalum, phosphorus) Prairie Lake project near Terrace Bay. In
addition, Nuinsco has completed an agreement to exploit the El Sid project in southeastern Egypt – this project
requires little capital and can provide near -term revenue to the Company; the Company is in the process of
sourcing funding to commence the process of building a plant on-site.
Forward-Looking Statements
This news release contains certain "forward -looking statements." All statement s, other than statements of historic fact, that address activities, events or
developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward -looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," " estimate, “expect," and "intend" and statements that an
event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward -looking statements
reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward -looking statements are subject to a
number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward -looking statements,
and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on
Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully
complete financings, capital and other costs varying significantly from estimates, production rates varyin g from estimates, changes in world copper and/or
gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the futu re, equipment failure, unexpected
geological conditions, imprecision in resource e stimates, success of future development initiatives, competition, operating performance of facilities,
environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and ap provals, and other development
and operating risks. Any forward -looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, Nuinsco disclaims any intent or obligation to update any forward -looking statement, whether as a result of new information, future events or results or
otherwise. Although Nuinsco believes that the assumptions inherent in the forward -looking statements are reasonable, forward -looking statements are not
guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
To learn more, please contact:
Paul Jones, CEO Sean Stokes, Executive VP Cathy Hume, Consultant Website:
www.nuinsco.ca
[email protected] [email protected] [email protected] Twitter:
@NWIResources