Nuinsco Announces the Eleventh and Twelfth Consecutive Intersections of 100m or More of Continuous Critical Elements & Phosphate Mineralization at Prairie Lake
Nuinsco Announces the Eleventh and Twelfth Consecutive Intersections of 100m or
More of Continuous Critical Elements & Phosphate Mineralization at Prairie Lake
Toronto, November 18, 2021 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI) today
announced receipt of analyses from the eleventh and twelfth dri ll holes sampled this year in the SW Area of its
100%‐owned Prairie Lake project (the “Project”) near Terrace Bay, Ontario. As with the previous ten drill holes the
intersections in both drill holes reported here exceed 100m of Critical Minerals and phosphate mineralization: being
290.5m (starting from 5.0m downhole) in DDH NP1001 and a 174.7m (starting from 18.9m downhole) in DDH
NP1004.
“With receipt of these analyses we now have 12 drill hole inter sections greater than 100m that are continuously
mineralized with rare earth elements, niobium, tantalum and phosphate at our Prairie Lake project and that are of
economic interest,” said Paul Jo nes, Nuinsco’s CEO. “These int ersections in the SW Area of the Project define a
significant volume of rock, comprehensively sampled along 900m in drill holes so far, where an Exploration Target
of 435‐530 Mt (see Prairie Lake ET table below) is already identified. The presence within this rock volume of rare
earths such as neodymium and lanthanum, but also including pras eodymium and scandium in combination with
the elements niobium, tantalum and phosphate speak to a potentially significant combined economic endowment
of much sought‐after constituents that we are aggressively evaluating.”
Analytical results from the 290.5m and 174.7m of continuous min eralization from DDH NP1001 and 1004
respectively, of niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum
(La), cerium (Ce), samarium (Sm) , neodymium (Nd), praseodymium (Pr), scandium (Sc), and yttrium (Y) are
tabulated in the “Analytical Results” table below. Eighteen dr ill‐holes have been sampled to date as part of the
program, focussing on drill‐holes collared to intercept the SW area which currently measures 1km in total length
and is between 150m and 750m wide at surface. The SW area alone hosts 435‐530 million tonnes of the total 515‐
2
630 million tonne ET, with grades as tabulated in the “Prairie Lake ET” table below.
Analytical Results DDH NP1001 and NP1004:
Hole ID From
(m)
To
(m)
Width
(m)
Rock
Type*
P2O
5
(%)
Nb2O
5
(%)
Ta2O
5
(%)
Sc
(g/t
)
Y
(g/t
)
La
(g/t
)
Ce
(g/t
)
Pr
(g/t
)
Nd
(g/t
)
Sm
(g/t
)
∑REE*
*
(g/t)
New intersections:
NP1001 5 49 44 IJ 5.30 0.085 0.004 10 118 358 786 104 418 72 1866
NP1004
20 42.2 22.2 IJ 3.06 0.052 0.002 4 168 249 530 66 274 58 1350
43.7 157.24 113.54 IJ 3.39 0.053 0.002 3 162 275 580 75 306 60 1461
169.4 176 6.6 IJ 3.95 0.053 0.003 6 104 321 655 83 322 53 1543
Combined extended intersections:
NP1001 5 295.5 290.5
IJ/CRB
T 3.69 0.113 0.001 7 84 301 665 80 316 55 1506
NP1004 18.9 193.6 174.7 IJ 3.68 0.053 0.002 3 164 288 610 78 31 8 62 1523
*Principal rock type: CRBT=carbonatite, SILCARB = silicocarbonatite, IJ= ijolite, PYX = pyroxenite
**Sum REE = Sc + Y + La + Ce + Pr + Nd + Sm
The mineralization of economic interest contained within the Pr airie Lake intrusion occurs at surface and extends
to unknown depths below the deepest drilling yet conducted (cir ca 500m vertically). There is no indication that
mineralization diminishes with depth and the twelve intersectio ns from the Program reported to date occur in a
domain that presently extends 900m, oriented southeast‐northwest, in the Southwest (“SW”) Area (see map
above). The Prairie Lake complex hosts a suite of elements of economic interest identified as Critical Minerals
defined under the Canadian Minerals and Metals Plan (“CMMP” ) c o n t a i n e d w i t h i n t h e v e r y l a r g e d o m a i n o f
mineralized rock that is extremely favourably located from a lo gistical perspective with rail, road, shipping, and
power infrastructure already established. Prairie Lake hosts a number of elements and compounds of economic
interest including those for which demand is projected to substantially increase and for which secure supply chains
are sought.
The Project consists of 46 mineral claims covering an area of ~ 630 ha. It is superbly located, easily accessed by an
all‐weather road from the TransCanada Highway located 28 kilomet r e s t o t h e s o u t h . T h e E T i s d e f i n e d b y 5 9
diamond drill holes.
All samples were analysed by Activation Laboratories (ActLabs) in Ancaster, Ontario. Samples were analyzed for a
whole rock and trace element ICP analytical package as well as for niobium, tantalum, and zirconium oxides using
a fusion XRF method. An internal Quality Control Quality Assurance (“QAQC”) program was implemented with four
QAQC samples (blanks and reference standards) added into the sampling stream.
Prairie Lake Drilling & Trenching by Target Area1:
1 Trench lengths are calculated as cumulative length of samples along trench.
S W Jim's Showing East NE Other
Areas Total
Historic Drill Holes
(1969‐1983)
Drill Holes 16 11 1 0 17 45
Metres 1351.7 938.4 34.1 0 1528.5 3852.7
Drill Holes (2007‐
2010)
Drill Holes 21 10 0 0 1 32
Metres 6632 1692.4 0 0 101 8425.4
Trenches (2010) Trenching 1 0 2 2 0 5
Metres 377.7 0 433.0 754.55 0 1562.2
3
Prairie Lake ET2:
2 A full description of methodology used to estimate the Prairie Lake Project Exploration Target is contained in the Technical Report dated 30
November 2018 prepared by P&E Mining Consultants Inc. that is filed on SEDAR. The potential quantity and grade of the ET is conceptual in
nature and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the discovery
o f a m i n e r a l r e s o u r c e . T h e r e i s n o N a t i o n a l I n s t r u m e n t 4 3 ‐ 1 0 1 – Standards of Disclosure for Mineral Projects preliminary economic
assessment in respect of the Prairie Lake ET.
Laura Giroux, P.Geo, Chief Geologist, acts as Nuinsco's Qualifi ed Person under National Instrument 43‐101. Ms.
Giroux has reviewed and approved the technical contents of this news release.
About Nuinsco Resources Limited
Nuinsco Resources has over 50 years of exploration success and is a growth‐oriented, multi‐commodity mineral
exploration and development company focused on prospective oppo rtunities in Canada and internationally.
Currently the Company has four properties in Ontario – the high ‐grade Sunbeam gold property near Atikokan, the
Dash Lake gold property near Terrace Bay, the large multi‐commodity (rare‐earths, niobium, tantalum, phosphate)
Prairie Lake project near Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong. In addition,
Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.
Forward‐Looking Statements
This news release contains certain "forward‐looking statements." All statements, 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. For ward‐looking statements are
often, but not always, identified by the use of words such as " seek," "anticipate," "believe," "plan," "estimate, “expect," an d "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‐lookin g 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, p roduction rates varying from estimates, changes in world copper and/or gold markets, changes
in equity markets, uncertainties relating to the availability a nd costs of financing needed in the future, equipment failure, unexpected geological conditions,
imprecision in resource estimates, success of future developmen t 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 approvals, and other development and operating risks. Any forward‐
looking statement speaks only as of the date on which it is mad e 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 otherw ise. 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.
SW Jim's Showing East NE Total
REEs
La (ppm) Lanthanum 275 ‐ 340 295 ‐ 360 305 ‐ 370 200 ‐ 250 280 ‐ 340
Ce (ppm) Cerium 650 ‐ 790 670 ‐ 820 670 ‐ 820 450 ‐ 550 650 ‐ 790
Sm (ppm) Samarium 55 ‐ 70 55 ‐ 70 55 ‐ 70 50 ‐ 60 55 ‐ 70
Nd (ppm) Neodymium 295 ‐ 360 290 ‐ 360 320 ‐ 390 235 ‐ 290 300 ‐ 360
Y (ppm) Yttrium 85 ‐ 100 90 ‐ 110 80 ‐ 100 135 ‐ 170 85 ‐ 100
La+Ce+Sm+Nd+Y (ppm) 1360 ‐ 1660 1400 ‐ 1720 1430 ‐ 1750 1070 ‐ 1320 1370 ‐ 1660
Additional Elements (as oxides)
P2O5 (%) Phosphate 3.0 ‐ 4.0 3.5 ‐ 4.5 2.5 ‐ 3.0 2.5 ‐ 3.5 3.0 ‐ 4.0
Nb2O5 (%) Niobium 0.095 ‐ 0.115 0.100 ‐ 0.120 0.040 ‐ 0.050 0.085 ‐ 0.105 0.090 ‐ 0.110
Ta2O5 (ppm) Tantalum 18 ‐ 25 25 ‐ 30 5 ‐ 7 10 ‐ 12 18 ‐ 21
Volume ‐ m3 (million) 140 ‐ 175 12 ‐ 14 13 ‐ 16 2 ‐ 3 170 ‐ 210
Tonnes (million) 435 ‐ 530 35 ‐ 45 40 ‐ 50 7 ‐ 8 515 ‐ 630
To learn more, please visit www.nuinsco.ca or contact:
Paul Jones, CEO Sean Stokes, Executive VP Cathy Hume, Consultant Instagram:
@nuinscoresources
[email protected] [email protected] [email protected]
Twitter:
@NWIResources