Nuinsco Updates 2026 Work Program on Paradise Lake Gold Project, Newfoundland
Nuinsco Updates 2026 Work Program on Paradise Lake Gold Project, Newfoundland
Paradise Lake 2026 Summer – Autumn field program
• Historic data compilation.
• Detailed drone magnetic survey - 350-line kilometres at 25m line spacing.
• Property wide prospecting, sampling, and mapping.
• Initial orientation induced polarization survey – to compare with historic results and test response.
• Follow-up detailed induced polarization survey – expanding historic results and the 2026 orientation survey.
• Mercury vapour geochemical sampling.
• Pitting/trenching – to expose potential shallow buried bedrock where practicable.
Toronto, July 13, 2026 – Nuinsco Resources Limited (“Nuinsco” or the “Company”) (CSE: NWI, FRA: NJX) today provided
an update on field exploration and work program plans at the Paradise Lake gold project (“Paradise Lake” or the “Project”)
in central Newfoundland. Located within the prolifically mineralized Central Newfoundland gold district, the Project is
underlain by the same structures associated with much of the gold mineralization in central Newfoundland, including
Equinox Gold’s Val entine Lake gold deposit, Newfoundgold’s Queensway gold deposit and the Moosehead exploration
property operated by Pirate Gold.
“We are pleased to announce that a work program is progressing well and will continue through the summer and autumn
at the Paradise Lake gold project. A challenge to exploration on the Project is the lack of exposed bedrock, so we are using
techniques to see through the overburden to develop drill targets for the next phase of work,” said Paul Jones, Nuinsco’s
CEO. “As we have previously said , historic work has produced very compelling indicators of widespread mineralization
over a ten-kilometre-long trend underlying the Project. We believe this to be an excellent prospective exploration target.”
The work program commenced in May with historic data compilation, detailed drone magnetic surveying accompanied
by prospecting and sampling. The work will be augmented during the summer by geophysics - an induced polarization
survey, geochemical prospecting, and evaluation of likely areas of shallow buried bedrock appropriate for exposure by
trenching for sampling. The purpose of this work is to expeditiously develop as complete an understanding of the
framework for mineralization at Paradise Lake as possible to provide guidance to diamond drilling in the next phase of
work.
The exploration appeal of the Project is compelling: regionally prospective geological setting ; strong anomalous
geochemical signatures, including multi-gram gold analyses; and geophysics capable of mapping structure and intrusions.
That kind of convergence is what makes Paradise Lake a compelling exploration gold play with abundant opportunity for
exploration success.
The Project consists of 132 mineral exploration claims in two separate blocks: the 108-claim Paradise Lake block, and the
24 claim Pistol Lake block. Historically, widespread and anomalous gold mineralization has been identified across the
Project area. Th e Project is approximately 27 km south of Grand Falls –Windsor, directly accessible via local roads and
tracks. Located on the Dunnage Zone litho-tectonic domain of Central Newfoundland, the mineralization at the Project is
interpreted to be related to the Cape Ray–Valentine Lake structural zone and the Victoria Lake Fault Zone.
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Map showing part of Paradise Lake claim block with already completed drone magnetic survey (to June
2026), planned magnetic survey coverage, and historic sub-crop and till sampling locations. Induced
polarization coverage will be conducted within this area during summer-autumn 2026 field season.
Laura Giroux, P.Geo., Chief Geologist of Nuinsco, is a Qualified Person as defined under National Instrument 43-101. Ms.
Giroux has reviewed and approved the technical content of this news release.
Reference to surface sampling from: Aurwest Resources Corporation 2nd to 8th Year (2022) Assessment Report on
Diamond Drilling, Prospecting and Mapping, Paradise Lake Gold Project, dated December 20, 2022.
About Nuinsco Resources Limited
Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multi-commodity mineral explora-
tion and development company focused on prospective oppor tunities in Canada and internationally. Currently the
Company has the Paradise Lake gold project in central Newfoundland, and in Ontario the large multi -commodity
(phosphate, rare earth element, niobi um, tantalum) Prairie Lake Project near Marathon -Terrace Bay, the Zig Zag Lake
Property (lithium, tantalum) near Armstrong joint-ventured with First Class Metals PLC, and retains a NSR royalty on the
Sunbeam Gold Property near Atikokan.
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Nuinsco Resources Limited
Paul Jones, CEO
Phone: 613-867-5902
Email: [email protected]
Sean Stokes, Executive VP
Phone: 416-712-7481
Cathy Hume, Consultant
Email: [email protected]
Instagram: @nuinscoresources
"X": @NWIResources
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FLI in this document may include, but is not limited to: planned field exploration and evaluation and the development of dril l targets.
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required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in thi s document to reflect new events or
circumstances. Unless otherwise noted, this document has been p repared based on information available as of the date of this document. Accordingly, you should not
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Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions pr ove incorrect, actual results may vary
materially from those described in FLI.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financ ial position and general economic conditions;
the ability of exploration activities to accurately predict mineralization; the accur acy of geological modelling; the ability of the Company to complete further exploration
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