Nuinsco Announces Additional Positive Drill Results From Chibougamau Gold Properties

By MT Newswires,  January 15, 2013, 02:34:14 PM EDT

Nuinsco Resources Limited (NWI.TO) announced analytical results from six diamond drill holes completed in November 2012 on CBay Minerals Inc.'s Portage Island gold occurrences in the Chibougamau mining camp in northern Quebec.

These results follow those from the first three holes of the program, reported on December 20, 2012, and include gold analyses as high as 54.2g/t Au (over 0.29m) and intervals including 4.52g/t Au over 5.42m and 2.31g/t Au over 2.96m. A number of elevated copper analyses were also returned.

As previously reported, the 18-hole, 1,683m drilling program tested a number of gold targets, including a portion of the McKenzie Vein above where it was mined as part of the Portage Mine, as well as new targets acquired from an induced polarization geophysical survey that was also completed this fall. The Portage Mine was in production between 1959 and 1997. Further assays are expected shortly.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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