Nuinsco Resources today announced that the analytical results from DDHs SD-12-14 and SD-12-15, the third and fourth drill holes of a six-hole program on the Berta copper project in Turkey during the autumn of 2012, continue to indicate the significant scale of the Berta porphyry mineralization. Located in northeastern Turkey, Berta is reputed to be the largest copper anomaly in the Turkish Pontides metals belt. Total area [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/15/13 -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX: NWI) (www.nuinsco.ca) today announced analytical results from six diamond drill holes completed in November 2012 on CBay Minerals Inc.'s ("CBay") 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 [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX: NWI) (www.nuinsco.ca) today announced the initial results received from the diamond drilling program conducted on the Berta Project in Turkey during the autumn of 2012. The work program was operated by the Company's joint venture partner Xstrata Copper ("Xstrata"). The Berta Project is a copper porphyry target [...]
Nuinsco Resources today announced positive results from the first three drill holes of an 18-hole diamond drilling program conducted in November on CBay Minerals Portage Island gold occurrences in the Chibougamau mining camp in northern Quebec. Near-surface (less than 30 metres) assays from the McKenzie Vein include 8.62 metres grading 2.31 g/t gold and 3.48 metres grading 5.45 g/t gold, with values peaking at 23.4g/t [...]
TORONTO, ONTARIO -- (Marketwire) -- 12/19/12 -- Nuinsco Resources Limited ("Nuinsco" or the "Company") (TSX: NWI) (www.nuinsco.ca) today announced that it has acquired the royalty held by Trend Mining Company ("Trend") on the Diabase Peninsula property for a onetime $15,000 cash payment. As a result of this transaction, Trend has no remaining interest whatsoever in Nuinsco's Diabase Peninsula property.
Nuinsco Resources Limited today announced that it has entered into a loan agreement with an arm's-length party, pursuant to which, the Lender will provide the Company with a non-revolving term loan in the principal amount of up to $2,500,000. "Nuinsco recently shored up its treasury, without diluting shareholders, through the sale of the Cameron Gold Project royalty for US$5.1 million," said Rene Galipeau, Vice-Chairman [...]
Nuinsco today announced that a minimum 1,500 metres of diamond drilling has begun on CBay Minerals Portage Island gold properties in the Chibougamau mining camp in northern Quebec. The drilling will explore historic gold targets and new targets identified from a recently-completed induced polarization geophysical survey. "The near-surface exploration potential of Portage Island was identified in 1903 with the discovery of [...]
Nuinsco Resources today announced that it has begun a ground-based induced polarization geophysical survey over CBay Minerals Portage Island properties in the Chibougamau mining camp in northern Quebec. This work is being conducted to enhance gold-mineralized targets for Nuinsco's previously announced drill program; drilling for this phase of an ongoing work program is expected to begin in early November and will be [...]
Nuinsco today announced that it has closed the previously-announced sale of its 3% net smelter return royalty on Coventry Resources Cameron Gold Project located southeast of Kenora in northwestern Ontario for cash proceeds of US$5.1 million. "We are very pleased to have completed the sale of this royalty which shores up the Company's treasury at a time when equity markets are not receptive to exploration company [...]
Nuinsco today announced that its 50%-owned subsidiary CBay Minerals has sold its 2% NSR royalty on the Eastmain property to Eastmain Mines, Virginia Mines, and Franco-Nevada Corporation for aggregate consideration of $900,000. The NSR royalty on the Eastmain Property was part of the Chibougamau assets that were jointly acquired by Nuinsco and Ocean Partners Investments Limited in late 2011.
Nuinsco today announced that it will complete an exploration and diamond drilling program prior to year end on CBay Minerals Portage Island properties in the Chibougamau mining camp in northern Quebec. Portage Island is located at the northeast end of the 96,000 acre CBay land package and hosts the past producing Henderson I, Henderson II and Portage copper/gold mines, and the McKenzie gold vein. The McKenzie gold vein [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/20/12 -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX: NWI) today announced that it has entered into a royalty purchase agreement with an arm's-length third party to sell the Company's 3% net smelter return royalty (the "Royalty") on Coventry Resource Limited's ("Coventry") Cameron Gold Project located southeast of Kenora in northwestern Ontario for cash proceeds of [...]
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