Highlights:- Nuinsco plans to maintain a presence in MENA region. - Prairie Lake metallurgical program producing positive results, reporting is expected in April. - Two drill holes completed in on-going program at Diabase Peninsula property in the Athabasca Basin.
Nuinsco today announced that the Company has advised its partner in its Egyptian subsidiary Z-Gold Resources Ltd , that the board of directors has elected not to participate further in Z-Gold's attempt to obtain full tenure on the Bukari and Umm Samra gold concessions in the Eastern Desert of Egypt. "In 2009 Z-Gold successfully bid on two gold concessions and since that time has done field exploration and advanced the [...]
Nuinsco announced today that, further to its press release dated February 21, 2012, it has completed a non-brokered private placement of an aggregate of 7,098,000 flow-through units at a subscription price of $0.14 per Unit. The Offering was completed in three tranches, with the Company issuing 6,821,500 Units on February 24, 276,500 Units on March 12 and 44,858 Units on March 13, 2012, for aggregate gross proceeds of [...]
Nuinsco today announced that it has negotiated, subject to TSX approval, a non-brokered private placement of up 7,143,000 flow-through units at a subscription price of $0.14 per unit for gross proceeds of up to $1 million. Each unit consists of one common share of the Company and one-half of one warrant, each issued on a flow-through basis pursuant to the Income Tax Act (Canada). Each warrant entitles the holder thereof [...]
Nuinsco and Ocean Partners Holdings Limited today announced the appointment of Roland Horst as the Chief Executive Officer of C-Bay Minerals Inc.. C-Bay, 50% owned by each of Nuinsco and Ocean Partners, was created to advance the exploration, mining and processing assets located in and near Chibougamau, Quebec that were jointly acquired late last year.
Nuinsco today announced that drilling is planned for early March at its Diabase Peninsula uranium project. The drill program will follow up on past exploration that identified all the elements indicative of a uranium mineralizing event, including up to 707 parts per million (ppm) uranium (U).
Nuinsco Resources Limited today announced that it has elected to not exercise its option to acquire an 85% interest in UAE for Gold Minerals and Investment Company Ltd., the company that owns the J. Tobrar (Block 64) concession in north eastern Sudan. Exercise of the option would have required the payment of $4 million in Nuinsco shares.
Prairie Lake Now Royalty-FreeTORONTO, ONTARIO -- (Marketwire) -- 01/23/12 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today announced that it has purchased back the 2% production royalty on its Prairie Lake phosphate and rare metals project in consideration for the issuance of 3,157,894 common shares of Nuinsco. The royalty was obtained by Stares Contracting Corp. in 2001.
Ability to Produce Distinct Niobium and Phosphorus Concentrates Will Enhance Economic Appeal
TORONTO, ONTARIO -- (Marketwire) -- 11/30/11 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today announced that optimized metallurgical evaluation is underway to produce separate niobium (Nb2O5) and fertilizer-grade phosphorus (P2O5) concentrates from Prairie Lake mineralization. Already the second largest deposit of its kind in North America, this testing is designed to enhance Prairie Lake's economic viability.
TORONTO, ONTARIO -- (Marketwire) -- 11/14/11 -- Nuinsco Resources Limited ('Nuinsco' or the 'Company') (TSX: NWI) (www.nuinsco.ca) today announced that the transfer to Nuinsco and Ocean Partners Holdings Limited ('Ocean Partners') of all exploration, mining and processing assets located in and near Chibougamau, Quebec, and other assets (the 'Assets') that were formerly owned by Les Ressources Campbell Inc. and Ressources MSV (2007) Inc. ('Campbell') is now complete.
ETMI now stands at 515-630 million tonnes with continued scope for expansion
TORONTO, ONTARIO -- (Marketwire) -- 10/26/11 -- Nuinsco Resources Limited ('Nuinsco')(TSX: NWI)(www.nuinsco.ca) today announced that the Updated Exploration Target Mineralization Inventory ('ETMI') at its easily accessible, Prairie Lake rare metals project in northwestern Ontario has been increased to 515-630 million tonnes grading between 0.09-0.11% niobium (0.9 to 1.1 kg/tonne) and 3.0-4.0% phosphorus (1.2 to 1.4 kg/tonne), making it one of the largest deposits of its kind in the world.
Positive Results Enhance Overall Economic Potential of Multi-Commodity Project
TORONTO, ONTARIO -- (Marketwire) -- 10/20/11 -- Nuinsco Resources Limited ('Nuinsco') (TSX: NWI) (www.nuinsco.ca) today reported the balance of drill results from the most recent program conducted at its superbly located, readily accessible, Prairie Lake rare metals project in northwestern Ontario. The holes returned widespread and extensive niobium (Nb2O5) and phosphorous (P2O5) analyses in conjunction with tantalum and rare earths.
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