Nuinsco Resources Limited (TSX:NWI) today reported that results from its previously announced trenching program at the 100%-owned Prairie Lake Project in northwestern Ontario have been delayed due to issues with the quality of results produced by the analytical laboratory which rendered these results unusable.
The analytical results are promptly and regularly reviewed by a qualified professional acting on behalf of Nuinsco on whose conclusions this decision has been based. The first batch of samples from one entire trench has been re-submitted for assay at another laboratory, and results will be released upon the satisfactory completion of re-assaying.
This delay has not impacted the drill program currently underway. It is proceeding according to schedule.
"The trenching program was designed to expand our understanding of the geology of the Prairie Lake carbonatite in the northern and eastern parts of the intrusive complex where no drilling has been conducted before," said Paul Jones, President. "The delay in receiving the trench results is disappointing and frustrating, however results from the minimum 3,500 metres of drilling that will be completed early in 2011 will be incorporated into the project data-set and will provide a basis for updating the Exploration Target Mineralization Inventory ("ETMI")."
The 330-360 million tonne National Instrument 43-101-compliant Prairie Lake ETMI1 (see news release dated January 13, 2010) is based on only 12% of the total surface area of the Prairie Lake complex, demonstrating the huge scale and potential economic significance of this multi-commodity deposit. The ETMI estimates known mineralization at between 330 and 360 million tonnes averaging 3.5% to 3.7% P2O5 and 0.12% to 0.14% Nb2O5 (1.2 to 1.4 kg/tonne). In addition to phosphorus and niobium, the suite of minerals of economic significance at Prairie Lake includes tantalum, uranium, rare earth elements, wollastonite and carbonate.
All exploration work is supervised by Paul Jones, President, who acts as QP under National Instrument 43-101 and has reviewed and approved the contents of this news release.
Source: Nuinsco Resources Limited