Nuinsco Provides Update on Huston Lake/Marijane Lake Joint Venture Agreementadmin
Nuinsco Resources Limited provided an update of ongoing activity at the Huston Lake/Marijane Lake uranium property. Huston Lake is part of a 50:50 joint venture with Temex Resources Corp. covering both the Marijane Lake and Huston Lake properties located in southeastern Manitoba and northwestern Ontario.
As previously announced, a 2,705 line-kilometre helicopter-borne magnetic and radiometric geophysical survey was completed in May, 2008, which identified several hotspots within areas that had appeared as large regional anomalous areas. An extensive follow-up program is underway to field check airborne radiometric anomalies and prioritize targets for a preliminary diamond drilling program, slated to be conducted in December. Temex will act as the operator of the drill program.
Anomalies on the property occur in discrete zones ranging from 0.2 to 0.5 kilometres long to broad areas of higher radioactivity over several kilometres along the 45 kilometre strike length of the claim group. Mineralogical work has confirmed the primary uranium mineral uraninite and the secondary uranium minerals uranophane and boltwoodite from samples collected exhibiting powdery yellow staining, from which random grab samples returned values ranging from 0.047% to 0.130% U3O8.
Nuinsco is a growth-oriented, multi-commodity mineral exploration and development company that is prepared for production and focused on growth through nickel, copper, zinc, uranium and gold exploration and development in world-class mineralized belts in Canada and Turkey. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.