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Nuinsco Resources Announces Drill Program at Sunbeam Gold Property

Mining News - Published on Thu, 09 Jan 2020

Image Source: Sunbeam Gold Property
Nuinsco Resources Limited announced it intends to commence a drill program at the Company's Sunbeam Gold Property situated 27km northeast of the town of Atikokan, Ontario and 15km southeast of Agnico Eagle's Hammond Reef gold deposit. Prior to Nuinsco optioning the project in 2017 no exploration had been conducted around the past-producing Sunbeam gold mine since it closed in 1905. CEO Paul Jones said"This drilling will begin as soon as practical and follows up on a geophysical survey that identified 76 high-priority drill targets near the Sunbeam gold mine. In addition, analytical results received from samples collected by Nuinsco around the Sunbeam gold mine returned very high-grade assays - up to 722 g/t (3.9 oz/t) gold from quartz vein material."

Gold mineralization at the Sunbeam gold mine is hosted by a 30m wide sheared zone of altered, schistose rock occurring within a southwest-striking quartz vein/chloritic zone that has been traced from surface to at least 100m vertically. A1903 mine plan shows an average grade of ~13g/t gold in the historic workings

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Posted By : Yogender Pancholi on Thu, 09 Jan 2020
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