NORTHERN ONTARIO - NUINSCO RESOURCES of Toronto is looking carefully at its 100%-owned Cameron Lake gold property. Located 120 km southeast of Kenora, the deposit contains a measured and indicated resource of 572,000 tonnes grading 6.54 g/t Au and an inferred resource of 258,000 tonnes grading 6.02 g/t Au above 350 metres. Below that level, there is an indicated resource of 5,000 tonnes at 5.62 g/t and an inferred resource of 754,000 tonnes at 4.94 g/t.
Nuinsco believe there is "considerable potential" to increase resources and depth. The project was developed in the late 1980s when a production-sized decline was advanced to the 260-metre level with three levels of development at 110, 150 and 209 metres. Diamond drilling has demonstrated that the gold mineralization extends below 600 metres within the host Cameron Lake Shear Zone.
The company continues to re-evaluate its options at Cameron Lake. In the meantime it has agreed to refurbish the 28-km road to the project at a cost of $450,000. The results of any additional work will be posted at www.Nuinsco.ca.
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