MANITOBA NUINSCO RESOURCES of Toronto reports that deep drilling at the Minago nickel deposit in the Thompson Nickel Belt is intersecting some of the highest grades recorded to date. Hole NM-06-02 was drilled from 278.85 to 829.85 metres and averaged 0.55% Ni. Grades generally increased at depth, i.e. 1.11% from 634.40 to 690.16 metres, 1.30% from 750.50 to 794.86 metres and 1.91% from 825.92 to 829.85 metres.
Using a 0.4% cut-off grade, the Minago sulphide deposit has a measured and indicated resource of 29.8 million tonnes grading 0.64% Ni, and an additional inferred resource of 27.2 million tonnes at 0.67% Ni. In 2005 Nuinsco conducted a varied work program that included diamond drilling, metallurgical studies and an extensive verification and re-sampling program which reinforced confidence in historic data.
Said CEO Warren Holmes, “We are committed to seeing Minago in production as quickly as possible, and this year’s drilling is a significant step toward achieving this.”
More information about the Thompson Nickel Belt and Minago deposit is available at www.Nuinsco.ca.