MANITOBA Toronto-based NUINSCO RESOURCES is evaluating the open pit mining potential for the Mel deposit, 25 km north of Thompson. Nuinsco holds the property under option from INCO LTD.
Nuinsco president and CEO Warren Holmes said, "Our recent drill program and deposit evaluation has identified the potential for open pit mining at the Mel deposit. We are currently evaluating this option as part of our plan to advance the property to production." Developing an open pit appears to be a more economic scenario than creating an underground mine with ramp access.
Last May, Nuinsco released deep drilling results from the Mel deposit and that mineralization was also encountered 2,000 feet north of the deposit. Prior to that announcement, the Mel deposit was estimated to include an indicated mineral resource of 290,000 tonnes grading 1.7% Ni and an additional inferred resource of 260,000 tonnes of the same grade. Get the latest updates via e-mail by adding your name and address to the list at www.nuinsco.ca.
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