MANITOBA - NUINSCO RESOURCES of Toronto has gone over historic drill results from the Minago project and made a new resource estimate. Three different nickel cut-off grades were used. At 0.15% Ni cut-off, resources including the inferred category total 139.92 million tonnes at 0.41% Ni. At 0.40%, there are 57.07 million tonnes at 0.65% Ni. And at 0.70%, there are 19.09 million tonnes at 0.90% Ni.
"In light of this tonnage potential and a higher nickel price environment, we are re-evaluating the economics of this property," said Warren Holmes, president & CEO of Nuinsco.
The company acquired the Minago property in 1999. It is located in the Thompson Nickel Belt, 200 km south of Thompson where Inco has a nickel mining and smelting facility. Visit www.nuinsco.ca for the latest Mirarco 3-D view of the Minago orebody.
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