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Nuinsco Resources Limited (CSE:NWI) New Listing

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Nuinsco Resources, with more than 45 years exploration success, is a growth oriented, multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally.

Additional Information:

Company: Nuinsco Resources Limited
Website: http://www.nuinsco.ca
Stock Symbol: CSE: NWI
Date Published: Feb 21, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Nuinsco Resources Limited is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “NWI”.

Nuinsco Resources, with more than 45 years exploration success, is a growth oriented, multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally.

Currently the company has two properties in Ontario.

The Sunbeam Gold Property, optioned by Nuinsco in 2017, includes the historic Sunbeam Mine - a high-grade underground gold mine which operated from 1898 to 1905.

The property consists of 101 unpatented mining claims in northwestern Ontario, 27 kilometers northeast of the town of Atikokan and 15 kilometers southeast of Agnico Eagle's Hammond Reef gold deposit.

The 100% owned Prairie Lake Property, consisting of 46 claims, is located approximately 28 kilometers north of Lake Superior's northern shore and approximately 44 kilometers northwest of Marathon, Ontario.

Previous exploration on the property has focused on uranium, niobium, tantalum, rare earth elements, phosphorus (apatite), and wollastonite, depending on the economics of the time.

In addition, Nuinsco won a competitive bid for the right to evaluate the viability of gold production from waste dumps and tailings at the past-producing El Sid mine in Egypt, located in Egypt's Eastern Desert.

Three past producing gold mines are located on the project - the largest of which is the El Sid Mine which operated primarily between 1947 and 1957 and was Egypt's largest gold producer.

Of significance to Nuinsco is the fact that the rock adjacent to the exploited veins also carried gold but was rejected and dumped as waste.

This waste, which runs to several grams per tonne gold, along with a considerable volume of tailings, is available for processing and gold recovery.

If the project proves to be economically viable the timeline to production is short - measured in months - at which point the company expects to have cash flow to fund existing projects and evaluate potential project acquisitions.

Paul Jones, President and CEO, stated: “We anticipate listing on the CSE to be an exciting, and long-awaited, milestone for Nuinsco’s existing shareholders. It will also afford the Company the opportunity to present its projects and strategy to a new large base of potential investors.”

The shares are trading at $0.015.

For more information, please visit the company’s website www.nuinsco.ca, contact Paul Jones, CEO, at 416-626-0470 ext 229 or email paul.jones@nuinsco.ca.

Investor relations is handled by Cathy Hume of CHF Capital Markets, who can be reached at 416-868-1079 ext 231, or cathy@chfir.com.
I’m Megan Edwards for Investmentpitch Media