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NUINSCONEWS
TSX
NWI
Vol. II, No. II
Annual Report Edition, May 2011
www.NUINSCO.ca
TSX
NWI
Excellent Results
Continue from
Egyptian Gold
Concessions
Well Positioned in MENA Region with Projects in Egypt and Turkey
More Active
than Ever
To our Shareholders
Exploration success is typically determined by the
ability to identify and define geological settings
where significant metal occurrences can be found.
Nuinsco has a proven track record with many such
successes over the past 40 years. These successes
are attributable to the team working for the Company
and its ability to identify quality projects and move
these projects forward. Nuinsco is fortunate to
have been able to keep its people interested and
challenged for many years and we can boast that
we have two employees with 27 years of service
who have been, and continue to be, instrumental
in making Nuinsco a success. In addition, we are
fortunate to continue to have an individual on our
board who is directly responsible for Nuinsco’s
numerous discoveries and continues to provide
guidance – George Archibald.
Today, Nuinsco is more active than ever.
Whereas in the past it was typical for exploration
companies to work very few projects at a time,
modern technologies have improved the ability to
explore remote areas, allowing us to effectively
focus on a variety of properties. The advantages
to having a range of projects include an ability to
keep employees busy exploring year-round and to
keep these highly-motivated individuals interested.
People resources are in short supply these days
and it is important to ensure that we have good
people and continuity of knowledge to advance
all of our projects.
continued on page 4
PLEASE SEE
LETTER TO SHAREHOLDERS
Cairo, Egypt
- 2010 and 2011 have been exciting and interesting times in
Egypt and the Middle East North Africa (MENA) region for Nuinsco Resources
Limited. Since winning the bid round in early 2010 for two gold concessions,
Bukari and Umm Samra, in Egypt’s Eastern Desert, Nuinsco has pushed
forward with its efforts to explore the projects and solidify its presence
in this underexplored part of the world.
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Three rounds of field exploration have been
completed, and in early March the first assays
were released – with very positive results.
Multi-gram gold analyses, grading up to 46.30 g/t
(1.6 oz/t), were obtained from all six sites visited
and almost all samples collected contained
significantly anomalous gold (see news
release issued March 1, 2011).
Subsequently, additional
results have been released
with even higher grades, including 2.19 oz/t
(75.1 g/t) gold from surface sampling at the Bukari
One occurrence (see news release issued March 7,
2011) and 4.34 oz/tonne (135.0 g/t) gold (from the
Talat Gadalla occurrence (see news release issued
April 19, 2011).
www.nuinsco.ca
Contents
Bukari and Umm Samra Concessions
(Egypt)
GOLD
1
CEO’s Letter to Shareholders
1
Nuinsco at a Glance
2
Chibougamau Assets
(Canada)
BASE METALS/GOLD
5
Diabase Peninsula
(Canada)
URANIUM
6
Prairie Lake Project
(Canada)
RARE METALS
6
Berta Project
(Turkey)
BASE METALS
7
Elmalaan Project
(Turkey)
BASE METALS
7
Strategic Investments
(Canada)
8
Corporate Information
8
Talat Gadalla, Bukari One and Bukari North are
only three of the 13 named gold occurrences on
the Bukari Concession. They have a combined total
of more than 11 km of strike length and all display
extensive gold mineralization at surface.
“The wide distribution of such an
anomalous set of samples
demonstrates the tremendous
potential for gold discovery
at both Bukari and Umm Samra,” said Nuinsco
President Paul Jones. “Both concessions are
essentially unexplored, and more than 20 named
gold occurrences remain to be visited and sampled.
continued on page 7
PLEASE SEE
EGYPT AND THE MENA REGION
•
Letter to Shareholders
•
•
Gold
•