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Nuinsco Resources Limited has over 50 years of exploration success and is a growth oriented, multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently the Company has three properties in Ontario – the high-grade Sunbeam gold prospect near Atikokan, the large, multi-commodity (rare-earths, niobium, tantalum, phosphorus) Prairie Lake project near Terrace Bay, and the Dash Lake gold project near Fort Frances. In addition, Nuinsco has completed an agreement to exploit gold-mineralized dumps and tailings at the el Sid project in Egypt – a project with the potential to provide near-term revenue.
Why Invest in Nuinsco:
- One of Canada’s most experienced mineral exploration companies
- Diverse, experienced, and respected Board of Directors and advisors
- History of discoveries over 50 years of activity
- Track record of spinning out projects to create value
- Solid exploration projects at Sunbeam and Prairie Lake
- Real potential for near-term revenue from el Sid gold project
TIMELINE
| 1970 | Management group takes control of New Insco Mines Ltd. |
| 1971 | Hebecourt, 1.2-million-ton copper-rich deposit, discovered in Noranda, Quebec. |
| 1973 | Uranium exploration begins at Prairie Lake. |
| 1979 | Nuinsco Resources Ltd. is successor to New Insco Mines Ltd. |
| 1981 | Work begins at Cameron Lake gold deposit, Kenora. |
| 1983 | Gold resource identified at Cameron Lake. |
| 1987 | Aldermac 7 and 8 zones (Cu/Zn/Au/Ag) discovered near Rouyn-Noranda, Quebec. |
| 1994 | Rainy River deposit, 17 Zone (Au) discovered. |
| 1995 | Rainy River deposit, 34 Zone (Ni/Cu/Au/PGE) discovered. |
| 1999 | Lac Rocher Ni deposit discovered in Quebec. |
| 2000 | Mel sulphide nickel property, Manitoba, optioned from Inco Limited. |
| 2001 | Minago sulphide nickel property, Manitoba, acquired from Black Hawk Mining. |
| 2004 | Nuinsco expands into Turkey (Berta Cu/Au porphyry) and Saskatchewan (Diabase Peninsula uranium property). |
| 2005 | Second Turkish property optioned: Elmalaan (Cu/Zn VMS). |
| 2006 | Chibougamau mining camp entered via agreement with Campbell Resources Inc. |
| 2007 | Nuinsco creates Victory Nickel through the spin-off of its Minago, Mel and Lac Rocher projects. |
| 2009 | Nuinsco bids on Egyptian gold concessions Bukari and Umm Samra. |
| 2010 | 330-360 million tonne Exploration Target (ET) at Prairie Lake property announced. Bukari and Umm Samra bid is successful. Cameron Lake sold to Coventry Resources for $12 million consideration. Nuinsco and Ocean Partners gain effective control of Chibougamau mining camp, Quebec. |
| 2011 | Prairie Lake ET increased to 515-630 million tonnes. Nuinsco and Ocean Partners complete transfer of ownership of Chibougamau assets to CBay. |
| 2012 | Nuinsco sells Cameron Lake project royalty for cash proceeds of US$5.1 million. Nuinsco acquires 100% of option on Diabase Peninsula uranium property. |
| 2013 | Nuinsco makes strategic investment in Victory Nickel Inc. |
| 2014 | Victory Nickel Inc. loan converted to direct interest in frac sand cash flows. |
| 2017 | Nuinsco acquires the Sunbeam gold property through option. Minority interest in CBay is divested for cash and debt. |
| 2018 | Nuinsco divests interest in the Diabase Peninsula property. Nuinsco enters into agreement to evaluate and subsequently exploit the El Sid gold project in Egypt. |
| 2020 | Additional claims optioned surrounding the Sunbeam Property - doubling Nuinsco’s land holdings. |
| 2021 | Nuinsco exercises its option on the original Sunbeam gold property. Dash Lake gold project near Fort Frances optioned. |