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Nuinsco Receives Final Assays from Recent Drilling at Berta Project in Turkey
Published : February 27, 2013

2012 program continues to highlight potential of one of the region's largest copper anomalies

HIGHLIGHTS:

- Enormous copper anomaly, very attractive exploration target.

- 17 widely-spaced holes drilled to date, considerable scope to improve results.

- All holes drilled to date have returned copper mineralization.

- Drilling indicates greater than 8 KM2 copper-mineralized area.

- Drilling demonstrates strongest mineralization is in the eastern part of the Berta porphyry.

- Sixth hole of 2012 program returns intercepts up to 12.65m grading 1.59% Cu and grades up to 22.7% Cu over 0.6m.

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TORONTO, ONTARIO--(Marketwire - Feb. 27, 2013) - Nuinsco Resources Limited ("Nuinsco" or "the Company") (News - Market indicators) (www.nuinsco.ca) today reported analytical results from DDHs SD-12-16 and SD-12-17, the fifth and sixth drill holes of a six-hole program on the Berta porphyry copper project in northeast Turkey. The results, in common with all other drilling conducted on the project, are consistently copper mineralized and define an enormous volume of mineralized rock with the east side of the Berta Complex regularly returning stronger results with intercepts including 1.59% Cu over 12.65m and 0.42% Cu over 36.4m and grades up to 22.7% Cu over 0.6m.

"All of the holes drilled to date at Berta have returned copper mineralization," said Nuinsco's President Paul Jones. "The drilling indicates the huge scale and continuity of the anomaly in the Berta porphyry system. The wide spacing of the drill holes and the long anomalous and altered intercepts obtained continue to demonstrate the scope of the copper mineralization at Berta. The property remains a very large and very prospective exploration opportunity." 

Berta is reputed to be the largest copper anomaly in the Turkish Pontides metals belt. Total area covered by the 17 widely-spaced drill holes completed to date is about 8 km2. The current program was conducted during the autumn of 2012 to test bedrock beneath a large copper-in-soil anomaly. 

Drill hole SD-12-16 of the 4,720-metre 2012 program returned 397.55m grading 0.097% Cu (from 475.45m) including 36.4m grading 0.40% Cu (from 532.1m). This hole was collared on the east side of the copper-in-soil anomaly where it intersected phyllic altered and sulphide mineralized dacite. Approximately 800m to the south and near the eastern periphery of the Berta Complex DDH SD-12-17 returned 554.2m grading 0.13% Cu (from 296.8m) or 0.10% Cu when copper grades are cut to 5% Cu, including 121.35m grading 0.34% Cu (from 346.2m) or 0.24% Cu when copper grades are cut. Narrower intervals return exceptional copper grades, for example 22.70% Cu over 0.6m (from 452.1m) that also grades 90.50g/t Ag and 1.6g/t Au. This hole intersected similarly mineralized dacite underlying the north-eastern part of the copper-in-soil anomaly. 

Although primarily a copper target, significantly anomalous gold and silver also occur and molybdenum has also been recognized at depth in some drill holes. When combined with the results of previous drill programs it is becoming clear that, although the entire Berta domain is anomalous with respect to copper, the eastern part of the Berta Complex returns the strongest mineralization. For instance, in addition to strong mineralization observed in current DDHs SD-12-13 and 17, DDH SD-07-08 intersected 710.9m grading 0.28% copper and 0.07g/t gold (see press release dated Apr. 25, 2007) and DDH SD-08-10 returned 164.0m grading 0.20% copper and 0.06g/t gold see press release dated Oct. 20, 2008). The eastern domain of the Complex alone, as outlined by Diamond drilling, defines an extremely large volume of rock and is an attractive and prospective exploration target.

The work program was operated by the Company's joint venture partner Xstrata Copper. Analytical results are tabulated below; all analyses were produced by ALS Laboratories Vancouver, BC facility.

  From (m)   To (m)   Interval (m)   Cu (%)   Cu - Cut 5%   Au (g/t)   Au - Cut 1 g/t   Ag (g/t)   Ag - Cut 31 g/t
                                   
SD-12-16 475.45   873   397.55   0.097   ---   0.03   ---   1.56   ---
                                   
  532.1   568.5   36.4   0.42   ---   0.05   ---   2.52   ---
  648.4   655.6   7.2   0.32   ---   0.09   ---   5.05   ---
  721.7   723.6   1.9   0.53   ---   0.37   ---   65.3   ---
  838.15   839.6   1.45   0.75   ---   0.37   ---   48.4   ---
                                   
                                   
SD-12-17 296.8   851   554.2   0.13   0.10   0.02   0.02   1.51   0.85
                                   
  346.2   467.55   121.35   0.34   0.24   0.04   0.04   1.97   1.65
including 452.1   464.75   12.65   1.59   0.58   0.12   0.09   6.42   3.39
including 452.1   452.7   0.6   22.70   ---   1.60   ---   90.50   ---
and 461   461.35   0.35   9.74   ---   0.28   ---   30.6   ---
and 464.6   464.75   0.15   8.32   ---   1.41   ---   48.4   ---
                                   
  653.4   656.4   3.00   2.11   ---   0.36   ---   140.7   31.0
                                   
  815.35   820.2   4.85   0.46   ---   0.05   ---   0.87   ---

About Berta

The Berta Property is located approximately 50 kilometres south of the Black Sea in northeastern Turkey, within the prolifically mineralized Tethyan-Eurasian Metalogenic Belt which hosts numerous ore deposits in several countries including Iran's Sarcheshmeh Mine, one of the world's largest copper mines at 1.2 billion tonnes grading about 1% copper. Paul Jones, President, acts as Nuinsco's Qualified Person under National Instrument 43-101 and has reviewed and approved the technical contents of this news release.

Visit Nuinsco at the PDAC Investors Exchange

Please visit Nuinsco Resources and its 50%-owned subsidiary CBay Minerals Inc. at Booth #2531 in the Investors Exchange at PDAC 2013, Metro Toronto Convention Centre - South Building, March 3-6, 2013.

About Nuinsco Resources Limited

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings, Nuinsco owns common shares in Coventry Resources Limited (TSX VENTURE:CYY)(ASX:CYY) and Victory Nickel Inc. (TSX:NI), and a 50% interest in CBay Minerals Inc., a private company that is a dominant player in Quebec's Chibougamau mining camp with assets including a permitted mill, tailings facility, eight past producing copper/gold mines and a 96,000 acre land position. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.

Please visit the Company's website at www.nuinsco.ca. Should you wish to receive Company news via email, please email juliet@chfir.com and specify "Nuinsco Resources" in the subject line.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements." All statements, other than statements of historic fact, that address activities, events or developments that Nuinsco believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current expectations or beliefs of Nuinsco based on information currently available to Nuinsco. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of Nuinsco to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Nuinsco. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete financings, capital and other costs varying significantly from estimates, production rates varying from estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain tenure to properties and/or necessary permits and approvals, and other development and operating risks. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Nuinsco disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Nuinsco believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

To view the map of the "Diamond Drill Holes, Berta Nuinsco/Xstrata Copper Joint Venture, Turkey", please visit the following link: http://media3.marketwire.com/docs/BertaNuinsco.pdf.



Nuinsco Resources Limited
Rene Galipeau or Paul Jones
416.626.0470
416.626.0890 (FAX)
admin@nuinsco.ca
www.nuinsco.ca
or
CHF Investor Relations
Juliet Heading
416.868.1079 X239
416.868.6198 (FAX)
juliet@chfir.com
Data and Statistics for these countries : Canada | Iran | Turkey | All
Gold and Silver Prices for these countries : Canada | Iran | Turkey | All
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Nuinsco Resources Ltd

DEVELOPMENT STAGE
CODE : NWI.TO
ISIN : CA6709024021
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Financings of Nuinsco Resources Ltd
3/13/2012Completes Flow-Through Financing
8/30/2011Completes Flow-Through Financing
8/4/2011Completes Two Tranches of Flow-Through Financing
12/31/2010Announces Closing of Private Placement
Project news of Nuinsco Resources Ltd
4/19/2013(Diabase Peninsula)Commences Radon Survey on the Diabase Peninsula Property
2/27/2013(Berta)Receives Final Assays from Recent Drilling at Berta Project ...
8/13/2012(Berta)Drilling Ongoing at Nuinsco's Berta Joint Venture in Turkey
4/26/2012(Berta)Announces 2012 Drill Program at Berta Project in Turkey
2/14/2012(Diabase Peninsula)to Begin Drilling at Diabase Peninsula Uranium Project
6/28/2011& Ocean Partners Receive Court Approval to Gain Ownership of...
4/8/2011(Diabase Peninsula)Drilling Continues to Intersect Uranium at Diabase Peninsula...
3/1/2011(Bukari)Initial Field Program at Egyptian Concessions Yields Impress...
2/23/2011(Bukari)Identifies Four Kilometre Strike Length at Talat Gadalla Gol...
2/17/2011(Bukari)Receives Egyptian State Council Approval of Bukari Concessio...
12/22/2010(Prairie Lake - Nuinsco)Provides Update on Exploration at Prairie Lake Rare Metals P...
12/13/2010(Bukari)Expands Size of Bukari Gold Showing in Egypt's Eastern Deser...
11/10/2010(Diabase Peninsula)Begins Drilling at Diabase Peninsula Uranium Project
11/4/2010(Prairie Lake - Nuinsco)Begins Drilling at Prairie Lake Rare Metals Project
1/13/2010(Prairie Lake - Nuinsco): 330 to 360 Million Tonne Exploration Target Mineralization...
Corporate news of Nuinsco Resources Ltd
10/24/2013Successfully Upgrades Phosphorus Concentrate from Prairie La...
10/7/2013Begins Second Round of Drilling on CBay Minerals' Chibougama...
9/17/2013Announces Management and Board Changes
8/14/2013Announces the Passing of Director, George Archibald
8/1/2013Acquires Securities of Victory Nickel Inc., Files Early Warn...
6/26/2013: High REE Content Minerals Discovered at Prairie Lake
5/24/2013Adopts Advance Notice By-Law
5/2/2013Subsidiary CBay Minerals Acquires Devlin Copper Project in Q...
3/26/2013Enters Into Loan Agreement with Victory Nickel Inc.
3/13/2013to Produce Additional Prairie Lake Phosphorus Concentrate
2/13/2013Subsidiary CBay Minerals Options Perch River Copper Project
1/25/2013(Berta)Announces Results That Further Indicate Large Scale of Coppe...
1/15/2013Announces Additional Positive Drill Results From Chibougamau...
1/15/2013Announces Additional Positive Drill Results From Chibougamau...
1/15/2013Announces Additional Positive Drill Results From Chibougamau...
1/8/2013(Berta)Initial Drilling Results Further Demonstrate Scale of Berta ...
12/19/2012Enters Into $2.5 Million Loan Facility
11/7/2012Begins Diamond Drilling on CBay Minerals' Chibougamau Gold P...
10/17/2012Begins Ground Geophysics on CBay Minerals' Chibougamau Gold ...
9/26/2012Announces Exploration Program on CBay's Chibougamau Gold Pro...
9/17/2012(Corner Bay)Announces 43-101 Mineral Resource Estimate at CBay's Corner ...
7/30/2012(Diabase Peninsula)Drill Results at Nuinsco's Diabase Peninsula Uranium Project...
6/18/2012Prairie Lake Concentrate Demonstrates Excellent Marketabilit...
6/11/2012Prairie Lake Metallurgical Study Continues to Provide Impres...
5/14/2012and Other Canadian Uranium Explorers More Attractive to Chin...
3/28/2012Elects Not to Pursue Full Tenure on Egyptian Gold Concession...
2/22/2012Arranges Flow-Through Financing for Exploration in Quebec
2/22/2012Arranges Flow-Through Financing for Exploration in Quebec
2/7/2012Elects to Not Exercise Option on J. Tobrar Project in Sudan
2/7/2012Elects to Not Exercise Option on J. Tobrar Project in Sudan
1/23/2012Buys Back 2% Royalty Interest on Prairie Lake Property
11/30/2011Testing to Enhance Concentrate Production at Prairie Lake Ha...
11/14/2011& Ocean Partners Complete Transfer of Ownership of Chibougam...
10/26/2011Reports Significant Increase in ETMI at Prairie Lake Project
10/20/2011Reports Additional Drill Results From Prairie Lake Rare Meta...
10/6/2011(Diabase Peninsula)Drilling Intersects Further Uranium at Diabase Peninsula Pro...
7/18/2011Expands MENA Presence With Option on Gold Concession in Suda...
6/22/2011Provides Update on Status of Receivership Proceedings With R...
6/2/2011s Current Status of Projects and Initiatives
5/25/2011Provides Update on Status of Receivership Proceedings With R...
1/10/2011Announces Board Changes: T. Mike Young Resigns, Dr. J.M. Fra...
11/15/2010s Olympian Status, Activities at Other Projects
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