Nuinsco Resources continues exploration of the Prairie Lake

The Canadian Nuinsco Resources has announced the results of exploration drilling within the Prairie Lake project, which provides for the development of the carbonatite deposit located 45 km north of the city of Marathon (province of Ontario).

During the drilling of wells at a depth of 602.2 m, extensive mineralization was revealed, characterized by rich concentrations of phosphorus, tantalum, niobium, and rare earth elements.

The studies have shown the possibility of obtaining apatite concentrate with a content of phosphorus pentoxide of over 30% and extracting niobium, tantalum, and rare earth elements (mainly cerium and neodymium).

The management of Nuinsco Resources will consider the preparation of a feasibility study for the development of the Prairie Lake carbonatite deposit.