Nuinsco Drilling Continues to Intersect Uranium at Diabase Peninsula Project

Nuinsco Resources Limited (TSX:NWI) reports continues to indicate the potential for high-grade uranium mineralization at its Diabase Peninsula project, Athabasca Basin.

The press release is quoted as saying:

“Uranium values exceeding 1ppm are accepted as being significant, with values exceeding 10ppm suggesting the presence of an alteration zone and the distinct possibility of a lens of high grade mineralization in the immediate vicinity,” said Nuinsco President Paul Jones. “Drilling has encountered such significant uranium grades at numerous sites on the property, including our November-December 2010 program where uranium values peaked at 71ppm.”

Click here to access the entire news release.