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ASM Avino Silver And Gold Mines Ltd (delisted)

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Share Name Share Symbol Market Type
Avino Silver And Gold Mines Ltd (delisted) TSXV:ASM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nuinsco to Continue Metallurgical Studies at Prairie Lake

28/06/2013 4:00pm

Marketwired Canada


Nuinsco Resources Limited ("Nuinsco" or the "Company")(TSX:NWI) (www.nuinsco.ca)
today reported that work will commence immediately on a metallurgical program to
explore the recovery of pyrochlore in concentrate from its 100%-owned Prairie
Lake phosphorus - rare metals project in northwestern Ontario. Pyrochlore, a
niobium-bearing mineral, occurs throughout the Prairie Lake carbonatite complex
and constitutes a significant potential economic component to the
multi-commodity mineralization of the project. The phosphorus-bearing mineral
apatite and rare earth elements ("REEs") in both apatite and rare earth-bearing
minerals such as ancylite further demonstrate the potential economic viability
of this project which is remarkable also for the scale of the mineralization
(currently at 515-630Mt in a 43-101 compliant ETMI) and superb logistics and
location. 


The niobium test work will be conducted by Corem in Quebec City, the laboratory
which has completed other metallurgical test work on the Prairie Lake
mineralization. Approximately 300-400kg of material will be used in the tests
which will assess the effects of grinding, gravity separation, magnetic
separation, flotation and reagents on pyrochlore concentrate production. As part
of the study, the potential for a magnetite-iron concentrate will also be
examined. The study is expected to take six to eight months to complete.


Widely occurring in the rocks at the Prairie Lake carbonatite complex at a grade
of 0.09-0.11% Nb2O5 (from 43-101 compliant ETMI) is the niobium-bearing mineral
pyrochlore. The niobium content of the rock at Prairie Lake is sufficiently high
to make the production of a niobium by-product a distinct possibility. Niobium
is used in structural steels where the addition of small amounts imparts
strength. These alloys are principally employed in the automotive industry,
where their greater strength allows for lighter structure and improved energy
efficiency. Niobium is also used in tubular steels for gas pipelines, while
super-alloys containing niobium are widely used in aircraft engines and as bone
replacements in medicine. In other applications, niobium is used in the
manufacture of high refractive-index lenses and electronic capacitors and in
super-conducting niobium-titanium wire used in such devices as magnetic
resonance imaging (MRI) machines used in healthcare and particle accelerators,
and as catalysts for producing bio-fuels from vegetable crops. 


About Prairie Lake 

Located about 45 kilometres northwest of Marathon, Ontario, Nuinsco's Prairie
Lake property covers the entire 2.8 km2 (at surface) Prairie Lake carbonatite
complex and is easily accessible from the TransCanada Highway. In January, 2012,
Nuinsco bought back a 2% production royalty making the property royalty-free.


The NI-43-101-compliant ETMI (see news release issued October 26, 2011) is 515 -
630 million tonnes grading between 0.09-0.11% Nb2O5 (0.9 to 1.1 kg/tonne) and
3.0-4.0% P2O5 - making Prairie Lake one of the world's ten largest carbonatite
hosted niobium deposits (and in North America second only to the Iron Hill
Project in Colorado, USA, in contained tonnes - the grade at Prairie Lake is
however greater). The current metallurgical work establishes the project as a
substantial, recoverable, phosphorus inventory. The suite of minerals of
potentially economic significance also includes tantalum (Ta), uranium (U) and
REEs (including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd) and
yttrium (Y)). The ETMI was undertaken by Eugene Puritch, P.Eng. and Antoine
Yassa, P.Geo of P&E Mining Consultants Inc. of Brampton, Ontario.


All exploration work at Prairie Lake is supervised by Laura Giroux, P.Geo,
Senior Geologist, who acts as Nuinsco's Qualified Person under National
Instrument 43-101. Ms. Giroux has reviewed and approved the technical contents
of this news release. The potential quantity and grade of the ETMI is conceptual
in nature and there has been insufficient exploration to define a mineral
resource. It is uncertain if further exploration will result in the discovery of
a mineral resource.


Annual and Special Meeting

As a reminder, the Company's Annual and Special Meeting for Shareholders ("ASM")
will take place on June 28, 2013, at 4:00 p.m. Toronto Time at the Toronto Board
of Trade, 1 First Canadian Place, Toronto, Ontario. The ASM will be webcast and
can be accessed at http://www.gowebcasting.com/4421 and through Nuinsco's
website at www.nuinsco.ca.


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 in Ontario, Saskatchewan and Turkey, Nuinsco
owns common shares in Coventry Resources Limited (TSX:CYY) and Victory Nickel
Inc.(TSX:NI),and a 50% interest in CBay Minerals Inc. (50% Nuinsco, 50% Ocean
Partners Investments Limited), a private company that is a dominant player in
Quebec's Chibougamau mining camp with assets including a permitted mill and
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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nuinsco Resources
Sean Stokes
416.626.0470
416.626.0890 (FAX)


Nuinsco Resources
Paul Jones
416.626.0470
416.626.0890 (FAX)
admin@nuinsco.ca
www.nuinsco.ca


CHF Investor Relations
Juliet Heading
416-868-1079 x 239
416.868.6198 (FAX)
juliet@chfir.com

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