In addition to the phosrock the Prairie Lake mineralization also contains a variety of rare earth elements ("REEs"), niobium and tantalum. The mineralization identified is entirely contained within the Prairie Lake carbonatite complex, presently encompassing an exploration target ("ET") of 515-630 million tonnes defined by 46 diamond drill holes.
"The Prairie Lake project encompasses a very large domain of phosphate mineralized carbonate rock; the use of this rock as a soil amendment and fertilizer has great potential economic significance for Nuinsco," said Paul Jones, CEO. "The ever increasing demand for food and for the means to maximize global agricultural production, the growing necessity to revitalize agricultural land worldwide, and the increasing significance of organic food production all point to the potential of a very large market for the OMRI-listed Prairie Lake phosphate rock. The relative ease with which Prairie Lake could potentially be exploited from surface using quarry methods points to the significance of Prairie Lake within Nuinsco's property portfolio."
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