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Nuinsco also announced that it, along with its

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NYBob Member Level  Wednesday, 01/19/11 08:05:07 PM
Re: copleybmt post# 33
Post # of 76 
Nuinsco also announced that it, along with its partner,
Ocean Partners, acquired substantially all of the
remaining debt of Campbell Resources, giving us security
on all of Campbell’s assets in the
Chibougamau, Quebec mining camp.

by SpeedDemon2 at Sth NWI forum
1/19/2011 1:13:17 PM | | 153 reads | Post #29138994

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=NWI&t=LIST&m=29138895&l=0&pd=2&r=0

This transaction is expected to be finalized in early 2011, and we

will announce plans to move these valuable assets forward at that time.

It’s not often that the opportunity arises to gain effective control over an entire mining camp, but, with a

permitted mill and tailings facility, a partially-developed high-grade copper mine in Corner Bay and a

suite of exploration/development assets, that is precisely what this transaction gives us. The

Chibougamau camp has produced more than 40 million tonnes of ore, 3 million ounces of gold and 1.5

billion pounds of copper over the years and we believe there is much more to come from this region.

At its core, Nuinsco remains an exploration company with a rich history of discoveries. This is where the

potential for dramatic increases in shareholder value remains, and the developments of 2010 have

ensured Nuinsco has the financial resources to continue to explore.


My opinions are my own and and DD I post should be confirmed as unbiased
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