Nuinsco options new ground

Nuinsco Resources (NWI-T) has entered into an option agreement with Freewest Resources Canada (FWR-M) on its properties adjoining Nuinsco’s Lac Rocher claims in northwestern Quebec.

Nuinsco can acquire a 51% interest in Freewest’s 144-claim properties by paying $40,000 cash and spending up to $450,000 on exploration over three years.

Nuinsco can discontinue the option agreement after the first year or after spending up to $150,000 on exploration.

In the boardroom, veteran mining engineer Garry Hughes has become Nuinsco’s president and chief operating officer. Former president Douglas Hume retains his position as chief executive officer and will become chairman, replacing Peter Thomson, who is staying on as a director.