Nuinsco Resources said that the recent drilling results grading up to 71 parts per million (ppm) uranium (U) continue to indicate the potential for high-grade uranium mineralization at its Diabase Peninsula project at Athabasca Basin in Saskatchewan, Canada.

The November-December drilling tested coincident TEM and gravity geophysical targets near to holes from a 2007-2008 drilling program which encountered highly-anomalous uranium values of up to 707ppm U (0.083% U3O8) located at or near the contact between the sandstone layer and graphite-bearing basement rocks.

The results from the 2,321m program include the ND10-01 hole that encountered 14.69m of 25.29ppm U from 378-392.69m, including 71 ppm U over 2.61m immediately at the unconformity while ND10-02 averaged 4.26m grading10.8ppm U below the unconformity.

ND10-03 cut 18m of 18.06ppm U straddling the unconformity from 379.5-397.5m, ND10-04 drilled from the same setup as ND10-03 encountered 19.25m of 11.99ppm U at the unconformity and the interval graded 24.8 ppm U and, ND10-05 intersected1.5m grading 14.9ppm U below the unconformity.

Nuinsco president Paul Jones said that drilling has found such significant uranium grades at numerous sites on the property, including its November-December 2010 program where uranium values peaked at 71ppm.