en.Wedoany.com Reported - On May 6, 2026, Nuinsco Resources Limited announced that its initial assessment of historical data from the Paradise Lake Gold Project ("Paradise Lake"), located in central Newfoundland, Canada, has revealed significant exploration potential. The 3,300-hectare project, optioned in April 2026, is situated within the Central Newfoundland Gold Belt, a region hosting multiple gold deposits including Valentine Lake.

Assessment results show that surface float samples at Paradise Lake returned gold grades up to 144.7 g/t, and historical drilling intersected visible gold grading 10.21 g/t over 0.5 metres (drill hole PL-22-07). Geological, geochemical, and geophysical data all point to multiple prospective target areas, with the mineralized horizon extending approximately 10 kilometres. Company CEO Paul Jones stated: "The review results strongly indicate that the rocks at Paradise Lake have been affected by large-scale mineralization and will guide the first field work program."

Nuinsco's assessment highlights the convergence of three lines of evidence: geological setting (felsic magmatism between shear zones), geochemistry (gold-silver-arsenic-antimony assemblage anomalies), and geophysics (magnetic and IP anomalies). These characteristics support Paradise Lake Gold Project as an attractive exploration target. The company plans to commence field visits and ground geophysical work as soon as conditions permit.

The project comprises the Paradise Lake block of 108 claims and the Pistol Lake block of 24 claims, located 27 kilometres south of Grand Falls–Windsor with excellent accessibility.

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