Nuinsco Resources Ltd. announced analytical results from six diamond drill holes completed in November 2012 on CBay Minerals Inc.'s Portage Island gold occurrences in the Chibougamau mining camp in northern Quebec. These results follow those from the first three holes of the program, reported on December 20, 2012, and include gold analyses as high as 54.2g/t Au (over 0.29m) and intervals including 4.52g/t Au over 5.42m and 2.31g/t Au over 2.96m. A number of elevated copper analyses were also returned.

DDHs NH-12-04 through NH-12-09 were drilled from three set-ups along the exposed strike length of the McKenzie Vein which, with DDHs NH-12-01 through NH-12-03, were intended to identify mineralogy, style and controls to the mineralization. The drill holes intersected steeply dipping, deformed, anorthosite hosting quartz-carbonate veins typically containing 2-5% sulphide mineralization (pyrite-chalcopyrite) but locally peaking at 10%. The initial focus of the current program was the 100-metre-plus surface exposure of the vein, however the strike length is interpreted to be at least 250m and there are indications that the structure may extend up to 1,600m to the west across Portage Island.

The McKenzie Vein was partially mined at depth (starting at 200m) from where it intersected and crosscut the nearby and more steeply-oriented principal copper-dominated ore zone of the Portage Mine. The extracted McKenzie structure ore was estimated to have averaged 0.24 ounces of gold per ton. This program will help to define and develop not only controls on the McKenzie Vein but also on the other prospective gold targets on the island.