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Nexus Gold Begins Exploration Porgram at the Gummy Bear Gold-Copper Project, North Central Newfoundland, Canada
(TheNewswire) Vancouver, Canada - TheNewswire – Ju...
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[{"type":"text","content":"Nexus Gold Begins Exploration Porgram at the Gummy Bear Gold-Copper Project, North Central Newfoundland, Canada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\nCanada -\n \n \n TheNewswire\n \n \n – June 8, 2021\n \n \n - Nexus\nGold Corp. (“\n \n \n Nexus\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n(TSXV:NXS\n \n \n )\n \n \n (\n \n \n OTC:NXXGF\n \n \n )\n \n \n (\n \n \n FSE:N6E) is pleased to report\n \n \n it has commenced exploration work on its\n2,525-hectare Gummy Bear (“GB”) property, located\n \n \n near Halls Bay (of the western Notre Dame Bay area) in\nnorth-central Newfoundland, Canada.\n \n \n \n \n Ongoing preliminary work consists of prospecting and\nreconnaissance-style soil sampling involving 50m-spaced sample\nstations on 100m-spaced, chained and paced, grid lines. The\nwidely-spaced sampling pattern is intended to provide initial broad\ncoverage and assessment of the property’s gold and base metal\npotential, with more detailed sample coverage to follow, pending\nfavorable assay results (samples are to be regularly submitted for\nanalyses, at Eastern Analytical Ltd, of Springdale, located 20 km from\nthe property).\n \n \n \n \n The initial sampling approach will involve the\ncollection of roughly 750 soils.  Sample line orientation is designed\nto cross-cut a number of EM conductors interpreted from historical\nairborne geophysical surveys as well as an area of poorly-exposed\nsedimentary rocks cut by gold-bearing quartz veins; prospector\nsampling at the latter site, in 1999, returned several anomalous gold\nvalues of up to 2.2 grams-per-tonne (“g/t”) gold (“Au”) with\nhighly anomalous arsenic associated\n \n \n (Quinlan,\n1999).\n \n \n \n \n A portion of the western property area is underlain by\nfelsic and mafic volcanics of the early Ordovician Buchans-Roberts Arm\n(volcanic arc) Belt, host to the\n \n \n world-renown\nBuchans base metal deposits, located 88 km farther southwest. The\nBuchans mines produced 16.2 Mt of ore averaging 14.5% zinc, 7.6% lead,\n1.3% copper (”Cu”), 126 g/t silver (“Ag”) and 1.37 g/t Au,\nduring 1928 to 1984\n \n \n (Thurlow & Swanson,\n1987).\n \n \n Other deposits within the belt,\ninclude: the former (1967-71)\n \n...