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Nexus Gold Begins Phase Two Drilling at the Mckenzie Gold Project, Red Lake, Ontario
(TheNewswire) Grab sample assays up to 13.40 g/t Au from new ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Begins Phase Two Drilling at the Mckenzie Gold Project, Red Lake, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Grab sample assays up to 13.40 g/t Au\nfrom new targets north of Perch Lake\n \n \n \n \n \n \n Vancouver, Canada –\n \n \n TheNewswire -\n \n \n November 4, 2021 – Nexus Gold\nCorp.\n \n \n (“\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 (\n \n \n OTC:NXXGF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FSE:N6E) is\n \n \n pleased to announce that\ncrews and equipment have been mobilized to its 100%-owned McKenzie\nGold Project located at Red Lake Ontario, and drilling is now\nunderway.\n \n \n \n \n The planned up to 2000-meter drill program commenced\nwith the first hole being drilled to test the northern extent of gold\nmineralization identified by earlier drilling conducted by the Company\nin April 2021\n \n \n which included holes MK-21-018 and\n \n \n MK-21-019, both of which returned significant\ngold intercepts (see Company news releases dated May 25 and June 1,\n2021),\n \n \n and to test gold mineralization recently\nidentified during a fall targeting and prospecting program conducted\nnorth of Perch Lake.\n \n \n \n \n Selective grab samples obtained during the fall program\nhave now returned gold assays of ^13.40 grams-per-tonne (“g/t”)\ngold (“Au”), 7.70 g/t Au, 6.83 g/t Au, 3.54 g/t Au, and 3.51 g/t\nAu, respectively, confirming mineralization in this new area.\n \n \n \n \n Three  historical trenches and a new showing were also\nidentified during the prospecting program (see image 1).\n \n \n The trenches are comprised of quartz veins\ncontaining clots and patches of semi massive chalcopyrite, pyrite and\nmolybdenite.  The veins are hosted in granite which displays strong\npervasive silica flooding.  Local discrete shearing in both trenches\ntrend at approximate attitudes of 330° and dip 70° to 80° to the\neast, displaying similar trends and lithologies established in the\nCompany’s previous drill campaigns.\n \n \n \n \n “We’re excited to test the new zones found north of\nPerch Lake,” said president and CEO, Alex Klenman.  “The\ngeological environ...