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Nexus Gold Commences Drilling at the McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - June 19, ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Commences Drilling at the McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - June 19, 2020 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report phase one drilling has commenced at the Company's 100% owned McKenzie Gold Project, located in Red Lake, Ontario. \n\n\n \nThe initial phase one program will consist of a minimum of 1000 meters of diamond drilling to test the mineralization potential of several gold targets occurring within an east-west trending corridor along the southern contact of the Dome Stock occurring within volcanic rocks of the Balmer Assemblage. \n\n\n \nHistoric drilling conducted in 2005 along this corridor returned significant values, including 7.49 grams-per-tonne (\"g/t\") gold (\"Au\") over 8.2 meters, 15.54 g/t Au over 0.8m (includes 13.08 g/t over 0.3m and 17.02 over 0.5m), 4.47 g/t gold over 1.4m, and 2.15 g/t Au over 5.5m. \n\n\n \n\"We're pleased to begin our first drill program at McKenzie,\" said president and CEO, Alex Klenman. \"The limited historical work to date, which has produced some narrow high-grade drill intercepts and several bonanza grade grab samples, certainly makes a compelling case for more intensive drilling. Our plan is to focus on the known mineralized zones. We are going to take our time and methodically drill our way through these target areas in multiple phases. It's obvious a good drill hole can have a significant impact, so we're prepared to be patient and test the areas we feel will give us the best return,\" continued Mr. Klenman.\n\n\n \nThe initial drill program at McKenzie is designed to expand on 2005 drilling and to follow up on anomalous rock samples that were collected as part of the 2019 fall prospecting program completed in the St. Paul's Bay area of the property. The prospecting program traced the mineralized contact corridor to the property's eastern boundary to further determine areas of interest on the property's southern end. The focus of the prospecting was concentrated in and around Perch Lake, in the Saint Paul's Bay area, located in the southernmost section of the property (figure 2). \n\n\n \n\nClick Image To View Full Size\n\n \n \nFigure 1: McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in red\n\n \n \n\nClick Image To ...