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Nexus Gold Completes Phase Two Exploration at Mckenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - November ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Completes Phase Two Exploration at Mckenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - November 8, 2019 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report that it has been informed by geological consultants, Rimini Exploration & Consulting, that its second phase of prospecting on its 100%-owned McKenzie Gold Project located at Red Lake, Ontario, has now been completed. \n\n\n \nThe phase two prospecting program, which included approximately 60 grab and chip samples, was designed to further determine areas of interest on the property's southern end, and to continue pre-drill phase data compilation to help determine initial drill targets. 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 1,348.5-hectare property. \n\n\n \nHistoric drilling in this area has returned significant values, including 7.49 grams-per-tonne (\"g/t\") gold (\"Au\") over 8.2 meters, 2.2 g/t Au over 5.5 meters, 15.54 g/t Au over .8 meter, 17.02 g/t Au over .5 meter, and 23.87 g/t Au over .2 meter (see figure 2).\n\n\n \n\"The ongoing mapping, sampling, and data compilation Rimini is doing for us is critical in preparing McKenzie for an initial Nexus drill program,\" said President & CEO, Alex Klenman. \"McKenzie is a priority for us. It's right in the middle of a world class district, with prolific production and major success stories in the immediate area. The volume of high-grade samples and even the limited drilling done at McKenzie make it a very compelling exploration target. Drill targets are being determined now and we are eager to begin that phase of development,\" continued Mr. Klenman. \n\n\n \n\nClick Image To View Full Size\n\n \n \nFigure 1: McKenzie Gold Project, Red Lake, Ontario, with area of recent exploration circled in red\n\n\n \n\nClick Image To View Full Size\n\n \n \nFigure 2: Historic drilling in the southern section of the McKenzie Gold Project, Red Lake, Ontario\n\n\n \nResults from this phase two prospecting program will be reported once they have been received, tabulated and verified. The southern portion of the McKenzie Gold Project is bordered by Premier Gold Mines Ltd Hasaga property and Pure Gold Mining's Madsen Gold ...