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Nexus Gold Contracts Driller for McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - April 30,...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Contracts Driller for McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - April 30, 2020 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report that after a thorough review of potential candidates it has engaged Chibougamau Diamond Drilling Ltd to conduct its upcoming diamond drilling program at the Company's 100%-owned McKenzie Gold Project, located in Red Lake, Ontario.\n\n\n \nAs reported in a Company news release dated April 22, 2020, Nexus recently received, through the Ontario Ministry of Energy, Northern Development and Mines, an exploration drill permit for its proposed phase one drill campaign at the McKenzie Gold Project. \n\n\n \nThe phase one drill program will be managed by the Company's onsite contractor, Rimini Exploration, and will consist of a minimum of 1000 meters of diamond drilling to test the mineralization potential of several gold targets occurring within a corridor along the southern contact of the Dome Stock with felsic Volcanics 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 .8 meter (includes 23.4 g/t over 0.3 meter), 4.47 g/t gold over 1.4 meters, 17.02 g/t Au over .5 meter, 23.87 g/t Au over .2 meter, and 2.1 g/t Au over 5.5 meters* (see figure 2). \n\n\n \nThe initial drill program at McKenzie is designed 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 1,348.5-hectare property. \n\n\n \nThis initial drill program is expandable, and the Company is currently reviewing additional targets to test if the decision is made in the near term to expand phase one meterage.\n\n \n \n\nClick Image To View Full Size\n\n \n \nFigure 1: McKenzie Gold Project, Red Lake, Ontario, with area for upcoming drill program circled in red\n\n...