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Nexus Gold Plans Drill Program at McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - December ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Plans Drill Program at McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - December 19, 2019 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to announce it will be advancing its exploration efforts on its 100%-owned McKenzie Gold Project, located in Red Lake, Ontario. \n\n\n \nThe company intends to conduct a phase one, minimum 1000-meter, diamond drill program to test the mineralization potential of a corridor occurring along the southern contact of the Dome Stock with felsic Volcanics of the Balmer Assemblage, in later winter/early spring 2020. Historic drilling conducted in 2005 along this corridor in the St. Paul's area 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 drill program will be designed to test anomalous rock samples that were collected as part of the 2019 fall prospecting program recently completed by Rimini Exploration in the St. Paul's Bay area of the property. The prospecting program traced the mineralized contact corridor to the property's eastern boundary. Mineralization identified in the prospecting program consisted of disseminated pyrite and chalcopyrite hosted in sheared chloritized felsic tuffs displaying zones of carbonate, sericitic and silicious alteration. Assay values up to 1.8 g/t gold, 33.5g/t silver and .312 % copper were returned from rocks samples collected during the fall program. \n\n\n \nThe phase two prospecting program 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 \n \"We're eager to conduct our first drill campaign at McKenzie, all the data we've compiled so far has given us multiple, compelling targets,\" said President & CEO, Alex Klenman. \"Historical drilling and sampling, and our own groundwork, has revealed several m...