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Nexus Gold Receives Drill Permit for McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - April 22,...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Receives Drill Permit for McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - April 22, 2020 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report that the Ontario Ministry of Energy, Northern Development and Mines, has issued an exploration drill permit for the Company's 100%-owned McKenzie Gold Project, located in Red Lake, Ontario. The exploration drill permit allows the Company to move forward on its planned phase one drill program. \n\n\n \nThe phase one program will consist of a minimum 1000-meter diamond drill campaign 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. Historic 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 \nThrough its onsite contractor, Rimini Exploration, Nexus is currently reviewing bid submissions from diamond drill contractors to complete the phase one drill program. Once the drill contractor has been selected and engaged, the Company plans to begin phase one drilling as soon as possible. This 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...