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Nexus Gold to Begin Exploration Work at McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) - 2017 high-grade grab samples include 331 ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold to Begin Exploration Work at McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \n\n\n- 2017 high-grade grab samples include 331 g/t Au, and 313 g/t Au\n\n\n\n- 600-meter strike length established through prior drilling in 2005\n\n\n\n- 1,348.5-hecatre property located in the prolific Red Lake Gold Camp\n\n\n\n \n \nVancouver, Canada / TheNewswire / May 13, 2019 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report that it has finalized its upcoming exploration plans for its 100%-owned McKenzie Gold Project, situated in Red Lake, Ontario. \n\n\n \nOver the past two months the Company has been reviewing historic exploration activities on and around its 1,348.5-hectare McKenzie Gold property. The project is located in the heart of the world-famous Red Lake gold camp. The highly prospective geological setting is analogous to several past producers. McKenzie hosts nine documented historical gold occurrences with limited exploration and is preferentially situated adjacent to Newmont Goldcorp on its east and northern boundaries, and Pure Gold Mining's Madsen project on the southern boundary. \n\n\n \nThe Company intends to conduct a detailed prospecting program, supplemented with ground geochemical and geophysical surveys, over the property to identify geologic trends and structures suitable for drill testing. Phase one field work (including detailed mapping and sampling), under the direct supervision of Nexus Gold senior geologist and Vice President of Exploration, Warren Robb, is scheduled to begin in the coming weeks and will extend throughout the summer months. \n\n\n \n\"We're happy to begin developing our Canadian assets,\" said president & CEO, Alex Klenman. \"Both McKenzie, and our New Pilot property in BC, represent prospective high-grade projects, and we intend to allocate appropriate resources to expedite their development over the next several months,\" continued Mr. Klenman.\n\n\n \nHistorical work on the property has resulted in several significant prospecting discoveries, with high-grade samples returning up to 313 grams-per-tonne (\"g/t\") gold (\"Au\"). A new showing on the southwest corner of McKenzie Island, located in the northern portion of the project area, was also discovered and returned multiple high-grade samples ranging from 9.3...