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Nexus Gold Updates Drill Plans at McKenzie Gold Project, Red Lake, Ontario
(via TheNewswire) Vancouver, Canada - TheNewswire - February ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Updates Drill Plans at McKenzie Gold Project, Red Lake, Ontario(via TheNewswire)\n \n \nVancouver, Canada - TheNewswire - February 25, 2020 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to update shareholders on the upcoming drill campaign at the 100%-owned McKenzie Gold Project, located in Red Lake, Ontario. \n\n\n \nThe drill permitting process has been underway and is anticipated to conclude shortly. Upon confirmation that permits have been received the Company will commence 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. \n\n\n \nHistoric 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 upcoming drill program is designed to test anomalous rock samples that were collected as part of the 2019 fall prospecting program 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 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\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\n \n\"We're eager to get our first drill program at McKenzie underway,\" said president and CEO, Alex Klenman. \"Prior work by other operators at McKenzie has produced some compelling results, both through sampling and through limited drilling. There have been some high-grade intercepts in the southern portion of the property, so we'd like to follow up and see if we can replicate or improve those numbers. We're going t...