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Nexus Uranium Announces Commencement of Fieldwork at Cree East
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) (the "Company" or "Nexus") is pleased
About this update from Nexus Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) (the \"Company\" or \"Nexus\") is pleased to announce the commencement of fieldwork at the Cree East uranium project in the Athabasca Basin of Saskatchewan, Canada (the \"Cree East\" or the \"Project\"). Nexus has the right to earn up to a 75% interest in the Project from CanAlaska Uranium Ltd. (TSX: CVV) (\"CanAlaska\"). Mobilization for the upcoming program is anticipated to commence in the first week of July with the initial focus on relogging and recompiling the data from the historical drilling in preparation for the upcoming drill program, pending the receipt of final permits. \"We are excited to get up to site and commence initial fieldwork in preparation for the start of our drill program,\" commented Jeremy Poirier, CEO of Nexus Uranium. \"While this project has seen over $20 million in past exploration, it's been over twelve years since the last meaningful exploration program was concluded in 2012 following the Fukushima nuclear accident which curtailed uranium exploration globally. The fieldwork we are embarking on, in conjunction with the comprehensive review and data compilation provided by Condor Consulting, demonstrate our measured approach to exploration in this highly prospective land position.\" About Nexus Uranium Corp. Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin and the Wray Mesa uranium-vanadium project in Utah in addition to its precious metals portfolio that includes the development-stage Independence mine located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in Nevada, the Napoleon gold project in British Columbia, and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over $20 million in exploration to date. The Wray Mesa project covers 6,282 acres within the heart of the prolific Uruvan mining district in Utah and has extensive historical drilling of over 500 holes defining multiple mineralized zones. The Independence project hosts an M&I (measured and indicated) resource of 334,300 ounces of gold (28M tonnes at 0.41 g/t gold) and an inferred res...