Nexus Gold Mobilizes Diamond Drill to the Mckenzie Gold Project, Red Lake, Ontario
(firmenpresse) - Vancouver, Canada - March 25, 2021 - Nexus Gold Corp. (Nexus or the Company) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report that its drilling contractor, Full Force Drilling, is currently mobilizing crews and equipment to the Companys 100%-owned McKenzie Gold Project, located in Red Lake, Ontario.
This phase two program will consist of up to 2000 meters of diamond drilling to test the lateral and depth extensions of gold mineralization found during last summers drill program in the St. Pauls Bay area of the property. Drilling is expected to commence over the upcoming weekend.
During the companys 2020 phase one drill program gold mineralization was encountered in 11 of 13 holes drilled with significant intersections being reported from holes MK-20-006 which returned 2.75 meters of 13.25 grams-per-tonne (g/t) gold (Au), including 36.20 g/t Au over 1m, and MK-20-008 returned a significant intercept of 117.5 meters of 0.62 g/t Au, including 55.5 meters of 1.00 g/t Au, which also includes intercepts of 6m of 2.37 g/t Au, 2m of 4.28 g/t Au, and 9m of 1.14 g/t Au, among others (see table 1). Drill hole MK-20-007, which was drilled approximately 25m east of hole MK-20-008, returned anomalous gold grades of 0.36 g/t Au over 117m, including notable intercepts 9.4m of 1.26 g/t Au, 4m of 1.13 g/t Au, and 1.5m of 4.64 g/t Au.
We are happy to get back to McKenzie and potentially build on the positive results of last year, said Alex Klenman, President and CEO. With that initial drill program, we were able to not only replicate the higher-grade, narrow gold intercepts previously encountered in historical drilling, but we were also able to establish the presence of lengthier runs of near one-gram disseminated gold, which hadnt been drilled there before. With two types of mineralization in the southern section of the property, its a compelling target area and one were eager to expand on, continued Mr. Klenman.
Gold intercepts from the phase one program are tabled below:
HOLE IDUTM E UTM N Dip AzimutFrom To Length Au
h meters g/t
MK-20-0437729 5652199-50 360 41.25 41.750.5 5.75
01 .7
86 90 4 1.41
includi 89 90 1 4.30
ng
MK-20-0437601 5652153-50 360 50.2 50.7 0.5 5.21
02 .5
MK-20-0437601 5652153-65 360 107.5 108 0.5 1.82
03 .5
MK-20-0437651 5652138-50 360 130 131 1 7.43
04 .7
MK-20-0437684 5652197-50 360 10 11 1 1.57
05 .3
44 45 1 1.61
46 47 1 3.42
93.9 94.4 0.5 5.27
100.5 107 1.5 1.07
MK-20-0437684 5652197-65 360 12.5 13.5 1 1.25
06 .3
15.5 18 2.5 1.01
28 29 1 1.34
68.75 71.5 2.75 13.25
includi 69.5 70.5 1 36
ng
MK-20-0437675 5652424-50 360 5.6 123 117.4 0.33
07
includi 5.6 15 9.4 1.26
ng
13.5 15 1.5 4.63
44 48 4 1.13
66 67.5 1.5 1.02
MK-20-0437646 5652413-50 360 5.5 123 117.5 0.62
08
includ 22.5 24 1.5 1.23
ing
and 67.5 123 55.5 1.00
includi 72 73.5 1.5 1.44
ng
and 75.5 76.5 1 1.33
and 77.5 79.5 2 1.21
and 82.6 98.6 16 1.42
includi 90.6 96.6 6 2.37
ng
includi 91.6 93.6 2 4.28
ng
includi 93.6 98.6 5 1.26
ng
and 102.6 105.64 1.07
and 110.6 119.69 1.14
and 117.6 119.62 1.54
MK-20-0437646 5652166-50 360 125 126 1 1.34
09
127 128 1 1.36
MK-20-0437562 5652193-50 360 12 13 1 1.02
10
76.5 78 1.5 1.02
100 102 2 2.94
includi 101 102 1 4.68
ng
112.5 114.52 1.37
includi 113.5 114.51 4.05
ng
MK-20-0437649 5652222-50 360 70.5 72 1.5 1.12
11
MK-20-0437652 5652139-65 360 53 54 1 2.39
13
Table 1: Summary of significant drill results, summer 2020 drill program, McKenzie Gold Project
The company will be testing two styles of mineralization on the property, with a series of gold bearing quartz veins encountered in holes MK-20-1-6, 9, and 10 and broader, disseminated gold mineralization occurring in the Dome Stock in drill holes Mk-20-007 and 008. The company has once again contracted Rimini Exploration to operate the project and conduct the geological and technical logging as well as handling, splitting, and sampling of the drill core.
https://www.irw-press.at/prcom/images/messages/2021/57502/NexusGoldDRILLMOBEMCKENZIE(MAR252021)_PRcom.001.png
Figure 1: McKenzie Gold Project, Red Lake, Ontario, Canada
Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of eleven projects in Canada and West Africa. The Companys West African-based portfolio totals five projects encompassing over 750-sq kms of land located on active gold belts and proven mineralized trends, while its 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario; the New Pilot Project, located in British Columbia''s historic Bridge River Mining Camp; and four prospective gold and gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its portfolio.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info(at)nexusgoldcorp.com
www.nxs.gold
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Grande West Receives $5 Million USD Order for Vicinity™ CNG Buses">
" alt="Fosterville South Commences Drilling at Moormbool">
Datum: 25.03.2021 - 08:32 Uhr
Sprache: Deutsch
News-ID 1566012
Anzahl Zeichen: 3601
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 264 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Nexus Gold Mobilizes Diamond Drill to the Mckenzie Gold Project, Red Lake, Ontario
"
steht unter der journalistisch-redaktionellen Verantwortung von
Nexus Gold Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
