Nexus Gold Announces Drill Targets at McKenzie Gold Project
Vancouver, Canada -- May 8, 2020 -- NewsGenie -- Nexus Gold Corp. (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) has determined drill targets for its upcoming diamond drill program at the 100%-owned McKenzie Gold Project in Red Lake, Ontario. The phase one program will consist of a minimum 1000-meter diamond drill campaign, with up to 10 drill holes. Phase one is designed to test the mineralization potential of gold targets in the southernmost section of the 1,348-hectare claim block.
Historic drilling in 2005 returned results, including 7.49 grams-per-tonne (“g/t”) gold (“Au”) over 8.2 meters, 15.54 g/t Au over 0.8 meters, and 4.47 g/t gold over 1.4 meters. Drilling will test extensions of intersections obtained by earlier drill programs, such as intersections in historic drill hole M05-14 (15.54 g/t Au over 0.80 meters) and M05-3 (4.04 g/t Au over 0.45m and 23.87 g/t Au over 0.2 meters). The program will also test the potential of East-West trending shears along the geological contact of the Dome Stock with Volcanic rocks of the Balmer assemblage based on prospecting samples (1550 ppb Au, 1850 ppb Au, 962 ppb Au and 723 ppb Au) collected during the Company’s 2019 prospecting program.
The initial drill program is expandable, and the Company is reviewing additional targets. According to president and CEO, Alex Klenman, the drill program is an excellent start to conduct multiple drill programs at McKenzie in 2020. Start of the phase one drill program is anticipated to begin later in May.
Figure 1: McKenzie Gold Project, Red Lake Ontario
Figure 2: Phase One Drill Targeting, McKenzie Gold Project, Red Lake, Ontario
Warren Robb P.Geo., Vice President, Exploration, is the Qualified Person responsible for the technical information in this release.
Nexus Gold is a Canadian-based gold development company with eleven exploration projects in Canada and West Africa.