McKenzie Gold Project Diamond Drill Program
VANCOUVER - Nexus Gold Corp. has received assay results from Hole MK-21-018 from the recently completed phase two diamond drill program at the Company’s 100% owned McKenzie Gold Project, located in Red Lake, Ontario. The drilling completed in April was a follow up program designed to test and expand on the gold results obtained in the summer 2020 drill program in the St. Paul’s Bay area of the property.
Significant intercepts in hole MK-21-018 include: 56m of 1.01 grams-per-tonne (“g/t”) gold (“Au”), from 13 to 69 meters; Including 21.5m of 1.84 g/t Au, from 16 to 37.5 meters; Including 10m of 3.30 g/t Au, from 16 to 26 meters; 37.6m of 2.78 g/t Au, from 77.9 to 115.5 meters; Including 24.7m of 4.05 g/t Au, from 86.3 to 111 meters; Including 14m of 7.01 g/t Au, from 86.3 to 100.3 meters; and Which includes 8m of 12.14 g/t Au, from 86.3 to 92.3 meters. This hole also includes high grade intercepts of 1m of 23.10 g/t Au from 22 to 23 meters, and 1m of 94.2 g/t Au from 88.3 to 89.3 meters.
“We have successfully extended the zone found during the summer 2020 drill program, but what the drilling is showing us now is that there is a broader zone of lower grade material enveloping these higher grade quartz vein and veinlets,” said VP of Exploration, Warren Robb. “It is Impressive that the entire length of hole 18 averaged 0.99 grams per tonne gold over 198 meters, despite of the fact that 43.4 meters of that total returned values below 100 ppb.”
Drilling at St. Paul’s Bay area of the McKenzie project has so far outlined a board zone of mineralization which has been traced for approximately 200 meters, looks to be as wide as 40 meters, and appears to be striking to the northwest and dipping to the east. It remains open to the northwest and to depth.