McKenzie Gold Project Second Round Of Drilling Successfully Intersected Gold Mineralization

VANCOUVER - Nexus Gold Corp. reported that seven of the eight holes drilled at the McKenzie Gold Project, located at Red Lake, Ontario, successfully intersected gold mineralization.  To date Nexus has drilled 30 holes at McKenzie, with 27 returning gold values of 1 gram-per-tonne gold or better.   Data generated shows a mineralized trend that develops south of Perch Lake and continues in a north/north-westerly direction. All drill holes were collared in the Dome Stock and successfully cored through granitic rock displaying zones of potassic (K) alteration with zones of silica and sericitic alteration; sulphide mineralization consisting primarily of pyrite with lesser chalcopyrite; and occasional molybdenite and sphalerite hosted in quartz carbonate stringers and veins, which was reported occurring in both alteration styles but in greater amounts in the siliceous sericitically altered granite.  

This second round of drilling, completed in December 2021, was designed to test gold anomalies occurring in and around historic trenches identified earlier in the fall by prospecting teams employed by the Company. The program was also testing the potential strike extension of mineralization identified in the first round of phase two drilling in the spring of 2021. The program consisted of eight drill holes totaling 2000 meters

“This round of drilling has shown that the longer gold intercepts hosted in the silicious and sericitic altered granite is trending to the north west, towards the historic Trench 3 found in our recent prospecting program,” said VP Exploration, Warren Robb.  “We clipped this zone in hole 27 but clearly intersected it in hole 28 adding an addition 50 meters to this zone’s strike extent.  The drilling north of Perch Lake has intersected a higher grading quartz vein which was intersected by holes 24 and 25 and we have traced it now for 50 meters.”

Drill core is logged and sampled in a secure core storage facility located in Red Lake, Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited independent mineral analysis laboratory, for analysis.  All samples are analyzed for gold using standard Fire Assay-AA techniques.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Nexus’s quality control/quality assurance program (QA/QC).