Targeting Program Underway At The McKenzie Gold Project

VANCOUVER - Nexus Gold Corp. reported that an effort to guide upcoming drill plans that it has begun a prospecting and targeting program at the McKenzie Gold Project, located in Red Lake, Ontario, Canada. The prospecting program is primarily focused on the northern shores of Perch Lake in the St. Paul’s Bay area of the 1,400-ha project and is designed to explore and confirm the extension of mineralization previously identified by the company in its spring 2021 diamond drill program.  

The current program has already generated positive results with the prospecting team identifying mineralization in two previously unknown trenches.  Mineralization within these trenches consists of quartz veins containing clots and patches of semi massive Chalopyrite, Pyrite and Molybdenite.  The veins are hosted in granite which displays strong pervasive silica flooding.  Local discrete shearing in both trenches trend at approximate attitudes of 330° and dip 70° to 80° to the east, displaying similar trends as were observed in the spring drilling campaign.  The trenches are located on the northern shore of the Perch Lake and extend the known mineralization some 400 meters to the north and north-west.

“This is a terrific start to our program as this newly identified mineralization will greatly aid us in designing our upcoming drill programs,” said VP Exploration, Warren Robb.  “It appears that the mineralization identified in our drilling to date is trending north-northwest and our prospecting efforts have now doubled the length of this mineralization to over 800 meters along strike.”

Samples from this program have been forwarded to the lab for analysis.  Once assay results are received and verified plans will be finalized for an up to 2000-meter, phase three diamond drill program scheduled for Q4 of this year. Drilling in 2020 and 2021 in the St. Paul’s Bay area of the McKenzie project has so far outlined a broad zone of mineralization defined by combination of significant higher grade intercepts and lengthier runs of sub two grams-per-tonne (“g/t”) gold (“Au”).