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The prospecting program is primarily focused on the northern shores of
The current program has already generated positive results with the prospecting team identifying mineralization in two previously unknown trenches (see Map 1). 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
“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,
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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
- Hole MK-20-006, which intercepted 13.25 g/t Au over 2.75m, including 36.2 g/t Au over 1m
- MK-20-008 reported .62 g/t Au over 117.5m, including 1 g/t Au over 55m
- MK-21-018 intercepted 56m of 1.01 g/t Au (including 21.5m of 1.84 g/t Au, and 10m of 3.30 g/t Au)
- MK-21-018 also featured 37.6m of 2.78 g/t Au (including 24.7m of 4.05 g/t Au and 8m of 12.04 g/t Au)
- MK-21-018 included high-grade intervals of 23.10 g/t Au over 1m and 94.20 g/t Au over 1m. The entire length of the hole averaged .99 g/t Au over 198m
- MK-21-019 returned 136.5m of 1.25 g/t Au (including 44.9m of 3.00 g/t Au and 15.5m of 5.25 g/t Au)
- MK-21-019 also featured 29.4m of 1.82 g/t Au (including 6m of 5.45 g/t Au)
- MK-21-019 included high-grade intervals of 59.8 g/t Au over 1m, 15.5 g/t Au over 1m and 26.7 g/t Au over 1m. The entire length of the hole averaged .74 g/t Au over 283.4m, ending in mineralization
For a complete table of Nexus drill results at McKenzie, please visit the project section ofwww.nxs.gold.
All reported holes were drilled entirely in a granitic rock of the Dome stock and displayed patchy moderate-to-strong silica alteration. Silica altered intervals are typically associated with high density micro-fracturing and increased molybdenite and chalcopyrite mineralization. Fine-grained fluorescent scheelite was also observed. The granite was strongly magnetic, containing 2-3% fine-grained disseminated magnetite.
About the
The 100%-owned
Numerous high-grade historical samples^ have been recovered on the property, including 331.14 g/t Au, 212.8 g/t Au, and 313 g/t Au. In the summer of 2019, the Company conducted it's first ground reconnaissance program at McKenzie and results returned notable sample assays, including 135.4 g/t Au and 9.3 g/t Au (see Company news releases dated
Additional high-grade historical grab samples^ previously unknown to the Company and revealed in a report supplied by Rimini Exploration include several high-grade assays, including 142.49 g/t Au, 115.2 g/t Au, 114.57 g/t Au, 93.71 g/t Au, 68.03 g/t Au, 53.01 g/t Au, and 16.65 g/t Au from areas located on
Results from the Company’s initial summer 2020 drill program returned values similar to historic drilling in the area, which have been typically higher-grade intercepts over narrow widths (i.e., 0.5m to 1m of > 5 g/t Au). In addition, a second style of gold mineralization was discovered on the McKenzie property. These lengthy (> 100m) disseminated, sub and near one-gram gold intercepts more closely resemble the type of mineralization being explored by Premier Gold at the
Premier Gold’s Hasaga Property is host to the past-producing Hasaga and Gold
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Map 2:
^ Grab samples are selected samples and are not necessarily representative of mineralization hosted on the property
* Reported lengths are intercepts and are not true widths
*HASAGA PROJECT
About the Company
For more information, please visitnxs.gold
On behalf of the Board of Directors of
President & CEO
604-558-1920
info@nexusgoldcorp.com
www.nexusgoldcorp.com
Neither the
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