Nexus Gold Corp. (TSXV:NXS) (OTC:NXXGF) has mobilised crews and equipment to its 100%-owned McKenzie Gold Project located at Red Lake, Ontario, and drilling is now underway.
The planned up to 2000m drill programme commenced with the first hole being drilled to test the northern extent of gold mineralisation identified by earlier drilling conducted by the company in April 2021 which included holes MK-21-018 and MK-21-019, both of which returned significant gold intercepts and to test gold mineralization recently identified during a fall targeting and prospecting program conducted north of Perch Lake.
Selective grab samples obtained during the fall programme have now returned gold assays of ^13.40 grams-per-tonne (g/t) gold (Au), 7.70 g/t Au, 6.83 g/t Au, 3.54 g/t Au, and 3.51 g/t Au, respectively, confirming mineralisation in this new area.
Three historical trenches and a new showing were also identified during the prospecting program.
The trenches are comprised of quartz veins containing clots and patches of semi massive chalcopyrite, 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 and lithologies established in the Company’s previous drill campaigns.
“We’re excited to test the new zones found north of Perch Lake,” said president and CEO, Alex Klenman.
“The geological environment is very similar to what we’ve already encountered and successfully drilled south of the lake. The high-grade samples obtained in this new zone confirm mineralization exists within this favourable host rock.
“We’re eager to see the data this first pass in the new area generates. We can potentially increase the strike length at McKenzie considerably and open up a whole new target area for further exploration.”
This second round of diamond drilling will be looking to expand on the results obtained in the company’s previous drill programmes. These programmes outlined a broad zone of gold mineralisation in the St. Paul’s Bay area, located in the southernmost section of the claim block below Perch Lake.
Significant results from these drill programs include:
- MK-20-RC-006: 2.75m of 13.25 grams-per-tonne (g/t) gold (Au), including 1m of 36.20 g/t Au (68.75m to 70.5m)
- MK-20-RC-008: 55.5m of 1 g/t Au (67.5m to 123m), including 16m of 1.42 g/t Au, 6m of 2.37 g/t Au, and 9m of 1.14 g/t Au
- MK-21-DD-018: 56m of 1.01 g/t Au (13m to 69m), including 21.5m of 1.84 g/t Au, 10m of 3.30 g/t Au, and 1m of 23.1 g/t Au. Other intercepts included 37.6m of 2.78 g/t Au (77m to 115m), including 24.7m of 4.05 g/t Au, 14m of 7.01 g/t Au, and 1m of 94.2 g/t Au.
- The entire length of MK-21-DD-018 averaged .99 g/t Au over 198m.
- MK-21-DD-019: 136m of 1.25 g/t Au (148m to 285m), including 44.9m of 3.00 g/t Au, 15.5m of 5.25 g/t Au, 29.4m of 1.82 g/t Au, and 6m of 5.45 g/t Au. High-grade intercepts included 1m of 59.8 g/t Au, 1m of 15.5 g/t Au, and 1m of 26.7 g/t Au.
- Hole MK-21-DD-19 ended in mineralization at 285 meters, with an average grade of the hole returning .74 g/t Au over 283.4m.
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