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TICKERS: NXS; NXXGF

Gold Company Completes Phase 2 Exploration Work at Red Lake Project
News Update

Source:

Results will assist in delineating future potential drill targets there.

Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release it completed its second phase of prospecting at its McKenzie gold project in Ontario's Red Lake.

The work included procuring 60 grab and chip samples from the 1,348.5 hectare property. Results are pending.

The purpose of phase 2 was to determine areas of interest and potential future drill targets in the property's southern end. Thus, most of the exploration took place in and around Perch Lake.

Historical drilling there returned such gold assays as 7.49 grams per ton (7.49 g/t) over 8.2 meters (8.2m), 15.54 g/t over 0.8m and 17.02 g/t over 0.5m.

"The volume of high-grade samples and even the limited drilling done at McKenzie make it a very compelling exploration target," President and CEO Alex Klenman said in the release, noting that the project is a priority for Nexus.

The company is now defining targets for upcoming drilling at the project.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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