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.[NLINSERT]
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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Nexus Gold. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Nexus Gold.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nexus Gold, a company mentioned in this article.