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Explorer to Start Drilling at Red Lake Project This Week
News Update


Initially, Nexus Gold plans to drill over 1,000 meters to test several targets for mineralization potential.

McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in red

In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it is getting a crew and the necessary equipment to its McKenzie gold project in Ontario's Red Lake District for its imminent drill program.

Drilling is expected to commence later this week and be conducted in phases. During the initial phase, the Vancouver, British Columbia-based company will diamond drill test 1,000-plus meters encompassing several gold targets that are in a corridor along the Dome Stock's southern contact.

The company noted that historical drilling "conducted in 2005 along this corridor returned significant values, including 7.49 grams-per-tonne (g/t) gold (Au) over 8.2 meters, 15.54 g/t Au over 0.8 meter (includes 13.08 g/t over 0.3 meter and 17.02 over 0.5m), 4.47 g/t gold over 1.4 meters, 23.87 g/t Au over 0.2 meter, and 2.1 g/t Au over 5.5 meters."

The program will expand the 2005 drilling and follow up on anomalous rock samples collected in 2019 from the property's St. Paul's Bay area.

Nexus Gold noted that it will assess additional targets and, if warranted, increase its drilling during this first phase.


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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