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News Update


Explorer's First 2020 Holes Encounter Visible Gold at Red Lake Project
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Based on these initial results, Nexus Gold expanded its drill program there.

In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced results of the initial six holes drilled recently at its McKenzie project in Ontario's Red Lake District.

"This is a really positive start. Visible gold in core is always exciting," Vice President of Exploration Warren Robb said in the release.

Results are in for the six holes drilled over 784 meters (784m) in the St. Paul's Bay area but are pending for the remaining seven holes of phase 1.

Of the six, holes MK2020-001, -002 and -003 showed elevated gold assays. Core from MK2020-004, -005 and -006 contained visible gold, the company indicated.

Hole MK2020-006 intersected a zone containing a blue gray quartz vein at 69.5m downhole and returned values of 13.25 grams per ton gold (13.25 g/t Au) over 2.75m from 68.75–71.50m, including 1m of 36.2 g/t Au.

MK2020-005, drilled from the same location as -006, encountered the same vein at 44m downhole.

"We're pleased with the progression of the results received from the first few holes. These initial holes produced similar results to historical drilling in the same area, i.e., narrow intercepts of 1–7 g/t gold over various lengths between 1m and 4m," President and CEO Alex Klenman said in the release. "Results were getting more interesting the further we got into the drill program, so naturally we're eager to see what the next batch of assays reveal and to see if we can both extend intercept lengths, and continue to see additional significant mineralization."

Accordingly, Nexus Gold expanded its drill program to 2,000 meters from 1,000 meters.


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.
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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 article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nexus Gold, a company mentioned in this article.

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