In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCMKTS; N6E:FSE) announced the initial results of completed phase two diamond drilling at its McKenzie gold project in Ontario's Red Lake District.
Reported results are from five holes. Of this set, hole MK-21-019 was the most impressive, returning "some significant intercepts," as described by President and CEO Alex Klenman in the release. For instance, the hole returned 136 meters (136m) of 1.25 grams per ton gold (1.25 g/t Au) from 148.5–285m downhole, including 44.9m of 3 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.
This intercept also included 1m of 59.8 g/t Au from 149.5–150.5m downhole, 1m of 15.5 g/t Au from 150.5–151.5m and 1m of 26.7 g/t Au from 180.4–181.4m. MK-21-019 showed an average grade of 0.74 g/t Au over 283.4m and ended in mineralization at 285m downhole.
Another highlight hole, MK-21-017, showed 6.2m of 1.35 g/t Au, including 1m of 6.38 g/t Au, and 40.3m of 0.58 g/t Au, including 11m of 1.04 g/t Au and 2m of 2.05 g/t Au.
"We have now intersected a couple of lengthy runs containing gold in holes that are over 170m apart, and that appear to be improving as you go deeper," Vice President of Exploration Warren Robb said in the release. "This information is really helpful and allows us get a handle on the orientation of this mineralized structure."
These five follow-up holes alone achieved what Nexus Gold's team aimed to accomplish with the entire phase two drill program. They improved upon the results of the 2020 campaign that targeted the St. Paul's Bay area of the property. Additionally, the new findings extended the previously encountered mineralization there and improved grades.
"The cores from the remaining holes were also well mineralized, so we're looking forward to seeing what they generate as well," Klenman said.
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