Nexus Gold (TSX.V: NXS) has released results from hole MK-21-018 from the recently completed phase 2 diamond drill program at the company's 100-per-cent-owned McKenzie gold project, located in Red Lake, Ont.
The drilling completed in April was a follow up program designed to test and expand on the gold results obtained in the Company's summer 2020 drill program in the St. Paul's Bay area of the property.
Significant intercepts in hole MK-21-018 include:
- 56m of 1.01 grams-per-tonne ("g/t") gold ("Au"), from 13 to 69 meters
- Including 21.5m of 1.84 g/t Au, from 16 to 37.5 meters
- Including 10m of 3.30 g/t Au, from 16 to 26 meters
- 37.6m of 2.78 g/t Au, from 77.9 to 115.5 meters
- Including 24.7m of 4.05 g/t Au, from 86.3 to 111 meters
- Including 14m of 7.01 g/t Au, from 86.3 to 100.3 meters
- Which includes 8m of 12.14 g/t Au, from 86.3 to 92.3 meters
This hole also includes high grade intercepts of 1m of 23.10 g/t Au from 22 to 23 meters, and 1m of 94.2 g/t Au from 88.3 to 89.3 meters.
Note: Reported lengths are intercepts and are not true widths
Drill holes MK-21-018 and MK-21-019 (previously reported in Company news release dated May 25, 2021) were drilled as a pair to extend a zone containing visible gold observed in hole 18. See following Image 1 following.
"We have successfully extended the zone found during the summer 2020 drill program, but what the drilling is showing us now is that there is a broader zone of lower grade material enveloping these higher grade quartz vein and veinlets ," said VP of Exploration, Warren Robb. "It is Impressive that the entire length of hole 18 averaged 0.99 grams per tonne gold over 198 meters, despite of the fact that 43.4 meters of that total returned values below 100 ppb," continued Mr. Robb
Drilling at St. Paul's Bay area of the McKenzie project has so far outlined a board zone of mineralization which has been traced for approximately 200 meters, looks to be as wide as 40 meters, and appears to be striking to the northwest and dipping to the east. It remains open to the northwest and to depth.
"This latest hole helps confirm we have discovered a significant zone of interest that trends to the northwest in the St. Paul's Bay region of the property," said Alex Klenman, President and CEO. "We are beginning to get a handle on the mechanics of it, and once all the results are received, we'll review the data and determine where the next round of drilling will occur. We are pleased with the results so far and look forward to seeing what the remaining holes from this program generate," continued Mr. Klenman.
Assays from holes MK-21-020, MK-21-021 and MK-21-022 are pending, results will be released once received, reviewed, and verified by the Company's Qualified Person.
Previous drill results from this program included hole MK-21-019 which intercepted 136.5M of 1.25 g/t Au, including 44.9m of 3.00 g/t Au and 15.5m of 5.25 g/t Au, 29.4m of 1.82 g/t Au and 6m of 5.45 g/t Au. Hole MK-21-017 intercepted 40.3m of 0.58 g/t Au, including 11m of 1.04 g/t Au.
Initial drilling in the same St. Paul's Bay area of the claim block in the summer of 2020 included notable intercepts in hole MK-20-006 which returned 2.75m of 13.25 g/t Au, and hole MK-20-008, which returned 117.5m of .62 g/t Au, including 55.5m of 1.00 g/t Au, and 16m of 1.42 g/t Au, 6m of 2.37 g/t Au and 9m of 1.14 g/t Au.
All reported holes were drilled entirely in a granitic rock of the Dome stock and displayed patchy moderate-to-strong silica alteration. Silica altered intervals are typically associated with high density micro-fracturing and increased molybdenite and chalcopyrite mineralization. Fine-grained fluorescent scheelite was also observed. The granite was strongly magnetic, containing 2-3% fine-grained disseminated magnetite.