Nexus Gold (TSX.V: NXS) has released the initial assay results from the phase 2 diamond drill program at the company's 100% owned McKenzie Gold Project, in Red Lake, Ontario.
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 results include hole MK-21-019 which returned 136 meters of 1.25 grams-per-tonne (“g/t”) gold (“Au”), from 148.5m depth to 285m depth, which includes 44.9m of 3.00 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 includes 1m of 59.8 g/t Au from 149.5 to 150.5 meters, 1m of 15.5 g/t Au from 150.5 to 151.5 meters, and 1m of 26.7 g/t Au from 180.4 to 181.4 meters. This hole ended in mineralization at 285 meters, with an average grade of the hole returning 0.74 g/t Au over 283.4m.
Hole MK-21-017 returned 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’re pleased with the results in the first few holes from the follow up program at McKenzie,” said Alex Klenman, President and CEO. “Our goal was to improve on the 2020 results, to extend the length of the mineralization previously encountered in this particular zone, and if possible, better the grades. So far, we’ve been able to do that, specifically in hole 19 that returned some significant intercepts. The cores from the remaining holes were also well mineralized, so we’re looking forward to seeing what they generate as well,” continued Mr. Klenman.
“ These are very encouraging results as we have now intersected a couple of lengthy runs containing gold in holes that are over 170 meters apart, and that appear to be improving as you go deeper,” said VP of Exploration, Warren Robb. “This information is really helpful and allows us get a handle on the orientation of this mineralized structure,” continued Mr. Robb.