- Nexus Gold (NXS) is preparing to continue Phase 2 diamond drilling at its McKenzie Gold Project
- The company is finalizing details on a 2000-meter diamond drill program, scheduled to commence in early November
- The company is currently reviewing drill site locations, access requirements and other logistics
- The McKenzie Gold Project is an approximately 1,400-hectare gold exploration project located in western Ontario
- Nexus Gold is a Canadian-based gold exploration and development company with a portfolio of projects in Canada and West Africa
- Nexus Gold Corp. (NXS) is down 12.5 per cent, trading at C$0.035 per share at 9:51 am ET
Nexus Gold (NXS) is preparing to continue Phase 2 diamond drilling at its McKenzie Gold Project, located in Red Lake, Ontario.
The company is finalizing details on a 2000-meter diamond drill program, scheduled to commence in early November.
The program will test the northerly trending gold mineralization already established in the St. Paul’s Bay region of the claim block.
The drill program will test areas under and north of Perch Lake, in an effort to increase the strike length of the mineralized zone.
The company is currently reviewing drill site locations, access requirements and other logistics.
President and CEO, Alex Klenman commented on the upcoming drill program.
“The discovery of the historic trenches north of Perch Lake gives us the ability to potentially extend the known strike length of mineralization in the southern section of McKenzie. The recent ground work confirmed favorable lithology in the area, opening up a new target zone for us to drill test. The goal is to expand known gold mineralization, so we’re eager to get back in with the drills and move the project forward.”
The McKenzie Gold Project is an approximately 1,400-hectare gold exploration project located in the heart of the historic Red Lake gold camp, in western Ontario. Areas of high-grade gold mineralization have been established within the northern portion of the claim block (McKenzie Island), with significant gold values having been drilled along a 600-meter strike in the southern portion of the property (St. Paul’s Bay area).
Nexus Gold is a Canadian-based gold exploration and development company with a portfolio of projects in Canada and West Africa. The company’s primary focus is on its 100%-owned, 98-sq km Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the approximately 1400-ha McKenzie Gold Project, located in Red Lake, Ontario.
Nexus Gold Corp. (NXS) is down 12.5 per cent, trading at C$0.035 per share at 9:51 am ET.
