Nexus Gold Secures Drill Permit for McKenzie Gold Project, Ontario
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The Ontario Ministry of Energy, Northern Development and Mines has issued an exploration drill permit for Nexus Gold’s McKenzie Gold Project, located in Red Lake, Ontario. The exploration drill permit allows the company to move forward on its planned phase one drill program.
The phase one program will consist of a minimum 1000-meter diamond drill campaign to test the mineralization potential of several gold targets occurring within a corridor along the southern contact of the Dome Stock with felsic Volcanics of the Balmer Assemblage.
The initial drill program at McKenzie is designed to follow up on anomalous rock samples that were collected as part of the 2019 fall prospecting program completed in the St. Paul’s Bay area of the property. The prospecting program traced the mineralized contact corridor to the property’s eastern boundary to further determine areas of interest on the property’s southern end. The focus of the prospecting was concentrated in and around Perch Lake, in the Saint Paul’s Bay area, located in the southernmost section of the 1,348.5-hectare property.
Through its onsite contractor, Rimini Exploration, Nexus is currently reviewing bid submissions from diamond drill contractors to complete the phase one drill program. Once the drill contractor has been selected and engaged, the company plans to begin phase one drilling as soon as possible. This initial drill program is expandable, and the company is currently reviewing additional targets to test if the decision is made in the near term to expand phase one meterage.
“We’re pleased to begin drill testing McKenzie,” said President and CEO, Alex Klenman.
“There are several areas of interest on the property, and we’re going to systematically work our way through these zones. This initial program will test an area that has already generated some high-grade drill intercepts in the past. McKenzie is our primary Canadian project, and we plan on conducting multiple drill programs at Red Lake this year. We believe McKenzie holds a lot of unrealized value and drilling is obviously the key to unlocking it,” added Klenman.
About Nexus Gold
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of eleven exploration projects in Canada and West Africa. The company’s West African-based portfolio totals five projects encompassing over 750-sq kms of land located on active gold belts and proven mineralized trends, while it’s 100 percent-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia’s historic Bridge River Mining Camp, and four prospective gold and gold-copper projects (3,700-ha) in the Province of Newfoundland. The company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
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