Nexus GOLD Begins Airborne Survey at the New Pilot Copper-GOLD Project
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD BEGINS AIRBORNE SURVEY AT THE NEW PILOT
COPPER-GOLD PROJECT
Vancouver, Canada – March 16, 2021 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to report that it has begun a 301 line kilometer airborne magnetic
and radio metric survey on its 100% owned New Pilot Copper -Gold property located near Bralorne,
B.C., Canada.
The survey, conducted by Precision GeoSurveys Inc., is designed to aid in structural and geological
interpretations of the mineralization encountered to date on the property. New Pilot is a copper-gold
exploration property located in the historic Bridge River Mining Camp, approximately 180 kilometers
north of Vancouver, and 10.5 kilometres west of the village of Gold Bridge, British Columbia.
Previous work by the Company in 2019 at New Pilot consisted of a summer reconnaissance and
sampling program in and ar ound areas of historical exploration . A total of 36 rock samples were
collected at this time. Results confirmed a zone of copper-gold mineralization, with selective samples
returning values of 15.3 grams -per-tonne (“g/t”) gold (“Au”), 33.4 g/t, silver (“Ag”), and 2.5% copper
(“Cu”), in addition to 4.27 g/t Au, 5.5 g/t Ag, and 0.27% Cu, and 3.91 g/t Au, 3.72 g/t Ag, and 0.51% Cu
(See company News Release dated August 27, 2019).
The 50 9-hectare property has been the subject of historical exploration. Between 1992 to 1994
Cogema Canada Ltd conducted detailed prospecting and sampling. 99 grab samples were taken in
three zones, with three returning values in excess of 100 g/t Au, includi ng 102 g/t Au, 106 g/t Au with
visible gold, and 111g/t Au; three returning values in excess of 10 g/t Au (17 g/t Au, 21 g/t Au, 33 g/t
Au); and 14 others returning values in excess of 1 g/t Au.
In addition, 59 soil samples, 229 rock samples, and 66 cor e samples from a small 108 -meter diamond
drill program were also obtained. Significant results obtained included chip samples of 4.03 g/t Au over
10 meters, and 1 g/t Au over 10.5 meters in drill core.
Three styles of mineralization have been identified on the Project: siliceous fractures containing
sulphides, carbonate altered shears, and quartz veins containing arsenopyrite. The Project location is
situated at the contact of the Coast Crystalline Complex and the Bridge River sediments. Over the past
80 years several exploration programs have been conducted over or near the property, initially
concentrating on the Pilot Mine and its strike extension. The Project is relatively close to the producing
Bralorne Pioneer Mine, lying 18 kilometres to the south east.
Image 1: Location of the New Pilot Copper-Gold Project, NW of Bralorne, BC, Canada
The Bralorne gold camp represents one of Canada’s most prolific mining operations. From 1928 to
1971, the Bralorne and nearby Pioneer and King mines produced 4.15 million ounces of gold from 7.9
million tons of ore*. The Bridge River Mining Camp is the largest past producer of gold in British
Columbia**. In 2017, Blackstone Minerals Ltd, an Australian -based company, acquired the Little Gem
Project, a h igh-grade cobalt and gold project, located approximately 900 meters from the New Pilot
location.
* Avino Silver & Gold Mines, Ltd
** Bralorne Project 1992 Pilot Property BC Assessment Report, Schimann-Robb, 1992
- Grab samples are selective by nature and may not represent the true grade or style of mineralization
across the property.
Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person as defined by
National Instrument 43 -101 and is responsible for , and has approve d, the technical information
contained in this release.
About the Company
Nexus Gold is a Canadian -based gold exploration and development company with an extensive
portfolio of eleven 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%-owned Canadian projects include the McKenzie Gold Project in Red
Lake, Ontario; the New Pilot Project, located in B ritish 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.
For more information, please visit nexus.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
www.nxs.gold
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the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could diff er materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or
other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations . We do
not assume any obligation to update any forward-looking statements, except as required by applicable laws.