NEXUS GOLD DRILLS 24.7m of 4.05 g/t Au, including 8m of 12.14 g/t Au, within 56m of 1.01 g/t Au, AT THE MCKENZIE GOLD PROJECT, RED LAKE, ONTARIO
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD DRILLS 24.7m of 4.05 g/t Au, including 8m of 12.14 g/t Au, within 56m
of 1.01 g/t Au, AT THE MCKENZIE GOLD PROJECT, RED LAKE, ONTARIO
Vancouver, Canada – June 1, 2021 – Nexus Gold Corp. (“Nexus” or the “ Company”) (TSX -V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to report it has received assay results from Hole MK-21-018 from
the recently completed phase two diamond drill program at the Company’s 100% owned McKenzie
Gold Project, located 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 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
• Including 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.
Results from Hole MK-21-018 are tabled below:
DRILL HOLE UTM_E UTM_N ELEV (m) AZIMUTH DIP FROM TO LENGTH Au g/t
MK-21-018 437704 5652260 383.6 0 -50 2.55 7 4.45 2.35
includes 6 7 1 6.64
13 69 56 1.01
Includes 16 37.5 21.5 1.84
Includes 16 26 10 3.30
Includes 22 23 1 23.10
77.9 115.5 37.6 2.78
Includes 86.3 115.5 29.2 3.43
Includes 86.3 111 24.7 4.05
Includes 86.3 100.3 14 7.01
Includes 86.3 94.3 8 12.14
Includes 86.3 92.3 6 16.09
Includes 88.3 89.3 1 94.20
139.1 140.3 1.2 1.02
151 152 1 1.20
174 175 1 1.16
* 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 materia l 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.
Image 1: Cross section looking east, holes MK-21-018 & 19, showing downhole assay results
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.
Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core
samples from the program are cut in half, using a diamond cu tting saw, and are sent to Activation
Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are
analyzed for gold using standard Fire Assay-AA techniques. Certified gold reference standards, blanks
and field duplicates are routinely inserted into the sample stream, as part of Nexus’s quality
control/quality assurance program (QA /QC). No QA/QC issues were n oted with the results reported
herein.
About the McKenzie Gold Project
The 100%-owned 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, Canada. Areas of high-
grade gold mineralization have been established within the northern portion of the claim block
(McKenzie Island) , with significant gold values hav ing been drilled along a 600-meter strike in the
southern portion of the property (St. Paul’s Bay area).
Numerous high-grade historical samples ^ have been recovered on the property, including 331.14 g/t
Au, 212.8 g/t Au, and 313 g/t Au. In the summer of 2019, the Company conducted it's first ground
reconnaissance program at McKenzie and results returned notable sample assays, including 135.4 g/t
Au and 9.3 g/t Au (see Company news releases dated June 25, 2019, and October 11, 2019).
Additional high-grade historical grab samples^ previously unknown to the Company and revealed in a
report supplied by Rimini Exploration include several high-grade assays, including 142.49 g/t Au, 115.2
g/t Au, 114.57 g/t Au, 93.71 g/t Au, 68.03 g/t Au, 53.01 g/t Au, and 16.65 g/t Au from areas located on
McKenzie Island (north block) (see Company news release dated October 11, 2019).
Significant results from the Company’s initial drill program in August 2020 include hole MK -20-006
which returned 2.75 meters of 13.25 g/t Au, including 1m o f 36.2 g/t Au, and hole MK-20-007, which
returned 117.5m of .62 g/t Au, including 55.5m of 1.00 g/t Au, which included 16m of 1.42 g/t Au
(including 6m of 2.37 g/t Au and 2m of 4.28 g/t Au), and 9m of 1.14 g/t Au.
Results from the Company’s initial summer 2020 drill program returned values similar to historic drilling
in the area, which have been typically higher-grade intercepts over narrow widths (i.e., 0.5m to 1m of
> 5 g/t Au). In addition, holes 007 and 008 identified a second style of gold mineraliza tion on the
McKenzie property. T hese lengthy (> 100m) disseminated, sub and near one -gram gold intercepts
more closely resemble the type of mineralization being explored by Premier Gold at the Hasaga Project,
located approximately 5kms east of the McKenzie project ground.
Premier Gold’s Hasaga Property is host to the past -producing Hasaga and Gold Shore Mines and is
strategically located proximal to the Balmer -Confederation regional unconformity, recognized as an
important geologic feature at the multi -million ounce past and currently producing Red Lake area
mines. The deposits on the Hasaga Project are estimated as hosting an Indicated mineral resource of
1,123,900 ounces of gold with an average grade 0.83 g/t Au. *
Figure 2: McKenzie Gold Project, Red Lake, Ontario
^ Grab samples are selected samples and are not necessarily representative of mineralization hosted on the
property
* HASAGA PROJECT RED LAKE MINING DISTRICT, ONTARIO, CANADA NTS MAP SHEETS 52K/13 AND 52N/04 by
Vincent Jourdain (Ph.D., P.Eng.), John Langton (M.Sc., P. Geo.) & Abderrazak Ladidi (P.Geo.) dated February 24th,
2017).
Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person and has reviewed
and approved the technical information contained in this release. The historic drill data contained in
this release was verified by the QP by comparing reported assay data with Certificates of Analysis
documented. The QP has verified mineral showings and areas of select sampling and the collars of
reported historic drill hole locations. It is the QP’s opinion that the data as presented is adequate and
can be relied upon for use in this press release.
About the Company
Nexus Gold is a Canadian -based gold exploration and development company with an extensive
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. The Company is developing its core assets while
seeking joint-venture, earn-in, and strategic partnerships for other projects in its portfolio.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
www.nexusgoldcorp.com
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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 co uld differ 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 reg ulations. We do
not assume any obligation to update any forward-looking statements, except as required by applicable laws.