Nexus GOLD Returns High-Grade 135 G/T Au Sample at Mckenzie GOLD Project, Red Lake, Ontario
NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD RETURNS HIGH-GRADE 135 g/t Au SAMPLE AT
MCKENZIE GOLD PROJECT, RED LAKE, ONTARIO
Vancouver, Canada – June 25, 2019 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS ,
OTCQB: NXXGF, FSE: N6E) is pleased to announce it has received assay results from the initial ground
reconnaissance program at the Company’s 100% owned, 1,348-hectare, McKenzie Gold Project,
located at Red Lake, Ontario.
Nexus senior geologist Warren Robb, assisted by personnel from Rinimi Explorations, completed a first
phase prospecting campaign designed to identify and verify locations of previous exploration activities
and mineralization. A total of seven samples were collected covering areas on McKenzie Island and in
the St. Paul Bay area of the property.
Significant res ults were obtained from localities on M cKenzie Island with samples returning 135.4
grams-per-tonne (“g/t”) gold (“Au”) and 9.3 g/t Au, respectively. The 135.4 g/t Au value was obtained
from a select sample on a quartz vein hosted in igneous rocks of the d ome stock, while the 9.3 g/t Au
value was obtained in a select sample of a quartz vein hosted in felsic meta -volcanic rocks on the
northern portion of the property.
“McKenzie represents a high -grade opportunity for Nexus in a prolific , world -class district,” said
president & CEO, Alex Klenman. “To date the project has now produced several bonanza -grade
samples. We have just begun our work there so to add more of this type of result at the outset is
certainly encouraging. McKenzie is a flagship property for us, one that we believe has considerable
upside. We’re going to obtain as much data as we can in th e next few months to best define our drill
targets moving forward . With a handful of high -grade results having now been documented and
obtained, McKenzie is trending in a very positive direction. We’re looking forward to the development
work ahead,” continued Mr. Klenman.
“We are extremely encouraged with what our prospecting has identified thus far ,” said Company
Geologist and VP Exploration, War ren Robb. “We look forward to hitting the ground a little harder
over the summer months to identify new and delineate known mineralization,” continued Mr. Robb.
The Company is currently conducting a detailed prospecting and reconnaissance program,
supplemented with ground geochemical and geophysical surveys , over the property to identify
geologic trends and structures suitable for drill testing. Phase one field work (including detailed
mapping and sampling), under the direct supervision of Nexus Gold senior geologist and Vice President
of Exploration, Warren Robb, is continuing throughout the summer months.
Samples were delivered to SGS prep facility in Red Lake , Ontario. The samples were analyzed by SGS
where a 50-gram split of pulverized rock w as analyzed by fire assay with ICP -OES finish, samples
returning greater than 10,000 ppb (10 g/t Au) were re assayed with a gravimetric finish.
About the McKenzie Gold Project
The McKenzie Gold Project is a 1,348.5-hectare high-grade prospect located in the heart of the world-
famous Red Lake gold camp . The h ighly prospective geological setting is analogous to several past
producers. McKenzie hosts nine documented historical gold occurrences with limited exploration and
is preferentially situated adjacent to Newmont Goldcorp on its east and northern boundaries, and Pure
Gold Mining’s Madsen project on the southern boundary.
Historical work on the property has resulted in several significant prospecting discoveries, with
bonanza-grade samples returni ng up to 3 13 g/t Au. A new showing on the southwest corner of
McKenzie Island, located in the northern portion of the project area, was also discovered and returned
multiple high-grade samples ranging from 9.37 g/t Au to 331 g/t Au (see accompanying photo). This
newer discovery lies approximately 100 meters west of a historical showing where gold values of up to
212.8 g/t Au have been reported in provincial government files.
In 2005, Cypress Development Corp conducted a minimal drill program near the southern boundary
that intersected a strongly silicified, sericite -altered, east-west-trending mineralized zone up to 600
meters long and open along strike and to depth. Quartz veining accompanied by sphalerite,
arsenopyrite, chalcopyrite and free gold returned gold values in drill core of up to and 2.2 g.t Au over
6 meters.
Quartz veining and sulphide mineralization are also reported in multiple locations on McKenzie Island,
within the northern portion of the property boundary . Sampling conducted in 2017 returned up to
18.02 g/t Au in grab samples from the vein exposure.
Figure 1: Area map showing McKenzie Gold Project and surrounding companies/projects
Figure 2: Detailed area map showing McKenzie Gold Project and surrounding companies/projects
Figure 3: Sample from McKenzie Gold Project that produced assay result of 331 g/t Au
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active
projects in Wes t Africa and Canada. The Company is concentrating its efforts on establishing a
compliant resource at one or more of it's four current West African -based projects which total over
560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while
also conducting developmental phases on its 100% -owned Canadian projects, McKenzie Gold Project
in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and three
projects in Newfoundland totalling 3,325 hectares. For more information please visit
www.nexusgoldcorp.com.
Warren Robb P.Geo., Vice -President, Exploration, is the designated Qualified Person as defined by
National Instrument 43-101 and is responsible for the technical information contained in this release.
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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