Nexus GOLD Sets Drill Targets at 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 SETS DRILL TARGETS AT MCKENZIE GOLD PROJECT,
RED LAKE, ONTARIO
Vancouver, Canada – May 8, 2020 – Nexus Gold Corp. (“Nexus” or the “ Company”) (TSX -V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce that drill targets have now been determined for the
Company’s upcoming diamond drill program at the 100%-owned McKenzie Gold Project, located in Red
Lake, Ontario.
The phase one program will consist of a minimum 1000-meter diamond drill campaign, with up to 10
drill holes targeted to depths between 100 to 200 meters, at angles ranging from 45 to 60 dips. Phase
one is designed to test the mineralization potential of several gold targets occurring within a corridor
located in the southernmost section of the 1,348-hectare claim block.
Historic drilling conducted in 2005 along this corridor returned significant results, including 7.49 grams-
per-tonne (“g/t”) gold (“Au”) over 8.2 meters, 15.54 g/t Au over 0.8 meters (includes 23.4 g/t over 0.3
meters), 4.47 g/t gold over 1.4 meters, 17.02 g/t Au over 0.5 meters, and 2.1 g/t Au over 5.5 meters .
Drilling will test the strike and/or depth extensions of intersections obtained by earlier drill programs ,
such as intersections in historic drill hole M05-14 (15.54 g/t Au over 0.80 meters) and M05-3 (4.04 g/t
Au over 0.45m and 23.87 g/t Au over 0.2 meters).
The phase one program will also test the potential of East -West trending shears along the geological
contact of the Dome Stock with Volcanic rocks of the Balmer assemblage for depth or lateral extent
based on anomalous prospecting samples (1550 ppb Au, 1850 ppb Au, 962 ppb Au and 723 ppb Au)
collected during the Company’s 2019 prospecting program.
This initial drill program is expandable, and the Company is currently reviewing additional targets to
test if the decision is made to increase phase one meterage.
Figure 1: McKenzie Gold Project, Red Lake Ontario – see figure 2 for more detail on inset
“A 1000-meter diamond drill program is an excellent start to our goal of conducting multiple drill
programs at McKenzie in 2020 ,” said president and CEO, Alex Klenman. “We’re eager to test and
expand areas that have already shown high -grade mineralization in the past . There have been some
narrow high-grade intercepts in this particular target zone, so we’re hoping to build on that. We are
also reviewing additional targets in the immediate area and could expand the scope of this initial
campaign,” continued Mr. Klenman.
Start of the phase one drill program is anticipated to begin later in May. The Company will announce
equipment and crew mobilization, and drill commencement, when dates are finalized in the short term.
Figure 2: Phase One Drill Targeting, McKenzie Gold Project, Red Lake, Ontario
* Note the reported lengths are intercepts and are not true widths
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.
Compilation Summary – McKenzie Gold Project
As reported in a Company news release dated October 11, 2019, Nexus received a compilation
summary of important historic data from project geological consultants, Rimini Exploration. The
compilation integrated the regional geological and regional geophysical data, thus allowing t he
Company's geological staff to compare these trends to the information obtained through ground
exploration conducted to date on the property. The more comprehensive data from the summary,
coupled with the new data from the phase two prospecting program , was utilized in determining
suitable areas to drill test.
The Rimini compilation summary produced historical data the Company was previously unaware of
regarding multiple historical grab samples taken on the McKenzie claim block. The Company had
previously disclosed several high-grade historical grab sample results on the property, including 331.14
g/t Au, 18.02 g/t Au, 212.8 g/t Au, 313 g/t Au, 18.02 g/t Au and 9.37 g/t Au. In the summer of 2019
Nexus conducted its 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 release dated June 25, 2019).
Additional high-grade historical grab samples previously unknown to the Company and revealed in the
Rimini summary 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).
The data compilation summary also indicated that little to no exploration has been conducted over the
actual lake portion of the claim block. The Company has noted from the regional data that a number
of northerly trending geophysical trends extend within the lake itself and is viewing these trends as
potential faults or breaks within the Dome Stock.
Preliminary review of lake sediment sampling conducted on the property in 1989 indicates coincidental
anomalous gold geochemical values occurring. Historical values obtained from the analysis of +150
mesh screened lake sediment samples returned values of 0.159 ounce -per-ton (5.45 g/t) Au, 0.154
ounce per ton (5.28 g/t) Au, and 0.116 once per ton (3.98 g/t) Au. The Company now intends to conduct
more exploration activity within the lake -bound portion of the projec t area to determine the
prospectivity of a large underexplored section of the property.
About the Company
Nexus Gold is a Canadian-based gold development company with a n 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%-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.
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.nexusgoldcorp.com
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may contain forward-looking statements. These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
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