Nexus GOLD Targeting Program Underway 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 TARGETING PROGRAM UNDERWAY AT THE MCKENZIE GOLD PROJECT,
RED LAKE, ONTARIO
Vancouver, Canada – October 5, 2021 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) , is pleased to report in an effort to guide upcoming drill plans that it has
begun a prospecting and targeting program at the McKenzie Gold Project, located in Red Lake, Ontario,
Canada.
The prospecting program is primarily focused on the northern shores of Perch Lake in the St. Paul’s Bay
area of the 1,400 -ha project and is designed to explore and confirm the extension of mineralization
previously identified by the company in its spring 2021 diamond drill program.
The current program has al ready generated positive results with the prospecting team identifying
mineralization in two previously unknown trenches (see Map 1). Mineralization within these trenches
consists of quartz veins containing clots and patches of semi massive Chalopyrite, Pyrite and
Molybdenite. T he veins are hosted in granite which displays strong pervasive silica flooding. Local
discrete shearing in both trenches trend at approximate attitudes of 330° and dip 70° to 80° to the east,
displaying similar trends as were observed in the spring drilling campaign. The trenches are located on
the northern shore of the Perch Lake and extend the known mineralization some 400 meters to the
north and north-west.
“This is a terrific start to our program as this newly identified mineralization will greatly aid us i n
designing our upcoming drill programs ,” said VP Exploration, Warren Robb. “I t appears that the
mineralization identified in our drilling to date is trending north-northwest and our prospecting efforts
have now doubled the length of this mineralization t o over 800 meters along strike,” continued Mr.
Robb.
Map 1: Location of newly found trenches, north of Perch Lake, with prior Nexus drill locations, McKenzie Gold
Project
Samples from this program have been forwarded to the lab for analysis. Once assay results are received
and verified plans will be finalized for an up to 2000 -meter, phase three diamond drill program
scheduled for Q4 of this year.
Drilling in 2020 and 2021 in the St. Paul’s Bay area of the McKenzie project has so far outlined a broad
zone of mineralization defined by combination of significant higher grade intercepts and lengthier runs
of sub two grams-per-tonne (“g/t”) gold (“Au”). Highlighted drill results include:
• Hole MK-20-006, which intercepted 13.25 g/t Au over 2.75m, including 36.2 g/t Au over 1m
• MK-20-008 reported .62 g/t Au over 117.5m, including 1 g/t Au over 55m
• MK-21-018 intercepted 56m of 1.01 g/t Au (including 21.5m of 1.84 g/t Au, and 10m of 3.30 g/t
Au)
• MK-21-018 also featured 37.6m of 2.78 g/t Au (including 24.7m of 4.05 g/t Au and 8m of 12.04
g/t Au)
• MK-21-018 included high -grade intervals of 23.10 g/t Au over 1m and 94.20 g/t Au over 1m.
The entire length of the hole averaged .99 g/t Au over 198m
• MK-21-019 returned 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)
• MK-21-019 also featured 29.4m of 1.82 g/t Au (including 6m of 5.45 g/t Au)
• MK-21-019 included high-grade intervals of 59.8 g/t Au over 1m, 15.5 g/t Au over 1m and 26.7
g/t Au over 1m. The entire length of the hole averaged .74 g/t Au over 283.4m, ending in
mineralization
For a complete table of Nexus drill results at McKenzie, please visit the project section of www.nxs.gold.
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 stro ngly magnetic, containing 2 -3% fine -grained
disseminated magnetite.
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).
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, a second style of gold mineralization was discovered on the McKenzie property.
These 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 a nd 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. *
Map 2: McKenzie Gold Project, Red Lake, Ontario
^ Grab samples are selected samples and are not necessarily representative of mineralization hosted on the
property
* Reported lengths are intercepts and are not true widths
* 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, an d 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 could differ materially because of factors discussed in
the management discussion and analysis section of our interim and most recent annual financial statement or
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