| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Nexus Gold Corp. |
| Project name: | McKenzie |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 74m @ 0.65g/t Au from 203m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, Canada – February 15, 2022 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report additional assay results from its second round of phase two diamond drilling on its 100% owned McKenzie Gold Project located at Red Lake, Ontario. This second round of drilling, completed in December 2021, was designed to test gold anomalies occurring in and around historic trenches identified earlier in the fall by prospecting teams employed by the Company. The program was also testing the potential strike extension of mineralization identified in the first round of phase two drilling in the spring of 2021. The program consisted of eight drill holes totaling 2000 meters (full summary of the four holes received is tabled below). Highlights from the final four holes from the December drill program include Seven of the eight holes drilled in December successfully intersected gold mineralization. To date Nexus has drilled 30 holes at McKenzie, with 27 returning gold values of 1 gram-per-tonne gold or better (visit nxs.gold for a complete drill table under the McKenzie Gold Project tab). Data generated shows a mineralized trend that develops south of Perch Lake and continues in a north/north-westerly direction. |
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