Barrick’s quarterly gold and copper output edges higher
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Nexus Gold (TSXV:NXS) announced that later in the winter, it will conduct a phase one, minimum 1000-metre, diamond drill program to test the mineralization potential of a corridor occurring along the southern contact of the Dome Stock with felsic volcanics of the Balmer Assemblage at its McKenzie gold project in Ontario.
In a press release, Nexus said the drill program will be designed to test anomalous rock samples that were collected as part of the 2019 fall prospecting campaign recently completed by Rimini Exploration in the St. Paul’s Bay area of the property.
The McKenzie gold project is located in the heart of the Red Lake gold camp
“The prospecting program traced the mineralized contact corridor to the property’s eastern boundary,” the media brief states. “Mineralization identified consisted of disseminated pyrite and chalcopyrite hosted in sheared chloritized felsic tuffs displaying zones of carbonate, sericitic and silicious alteration. Assay values up to 1.8 g/t gold, 33.5g/t silver and .312% copper were returned from rocks samples collected during the fall program.”
According to the Vancouver-based miner, the phase-two prospecting program in the fall was designed to further determine areas of interest on the property’s southern end, and to continue pre-drill phase data compilation to help determine initial drill targets. The focus of the prospecting was concentrated in and around Perch Lake, in the Saint Paul’s Bay area, located in the southernmost section of the 1,348.5-hectare property.
“We’re eager to conduct our first drill campaign at McKenzie, all the data we’ve compiled so far has given us multiple, compelling targets,” Nexus president and CEO, Alex Klenman, said in the media statement. “Historical drilling and sampling, and our own groundwork, has revealed several mineralized zones, with some high-grade values. We would like to extend those zones with some new drill data and continue to move this project forward. The permitting process is underway, and we anticipate executing the program in Q1, 2020.”
