Nexus Gold Begins Phase Two Drilling at the Mckenzie Gold Project, Red Lake, Ontario
Original announcement by tmx on
- Company
- Nexus Gold Corp.
- Ticker
- NXS
- Exchange
- TSX
- Region
- Red Lake, Ontario
- Primary commodity
- Gold
- Secondary commodities
- Copper, Molybdenum
- Document categories
- Drill results, Other
- Extracted
- 2026-08-24 03:02:44 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Nexus Gold has commenced phase two drilling at the McKenzie Gold Project in Red Lake, Ontario, targeting new mineralization north of Perch Lake. Recent grab sampling in this new area returned grades up to 13.40 g/t Au, confirming the presence of mineralization.
Reasoning: The company is mobilizing for phase two drilling and has reported high-grade grab samples (up to 13.40 g/t Au) in a new target area north of Perch Lake, alongside restating significant historical drill intercepts.
Positive factors
- high-grade grab samples in new area
- continuation of drilling program
- QA/QC disclosed
Facts used in scoring: 7
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions certified gold reference standards, blanks, and field duplicates.
Evidence · text
“Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Intercept of 94.2 g/t Au is exceptionally high grade.
Evidence · text
“1m of 94.2 g/t Au”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
Fact 1goldGrade: 13.4Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 13.4
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: Grab sample returned 13.40 g/t Au in a new target area.
Positive factors
- high grade for grab sample
Evidence · text
“Grab sample assays up to 13.40 g/t Au from new targets north of Perch Lake”
MK-20-RC-006goldGrade: 13.25Grade Unit: g/tIntercept: 2.75 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-20-RC-006
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 13.25
- Grade Unit
- g/t
- Intercept
- 2.75 m
- From
- 68.75 m
- To
- 70.5 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-05-25T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: Restated historical intercept from May 2021.
Positive factors
- strong grade
Evidence · text
“MK-20-RC-006: 2.75m of 13.25 grams-per-tonne (“g/t”) gold (“Au”) , including 1m of 36.20 g/t Au (68.75m to 70.5m)”
MK-20-RC-006goldGrade: 36.2Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-20-RC-006
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 36.2
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 68.75 m
- To
- 70.5 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-05-25T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: High grade sub-interval in historical hole.
Positive factors
- bonanza grade
Evidence · text
“including 1m of 36.20 g/t Au (68.75m to 70.5m)”
MK-21-DD-018goldGrade: 1.01Grade Unit: g/tIntercept: 56 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-21-DD-018
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 1.01
- Grade Unit
- g/t
- Intercept
- 56 m
- From
- 13 m
- To
- 69 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-06-01T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: Restated historical intercept from June 2021.
Positive factors
- significant width
Evidence · text
“MK-21-DD-018: 56m of 1.01 g/t Au (13m to 69m)”
MK-21-DD-018goldGrade: 94.2Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-21-DD-018
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 94.2
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-06-01T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: Extremely high grade sub-interval in historical hole.
Positive factors
- bonanza intercept
Evidence · text
“and 1m of 94.2 g/t Au”
MK-21-DD-019goldGrade: 1.25Grade Unit: g/tIntercept: 136 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-21-DD-019
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 1.25
- Grade Unit
- g/t
- Intercept
- 136 m
- From
- 148 m
- To
- 285 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-06-01T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: Restated historical intercept from June 2021.
Positive factors
- significant width
Evidence · text
“MK-21-DD-019: 136m of 1.25 g/t Au (148m to 285m)”
MK-21-DD-019goldGrade: 59.8Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MK-21-DD-019
- Commodity
- gold
- Ticker
- NXS
Geometry
- Grade
- 59.8
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-06-01T00:00:00.000Z
Dates
- Event date
- 2021-11-04T00:00:00.000Z
Reasoning: High grade sub-interval in historical hole.
Positive factors
- bonanza intercept
Evidence · text
“High-grade intercepts included 1m of 59.8 g/t Au”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.