# Nexus Gold Begins Phase Two Drilling at the Mckenzie Gold Project, Red Lake, Ontario

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab

Original source: https://money.tmx.com/en/quote/NXS/news/6391804145988224/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar

Publisher: tmx

Original announcement: 2021-11-04T13:50:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: high-grade grab samples in new area

- Positive factor: continuation of drilling program

- Positive factor: QA/QC disclosed

Facts used in scoring: 7

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Intercept**

Polarity: positive

Definition: 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 1

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-0)

gold

#### 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 factor: 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-006

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-1)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: 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-006

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-2)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: bonanza grade

Evidence · text

> including 1m of 36.20 g/t Au \(68.75m to 70.5m\)

### MK-21-DD-018

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-3)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: significant width

Evidence · text

> MK-21-DD-018: 56m of 1.01 g/t Au \(13m to 69m\)

### MK-21-DD-018

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-4)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: bonanza intercept

Evidence · text

> and 1m of 94.2 g/t Au

### MK-21-DD-019

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-5)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: significant width

Evidence · text

> MK-21-DD-019: 136m of 1.25 g/t Au \(148m to 285m\)

### MK-21-DD-019

[Link to this fact](https://atlas-staging.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--027b6e4b-ead1-4105-a9ec-dd114e2c65ab#fact-drill-facts-6)

gold

Historical result

Needs review: historical\_restatement

#### 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 factor: 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.