Nexus Gold Corp. (OTC: NXXGF) is back to war strength after it looks like the peak of COVID-19 is behind us. The treasure seekers return to mining, allowing Nexus to start drilling at the McKenzie gold project in Red Lake, Ontario.

The mining industry in Canada has also been affected by the pandemic and many companies in the sector have experienced that. Many projects were at a standstill, have been delayed or are still uncertain. This week, several mining companies – including Nexus – are announcing that projects that were suspended or delayed will resume. In addition to the pandemic, the high season has started, with visible benefits, especially in northern Canada. We are entering a good period for gold prospectors, as materials have increased in value, which has generated significantly more attention from investors in mining stocks.

A new ‘golden’ start

Nexus starts drilling the first phase – a program consisting of some 1000 meters of diamond drilling – at Red Lake, Ontario. It is 100% owned by the McKenzie gold project. With this program they want to test the mineralization potential of various gold materials. This is done in an east-west trending corridor along the southern contact of the dome stock that occurs in volcanic rocks of the Balmer Assembly. One motivation that preceded this is the agreement with vendor Shane Stares to acquire two additional mineral claims in Red Lake. The two new areas consist of 50 hectares and are located in the western part of the McKenzie Island area of the project site.

In consideration for the acquisition of the Additional Claims, the Company is required to issue 400,000 common shares and make a one-time cash payment of $4,000 USD. In addition, Nexus is required to grant a net melting result of one percent (1.0%) royalties on commercial production from the Additional Claims.

Besides Canada also news from Burkina Faso

Nexus is also active with various projects in Burkina Faso. The Dakouli II Concession project has new test results. The company’s geologists have noticed an increase in artisanal mining activities in the main mineralized zone. A result of 10.8 grams per ton of gold was returned from one of the samples. It consisted of crushed extracted material that had undergone a preliminary gold extraction by panning. As Nexus prepares for an upcoming program, it will continuously monitor the increased artisanal activities along this mineralized trend. Mineralisation is widespread and continues to produce double-digit samples. Now that the end of the rainy season in Burkina Faso is in sight, plans and prospects are becoming more specific.

About Nexus Gold Corp.

The eleven projects of Nexus consist of gold research and development in Canada and Burkina Faso. In West Africa, it covers no less than 750 square kilometres of land on active gold belts and mineralised trends. In addition to the six major projects in Canada such as the New Pilot Project and Bridge River Mining Camp, four new projects in Newfoundland will soon be added. The company identifies itself as a company that focuses on developing a variety of core assets while seeking joint venture, earn-in and strategic partnerships for potential projects.

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By Omar