Nexus Gold Upgrades Road Access and Begins Drill Pad Preparation for Phase One Drilling at Walker Ridge
16.07.2015 | Accesswire
VANCOUVER, BC / ACCESSWIRE / July 16, 2015 / Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS) is pleased to announce road access upgrading and drill pad preparation has begun for its upcoming phase one drill program at the Walker Ridge Gold Project in the Independence/Jerritt Canyon Gold Trend, Nevada, USA.Upgrading of access roads at Walker Ridge is necessary to meet the requirements of the Company's upcoming drill program, and to repair damage caused by unusually severe winter and spring weather conditions. Many access points to the property were eroded due to unusually heavy rain and snowfall earlier in the year. The Company initially delayed upgrade work earlier in the year as a result of wet weather and run off from the snow pack. With these run offs now dissipated, upgrade work and pad preparation can be completed in a timely and cost-effective manner.
These critical upgrades will provide drill crews with complete access to the high priority drill sites and also provide for unrestricted access to the water delivery points within the property. Once upgrade work is completed, the drill phase of the work program can commence.
In the fall of 2014, the Company employed Vital GeoSURVEYS Ltd to perform a geophysical survey utilizing a leading-edge element detection technology. Prior to the survey on Walker Ridge, the technology had been used in the past four years exclusively in the oil and gas sector accumulating a track record of success. The proprietary nature of the innovative technology allows for the in situ detection and the mapping of signals specific to the targeted element. In the case of Walker Ridge, the targeted element is gold (Au). In application, the technology deploys energy and if the target element is present a signature response is detected. The strength of these signature responses is measured and catalogued as "Points of Interest".
The fall 2014 survey identified 38 Points of Interest occurring in eight clusters over approximately a two-square mile area within the Company's claim block. Seven of the clusters are coincidental to data sets identified through the Company's previous work programs on the property: anomalous mercury and antimony geochemical levels, a prominent gravity geophysical low coincident to the surface mercury anomaly, and an electromagnetic/magnetotelluric resistivity low/high. All clusters are radially arranged around an Eocene "Carlin-Age" intrusive discovered on the property and confirmed through uranium-lead radiometric age dating. The results of the survey, particularly when applied to the existing data sets, potentially reduces the risks and costs normally associated exploration drilling programs.
About the Company
Nexus Gold Corp. is a Vancouver-based mineral exploration company that develops precious metal mineral assets in the world's premier mining and exploration districts. The company is currently concentrating its exploration efforts on the Walker Ridge Gold Project, a permitted, drill-ready, multi-target, Carlin-type gold exploration project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA.
The technical contents of this release was reviewed and approved by Warren Robb P.Geo a Qualified Person under 43-101.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Peter Berdusco, President and Chief Executive Officer
604-558-1920
www.nexusgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.