Nexus Gold Intersects Gold Mineralization on First Drill Hole at Walker Ridge, Nevada

Nexus Gold Corp. (TSXV:NXS) announced initial assays received from drill hole WR-2015-01 confirm gold and silver mineralization has been discovered at its Walker Ridge Gold Project in the Jerritt Canyon-Independence Trend, Nevada.
As quoted in the press release:

Summary of results:

• Gold and silver discovered in the lower plate host rocks
• Drill hole intersections of mineralization were encountered over a 355-foot section including: o 1.57 g/t gold (Au) over 15 feet (including 3.22 g/t over 5 feet) o 10.6 g/t silver (Ag) over 205 feet (including 18.25 g/t over 20 feet)
• Additional 1,700 feet of drill core to be assayed
• Element Detection Technology (EDT) Cluster #3 (2,100 feet x 1,800 feet) confirmed as gold bearing
• Priority drilling to focus on the heart of Cluster #3 to extend intersection lengths and drill highergrade mineralization
• Comprehensive drilling merited on two-sq. mile highly-anomalous bulls-eye target which includes an additional seven clusters and 33 Point of Interest (POI) targets
• Company is currently permitting an extensive 25 drill pad program for 2016

Drill hole intersections of mineralization were encountered over a 355 foot section (2,453 – 2,808 ft) in the lower plate host rocks. Intersections of 1.57 g/t over 15 ft (including 3.22 g/t over 5 ft), .46 g/t over 10ft of gold, and 10.6 g/t over 205 ft (including 18.25 g/t over 20 ft) of elevated silver were drilled. A more detailed table of the results can be found below. A further 1,700 ft of upper plate drill core remain to be assayed.
This first hole was designed to test the northern edge of Cluster #3 as defined in the Company’s 2014 EDT survey. It was drilled directly over one of eight locations within Cluster #3 identified as containing gold atomization. The cluster is strongly supported by the property’s gravity, CSAMT and geo-chemistry data. Cluster #3 is the fourth largest (2,100 x 1,800 ft) of eight clusters identified in the 2014 survey as containing gold atomization. The largest of the clusters is Cluster #4 which is 3,000 x 3,500 ft in diameter. (See next paragraph for definition of “gold atomization”).
Gold atomization is determined when EDT energy is injected into the property to source a targeted material. In the case of Walker Ridge the targeted material is gold. If the targeted material is present, a signature response is induced in the targeted material that is specific to this method and permits its detection from the surface. Its detection is then cataloged as a “point of interest”, which is a point indicating an area that is “gold atomized” or contains “gold atomization”.

Nexus Gold CEO, Peter Berdusco, stated:

We are extremely pleased Walker Ridge hosts gold, and equally as pleased to make this announcement on our very first drill hole. Not only have these results strongly supported the geological data sets for the property’s two square mile bull’s-eye target area, but they have also correlated extremely well with our model of mineralization in the lower plate.
In addition, the use of Vital GeoSURVEYS’ Element Detection Technology (EDT) has substantially fast-tracked our discovery of gold mineralization in the host rocks, priority drilling will now focus on the heart of EDT Cluster #3 to extend the intersection lengths, increase gold grades and define a Carlin-type gold-bearing system. We are also permitting an extensive 25 drill pad program for 2016 to focus on the property’s additional POI targets and clusters as identified by the EDT survey. The discovery of mineralization at Walker Ridge is a significant milestone for our Company and we look forward to further successes.

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