# Nexus Gold Begins Phase Two Drilling at the Mckenzie Gold Project, Red Lake, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735 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: Ontario - Primary commodity: Gold - Secondary commodities: Copper, Molybdenum - Document categories: Drill results, Other - Extracted: 2026-09-16 15:21:01 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Nexus Gold has mobilized for phase two drilling at the McKenzie Gold Project in Red Lake, Ontario, targeting new mineralization north of Perch Lake. Recent grab samples from the new area returned up to 13.40 g/t Au, and the company is looking to expand the known strike length. Reasoning: The company is commencing a new phase of drilling to test a new target area north of Perch Lake, supported by high-grade grab samples and significant historical drill intercepts. - Positive factor: High-grade grab samples in new northern target - Positive factor: Bonanza intercepts in historical drill results - Positive factor: QA/QC protocols disclosed Facts used in scoring: 7 ## Classification and evidence **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 **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 lab \(Activation Laboratories\), standards, blanks, and duplicates. Evidence · text > Certified gold reference standards, blanks and field duplicates are routinely inserted **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling is targeting a new area north of Perch Lake to expand the known strike. Evidence · text > test the northern extent of gold mineralization identified by earlier drilling **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is located in the historic Red Lake gold camp near producing mines. Evidence · text > located in the heart of the historic Red Lake gold camp ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### MK-20-RC-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-0) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-20-RC-006 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 13.25 - Grade Unit: g/t - Intercept: 2.75 m - From: 68.75 m - To: 70.5 m - Intercept Depth: 68.75 m #### Classification - Sample Type: drill - Group ID: MK-20-RC-006:68.75-70.5 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Significant historical intercept. - Positive factor: High grade intercept 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 \(68.75m to 70.5m\) #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-20-RC-006 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-1) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-20-RC-006 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 36.2 - Grade Unit: g/t - Intercept: 1 m - From: 68.75 m - To: 70.5 m - Intercept Depth: 68.75 m #### Classification - Sample Type: drill - Group ID: MK-20-RC-006:68.75-70.5 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Very high grade sub-interval. - Positive factor: Bonanza grade Evidence · text > 1m of 36.20 g/t Au \(68.75m to 70.5m\) #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-20-RC-008 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-2) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-20-RC-008 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 55.5 m - From: 67.5 m - To: 123 m - Intercept Depth: 67.5 m #### Classification - Sample Type: drill - Group ID: MK-20-RC-008:67.5-123 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Broad disseminated mineralization. - Positive factor: Significant width Evidence · text > MK-20-RC-008: 55.5m of 1 g/t Au \(67.5m to 123m\) #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-21-DD-018 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-3) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-21-DD-018 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 1.01 - Grade Unit: g/t - Intercept: 56 m - From: 13 m - To: 69 m - Intercept Depth: 13 m #### Classification - Sample Type: drill - Group ID: MK-21-DD-018:13-69 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Historical drill result. - Positive factor: Good width Evidence · text > MK-21-DD-018: 56m of 1.01 g/t Au \(13m to 69m\) #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-21-DD-018 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-4) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-21-DD-018 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 94.2 - Grade Unit: g/t - Intercept: 1 m - From: 114 m - To: 115 m - Intercept Depth: 114 m #### Classification - Sample Type: drill - Group ID: MK-21-DD-018:114-115 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Extremely high grade intercept. - Positive factor: Bonanza intercept Evidence · text > 1m of 94.2 g/t Au #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-21-DD-019 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-5) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-21-DD-019 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 1.25 - Grade Unit: g/t - Intercept: 136 m - From: 148 m - To: 285 m - Intercept Depth: 148 m #### Classification - Sample Type: drill - Group ID: MK-21-DD-019:148-285 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: Broad mineralization. - Positive factor: Significant width Evidence · text > MK-21-DD-019: 136m of 1.25 g/t Au \(148m to 285m\) #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MK-21-DD-019 [Link to this fact](https://atlas-extractions.minestarters.com/news/nexus-gold-begins-phase-two-drilling-at-the-mckenzie-gold-project-red-lake-ontar--7195cd81-8556-4b47-935f-642fcc443735#fact-drill-facts-6) McKenzie · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: MK-21-DD-019 - Project: McKenzie - Commodity: gold - Region: canada\_on - Reported Region: canada\_on - Ticker: NXS #### Geometry - Grade: 59.8 - Grade Unit: g/t - Intercept: 1 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2021-11-04T00:00:00.000Z Reasoning: High grade intercept. - Positive factor: Bonanza grade Evidence · text > 1m of 59.8 g/t Au #### Tags used in scoring **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: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## 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.