Peter Berdusco, CEO of Nexus Gold Corp explains the benefits of gold exploration in Burkina Faso, West Africa.
Nexus Gold is in the business of gold discovery, so we’re a gold exploration company and basically, our role is to identify, go out and find properties of merit and then develop those properties and turn them into deposits.
Currently, our region is West Africa, Burkina Faso. It’s one of the fastest growing gold exploration areas in West Africa and it is definitely known as a premier exploration country in the world. Basically our property is 178 sq km but there was an area on the property that was being worked by artisanal miners. We had a sample, then it came back 2950 grams per ton, extraordinary and we were so excited.
The drill program is going to delineate and define and sort of determine the parameters and the characteristics of this mineralized zone that we have. There’s a number of things that make Burkina Faso attractive, and one of them is the cost of production. Should we get into a scenario where we’re actually producing gold in a mine scenario, our cost really area about 600 to 700 an ounce in Burkina Faso. And there’s a number of mid-tier and large scale operators that are doing very well and very profitable in Burkina Faso. So, that’s another reason you want to be there.
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