“Nexus Gold is a gold exploration and development company, we do primarily our work in Burkina Faso, West Africa. We did five different drill programs in 2017. All of the programs were positive, we like the economics and we think we’ll be able to prove a resource there. We’re capitalized, we’re in a great area we know what we’re dealing with in terms of expanding a resource. Our geological team has a decade of discovery success in Burkina, so we’re happy that they’re involved and we’re banking a lot on their experience and their talent.” – Alex Klenman, President & CEO of Nexus Gold Corp.
Nexus Gold Corp. is a Vancouver-based mineral exploration company focused on gold development projects in some of the world’s premier exploration and mining districts. The company is currently developing multiple projects in Burkina Faso, West Africa.
The 178-sq km Niangouela gold concession is located on the Boromo greenstone belt, and is proximal to the Kalsaka deposit and the Sabce shear. The company has delineated a 1km quartz vein and shear strike with samples taken at depth (46-60m) returning high-grade gold assays up to 2,950 g/t. Eight of the first nine diamond drill holes on the property returned positive gold results, highlighted by a 4.85m intercept of 26.69 g/t (including one metre of 132 g/t).
The 38.8-sq km Bouboulou gold concession features numerous near-surface gold occurrences of both length and grade, as highlighted by historical drill results (40m of 1.54 g/t, including 20m of 2.25 g/t; 35m of 2.2 g/t, including 12m of 5.45 g/t; 10m of 2.84 g/t, including 2m of 12.45 g/t; 4m of 12.53 g/t). The property contains three distinct gold trends, each extending 5000 metres (5km) in length. The property was previously explored by Riverstone Resources and Roxgold Inc.
The 250-sq km Rakounga gold concession is contiguous to the Company’s Bouboulou property, bordering Bouboulou on the west and south sides. The Bouboulou 2 and Pelatanga-Rawema gold trends extend southwest from the Bouboulou property on to Rakounga. Results from the Company’s maiden drill program include 32m of 1.01 g/t Au, including 2m of 5.65 g/t Au, and 6m of 2.81 g/t Au, and 34m of 1.00 g/t Au, including 4m of 5.57 g/t Au. There is significant artisanal mining activity along trend, indicating gold mineralization extends for some distance. Further exploration activities will determine the extent of these mineralized zones.
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