tmx : NXS     OTC: NXXGF   FSE: N6E     

JOIN OUR  MAILING LIST!      SUBSCRIBE

banner home

A Resource Exploration

And Development Company

Tickers: XOTC:NXXGF, XTSX:NXS, FRAA:N6E
Tags: Mining



  

 Vancouver, Canada / TheNewswire / June 13, 2017 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report that drilling has commenced at its 38-sq km Bouboulou gold concession. Bouboulou is located approximately 75 kilometres north-west of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone.

The 2000 metre phase one diamond drill program at Bouboulou will target previously identified mineralized zones at the property, namely Bouboulou 2, Pelatanga, and Rawema. In addition, the Company will test the Koala zone, where recent samples ran as high as 66 grams-per-tonne ("g/t") gold ("Au"), and the newly identified Rawema West zone.

New Zone Identified - Rawema West

As reported in a June 6, 2017 news release, company geologists have now determined the presence of a new mineralized zone at Bouboulou through the observance of increased artisanal activity, and the result of rock sampling taken from the newly observed area.

The new zone, named "Rawema West", occurs approximately 1000 metres west of the main workings at the previously identified Rawema site. The Artisanal workings extend some 150 metres in length and appear by observation to extend to depths of greater than 20 metres.

Company geologists collected seven select rock samples of dump material from the Rawema West workings. Of the seven samples collected there, four returned values greater than 1 g/t Au, including BBL-004 which returned 9.49 g/t Au.

The sampling results greater than 1 g/t Au, from both Rawema West and Koala, as reported June 6, 2017, are tabled below:

 Sample ID

Gold (g/t)

Sample type

Zone

BBL-004

9.69

Select

Rawema West

BBL-005

2.62

Select

Rawema West

BBL-006

4.41

Select

Rawema West

BBL-007

4.84

Select

Rawema West

BBL-012

66.1

Select

Koala

BBL-013

29

Select

Koala

BBL-014

2.20

Select

Koala

The trend of the workings at Rawema West runs roughly parallel to the Pelatanga-Rawema ("PR") trend that the company intends to test with its upcoming diamond drill program.

Bouboulou  Historical Data

In 2011 Roxgold Inc completed reverse circulation (RC) and diamond drilling (DD) programs to test the four previously identified mineralized zones. Historical reverse circulation (RC) drilling highlights from Bouboulou are tabled below:

Hole ID

Azimuth

Dip

Depth (m)

From

To

Length (m)

g/t Au

Zone

BBL-11-RC-003

320

-55

103

24

34

10

1.10

Pelatanga

     

Includes

30

32

2

3.66

 

BBL-11-RC-005

120

-50

103

60

64

4

1.86

Bouboulou 2

BBL-11-RC-006

120

-67

115

70

110

40

1.54

Bouboulou 2

     

Includes

70

90

20

2.25

 
     

And

100

110

10

1.42

 

BBL-11-RC-012

300

-50

120

100

108

8

1.21

Rawema

BBL-11-RC-013

300

-50

109

74

109

35

2.20

Rawema

     

Includes

74

86

12

5.45

 

BBL-11-RC-020

270

-55

103

40

50

10

2.84

Koala

     

Includes

42

44

2

12.45

 

BBL-11-RC-021

240

-55

130

6

8

2

3.94

Koala

BBL-11-RC-022

270

-60

133

44

48

4

1.63

Koala

BBL-11-RC-024

320

-55

193

38

44

6

1.95

Pelatanga

BBL-11-RC-027

120

-45

120

90

114

24

1.36

Bouboulou 2

BBL-11-RC-028

120

-60

162

130

132

2

2.53

Bouboulou 2

BBL-11-RC-031

120

-45

144

78

94

16

1.18

Bouboulou 2

BBL-11-RC-036

120

-50

120

8

10

2

1.42

Rawema

BBL-11-RC-038

130

-55

144

114

116

2

1.53

Koala

BBL-11-RC-039

120

-50

150

116

130

14

1.37

Koala

BBL-11-RC-041

130

-50

138

52

54

2

2.04

Koala

BBL-11-RC-042

320

-55

114

40

46

6

1.26

Pelatanga

     

Includes

52

54

2

3.80

Pelatanga

Historical diamond drilling (DD) highlights from Bouboulou are tabled below:

Hole ID

Azimuth

Dip

Depth (m)

From

To

Length (m)

g/t Au

Zone

BBL-11-DD-002

315

-45

127

42

44

2

5.43

Rawema

BBL-11-DD-003

135

-45

142

56

58

2

5.33

Bouboulou 2

       

78

82

4

12.53

 
       

96

98

2

1.59

 

BBL-11-DD-005

300

-50

179

74

80

6

4.62

Rawema

     

Includes

77.7

78

0.3

81.32

 

BBL-11-DD-006

120

-50

127

91.5

93

1.5

1.74

Bouboulou 2

BBL-11-DD-008

320

-45

198

125

127

2

2.55

Koala

* Note all assay results represent intercept lengths and are not true widths

Bouboulou Trends

The Company has subsequently identified three distinct 5000m (5km) long anomalous gold trends at the Bouboulou concession. Each of the three trends display strong coincidental geochemical and geophysical gold anomalies, and extend from the four previously drill-identified mineralized zones, namely Rawema, Pelatanga, Bouboulou 2 and Koala. They are identified by numerous orpaillages and geochemical samples of greater than 1 g/t Au. All three of the Bouboulou trends display similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them, or along trend.

A map of the three trends can be seen here:

http://www.nexusgoldcorp.com/images/NexusGold_Boub1.jpg

About Burkina Faso

Burkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. The Greenstone Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under-explored in comparison to neighbouring Ghana and Mali; both of which host world-class gold mines in the same belts of Birimian rocks.

About the Company

Nexus Gold Corp. is a Vancouver-based gold exploration and development company operating in some of the world's premier mining districts. The Company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-sq km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. For more information on these projects, please visit the Company website at www.nexusgoldcorp.com.

Warren Robb P.Geo., Senior Geologist is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

On behalf of the Board of Directors of

NEXUS GOLD CORP.

Peter Berdusco
President and Chief Executive Officer

604-558-1920

This email address is being protected from spambots. You need JavaScript enabled to view it.
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.

Copyright (c) 2017 TheNewswire - All rights reserved.