Message: Nexus Gold (NXS.V) Drilling 2nd Gold Property
NEXUS GOLD COMMENCES DRILLING AT BOUBOULOU GOLD CONCESSION, BURKINA FASO, WEST AFRICA
Nexus Gold (NXS.V) stated drilling has commenced at its 38-square-kilometre Bouboulou gold concession. Bouboulou is located approximately 75 kilometres northwest of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone.
The 2,000-metre phase 1 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 gold, 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 1,000 metres west of the main workings at the previously identified Rawema site. The artisanal workings extend approximately 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 one gram per tonne gold, including BBL-004, which returned 9.49 grams per tonne.
The sampling results greater than one gram per tonne gold from both Rawema West and Koala, as reported June 6, 2017, are shown in the attached table.
Sample ID Gold Sample type (g/t) BBL-004 9.69 Select BBL-005 2.62 Select BBL-006 4.41 Select BBL-007 4.84 Select BBL-012 66.1 Select BBL-013 29 Select BBL-014 2.20 Select
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 coming diamond drill program.
In 2011, Roxgold Inc. completed reverse circulation and diamond drilling programs to test the four previously identified mineralized zones.
Historical reverse circulation drilling highlights from Bouboulou are shown in the attached table.
Hole ID Depth From To Length Au (m) (m) (m) (m) (g/t) BBL-11-RC-003 103 24 34 10 1.10 Includes 30 32 2 3.66 BBL-11-RC-005 103 60 64 4 1.86 BBL-11-RC-006 115 70 110 40 1.54 Includes 70 90 20 2.25 And 100 110 10 1.42 BBL-11-RC-012 120 100 108 8 1.21 BBL-11-RC-013 109 74 109 35 2.20 Includes 74 86 12 5.45 BBL-11-RC-020 103 40 50 10 2.84 Includes 42 44 2 12.45 BBL-11-RC-021 130 6 8 2 3.94 BBL-11-RC-022 133 44 48 4 1.63 BBL-11-RC-024 193 38 44 6 1.95 BBL-11-RC-027 120 90 114 24 1.36 BBL-11-RC-028 162 130 132 2 2.53 BBL-11-RC-031 144 78 94 16 1.18 BBL-11-RC-036 120 8 10 2 1.42 BBL-11-RC-038 144 114 116 2 1.53 BBL-11-RC-039 150 116 130 14 1.37 BBL-11-RC-041 138 52 54 2 2.04 BBL-11-RC-042 114 40 46 6 1.26 Includes 52 54 2 3.80
Historical diamond drilling highlights from Bouboulou are shown in the attached table.
Hole ID Depth From To Length Au (m) (m) (m) (m) (g/t) BBL-11-DD-002 127 42 44 2 5.43 BBL-11-DD-003 142 56 58 2 5.33 78 82 4 12.53 96 98 2 1.59 BBL-11-DD-005 179 74 80 6 4.62 Includes 77.7 78 0.3 81.32 BBL-11-DD-006 127 91.5 93 1.5 1.74 BBL-11-DD-008 198 125 127 2 2.55 * Note all assay results represent intercept lengths and are not true widths.
The company has subsequently identified three distinct 5,000-metre-long (five kilometres) 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 one gram per tonne gold. 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 on the company's website.
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 fourth-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 Ivory Coast continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining underexplored in comparison with neighbouring Ghana and Mali; both of which host world-class gold mines in the same belts of Birimian rocks.
About Nexus Gold Corp.
Nexus Gold 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-square-kilometre advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre in length and associated shear zone.
Warren Robb, PGeo, 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.
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