Nexus Gold Identifies Three New Distinct Anomalous Gold Trends at Bouboulou Extending 5000 Meters Each
Identifies Three New 5000m Gold Strikes
October 29, 2016 ( datsyn.com) – Vancouver, Canada – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS / OTC: NXXGF) is pleased to report that it has completed its compilation of historic exploration data on the Bouboulou Gold Concession, Burkina Faso, West Africa.
The compilation infills gaps in the exploration data that the Company had originally reviewed and displays three strong coincidental geochemical and geophysical anomalous gold trends. These new trends extend from the four drill-identified mineralized zones, namely Rawema, Peletanga, Bouboulou 2 and Koala.
Each of the three trends extends in length for 5000 meters (5KM). They are identified by numerous orpaillages and geochemical samples of greater than 1 gram per tonne gold.
The data used in the compilation includes airborne geophysics, rotary air blast drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages (zones of artisanal gold mining). The compiled data reviewed consists of over 7000 assays collected between 2011 and 2012.
From north to south the three trends are termed the PR, KB and B2. The northern most PR trend includes the Pelatanga and Rawema drill-identified mineralized zones and trends north east. This trend extends off the property onto the adjacent Bouda property and the mining operations conducted there.
The second KB trend is roughly parallel to the PR trend and extends from the Koala drill-identified mineralized zone north east below the Bouboulou 2 drill-identified mineralized zone.
The third B2 trend extends from an orpaillage located near the southern boundary of the property extending north and bisecting the KB trend and then extending through the Bouboulou 2 drill-identified mineralized zone culminating at the PR trend.
The data will be utilized in assisting the upcoming phase one drill program and determining suitable step-out drill locations for potential conformation drilling at a later date.
Bouboulou Gold Concession
The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by Roxgold Inc, Riverstone Resources and Boliden. To date four zones of gold mineralization have been identified on the property.
Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional Rapid Air Blast (“RAB”) drilling on the property, comprising 25,400 meters. Included in this total was infill drilling which defined a northeast trending gold anomaly measuring 13 km by 2 to 6 km wide. The mineralization was described as disseminated sulphides in tuffs and dacites.
Historical Drill Results
Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t. Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The following tables represent historical drill results as reported by Roxgold.
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, and 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.
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.
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.
Nexus Gold Corp. is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world’s premier mining districts. The Company is currently concentrating its efforts on the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa and the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA.
For more information on these projects, please visit the company website at www.nexusgoldcorp.com.