Nexus Gold Lists on Frankfurt Stock Exchange
November 18, 2016 (datsyn.com) –
NEXUS GOLD ANNOUNCES DUAL LISTING ON THE FRANKFURT STOCK EXCHANGE
Nexus Gold Corp. (NXS.V) has listed its common shares for trading on the Frankfurt Stock Exchange under the symbol N6E.
The company’s common shares are now dual listed on the TSX Venture Exchange, Nasdaq OTC and the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is the world’s 10th-largest stock exchange by market capitalization and largest of Germany’s seven stock exchanges. The company anticipates the Frankfurt listing will increase trading liquidity and facilitate investment in the company by investors across Europe. This increased exposure to worldwide markets enables Europeans to trade the company’s common shares in euros.
“As our company continues to grow, we feel reaching a larger global audience is an important component to our future success,” said Nexus Gold president and chief executive officer Peter Berdusco. “This listing is a direct response to the interest generated over the past few months from European investors towards the company and its West African exploration presence. It will now aid in the maturation of those relationships and assist in expanding our shareholder base,” continued Mr. Berdusco.
The company will maintain its primary listing on the TSX Venture Exchange.
Burkina Faso update
The company is currently initiating due diligence on a potential acquisition that would add an additional prospective gold project to its portfolio.
Additionally, Nexus geologist Warren Robb is on site in Burkina Faso, and is in the process of organizing crews and equipment. With the completion of the rainy season and local crops harvested, the company anticipates further work updates in the coming weeks.
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 drilling, comprising 25,400 metres. Included in this total was infill drilling which defined a northeast-trending gold anomaly measuring 13 kilometres by two kilometres to six kilometres 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 grams per tonne to 19.16 grams per tonne. Riverstone also completed an IP (induced polarization) geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The attached tables represent historical drill results as reported by Roxgold.
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 the 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 the company
Nexus Gold 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, United States.
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.