NEXUS GOLD (TSX.V: NXS) Starts Drilling Gold Project Niangouela
NEXUS GOLD (TSX.V: NXS) RAB DRILLING UNDERWAY AT NIANGOUELA GOLD CONCESSION, BURKINA FASO, WEST AFRICA
December 14, 2016 (Investorideas.com Newswire) Nexus Gold Corp.'s (TSX.V: NXS.V) RAB (rotary air blast) drilling at its Niangouela gold concession in Burkina Faso, West Africa, is now under way.
Drilling began on Monday, December 12, with 294m (eleven holes) of the proposed 800m program so far completed. The current RAB program is designed to investigate the potential of parallel or offset shears and recently observed quartz veins. Historic results showed areas of geochemical anomalies occurring proximal to the quartz veining. The program will consist of grid drilling on lines spaced at 200 meters with drill sites every 50 meters along the lines.
The 178 square kilometre concession is located on the Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession and is proximal to the Kalsaka deposit and the Sabce shear. It is road accessible and has one major orpaillage (artisanal workings).
To date 556 pits and eleven trenches have been excavated, and rock and soil samples have been taken. A total of 1,137 samples have been collected. Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters.
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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, and the Niangouela gold concession, a 178-sq km project featuring numerous historical gold occurrences. For more information on these projects, please visit the company website at www.nexusgoldcorp.com.
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