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.
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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