#TSX #Mining News: Nexus
Gold (TSX.V: $NXS) to Drill 2nd #Gold Project – Niangouela
December
8, 2016 (Investorideas.com Newswire) Nexus Gold Corp. (NXS.V NXXGF) has
contracted Forage FTE Drilling to begin a RAB (rotary air blast) drill program
at its recently optioned Niangouela gold concession in Burkina Faso, West
Africa.
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, a major gold-bearing feature. It is road
accessible and has one major orpaillage (artisanal workings). The RAB program
will test ground in and around a recently observed quartz vein found on the
property.
"The
property's proximity to a major structural gold-bearing feature, the thickness
of the vein, the fact that the vein orientation is oblique to the Sabce shear
and hosted in intrusive rock, means it displays many similarities to the
country's one notable gold-bearing quartz vein deposit," said senior
geologist Warren Robb, PGeo. "On that basis, we're going to begin testing Niangouela
immediately."
To
date, 556 pits and 11 trenches have been excavated, and rock and soil samples
have been taken. A total of 1,137 samples has been collected. Previous programs
have identified a zone which runs east-northeast and west-southwest occurring
in the south-central part of the concession. This zone has returned
gold-in-soil samples up to 34 grams per tonne gold, rock samples have returned
values up to 18 grams per tonne Au, and trenching has returned values of 4.85
grams per tonne Au over 10 metres. Recent rock samples taken by Nexus returned
values from 1.12 grams per tonne Au to 2.49 grams per tonne Au.
Read this release
in full at http://www.investorideas.com/news/2016/mining/12081NXS.asp
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 m ines in the same belts of Birimian
rocks.
Neither
the 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.
David
Joseph
604-569-1801
davidjosephmarketing@telus.net
604-569-1801
davidjosephmarketing@telus.net
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