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Nexus Gold - NXS.V

Discussion in 'Canadian Stocks Message Boards' started by Auri, Jul 27, 2016.

  1. Auri

    Auri Member

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    Nexus Gold Acquires Roxgold's Gold Project

    Nexus Gold Corp. (TSXV: NXS),
    entered into a definitive agreement to earn up to a 100% interest in a gold project in Burkina Faso, West Africa. The 38.3 square kilometre Bouboulou Concession is located approximately 100 kilometres north/northwest of Ouagadougou, the capital city of Burkina Faso.


    The property is situated at the north end of the Boromo greenstone belt, which hosts numerous artisanal gold zones over its 120 kilometre length, plus the Bissa Mine operated by Norgold.

    To acquire the initial 75%, Nexus must pay US$500,000 and issue 900,000 shares over a period of 3 years. Nexus has the option to acquire the remaining 25% through a cash payment of US$1 million with a 1% net smelter royalty remaining with the optionor.

    The property has been worked on by Boliden, Riverstone Resources and Roxgold between 1997 and 2012. Exploration included Rotary Air Blast Drilling, trenching, geological mapping, Airborne EM, along with reverse circulation and diamond drilling. Highlights of the previous exploration programs include surface rock sampling and trenching returning gold grades from 1.09 to 19.16 grams per tonne, with 4 zones of gold mineralization already identified on the property.

    For more information on previous drill results, please refer to the July 11, 2016 news release by the company.

    Some of the world's most productive mines are located in West Africa's greenstone belts, which cover approximately 3 million square kilometres. Pro-mining Burkina Faso currently accounts for 21% of West Africa's greenstone belt exposure and is the fastest growing gold producer if Africa, and ranked 4th in the continent. Since 2013, there are 7 gold mines in production.

    The company is currently concentrating its efforts on the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend in Nevada, and its Bissa West Concession, an advanced exploration project also located in Burkina Faso.

    The company is currently raising up to $500,000 through a private placement of up to 10 million units at $0.05, and has closed a total of 5.7 million units. Each unit consists of 1 share and one-half a warrant, with each full warrant exercisable at $0.075 for a period of 24 months.

    For more information, please visit the company's website www.nexusgoldcorp.com,
     
  2. Auri

    Auri Member

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    Nexus Gold to Complete Initial Work Program at Bouboulou, Burkina Faso


    Vancouver, BC / TheNewswire / July 28, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS) is pleased to announce that it intends to complete an initial work program at the Bouboulou Gold Concession ("Bouboulou"or the "Property"), located in Burkina Faso, West Africa.

    Preliminary work on the Property will consist of reviewing legacy data, data compilation, geological mapping, drill hole mapping and selection, rock and core geochemical re-sampling, ground confirmation, and sourcing of drill operator, equipment and crew. Diamond drilling is anticipated in early fall, after the completion of the rainy season in Burkina Faso. The work program will be overseen by Warren Robb, P.Geo.

    Bouboulou covers an area of 38.3 square kilometers and is located approximately 100 kilometers north by northwest of the capital city of Ouagadougou. Exploration on the Property has been conducted by Boliden (1997 - 1999), Riverstone Resources (2005- 2011) and Roxgold Inc. (2011 to 2012). Past exploration has consisted of rotary air blast drilling, trenching, geological mapping, airborne EM and magnetometer and radiometrics, reverse circulation and diamond drilling.

    Highlights of the previous exploration programs includes surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property termed Koala, Rawema, Bouboulou 2 and Pelgtanga.

    Readers are cautioned that the acquisition of an interest in the Property remains subject to the approval of the TSX Venture Exchange. A work program cannot be completed on the Property until such time as that approval is obtained. The Company has applied to the Exchange for approval. For further information with respect to the acquisition of an interest in the Property by the Company, readers are encouraged to review the Company's news release of July 11, 2016.



    About Burkina Faso

    Burkina Faso is a landlocked nation located in West Africa between Ghana and Mali, the second and third largest gold producing countries on the continent. It is underlain by rocks of the same age and history as its neighbors but it is still relatively under-explored compared to its neighbors. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country is pro-mining and has a favorable foreign investment stance.

    The country is the fastest growing gold producer in Africa. It is ranked 4th in the continent and 23rd worldwide in Current Mineral Potential Index in the "Survey of Mining Companies 2014" conducted by The Fraser Institute of Canada. Since 2013, there are seven gold mines in production. Other mining resources include manganese, bauxite, copper, nickel, lead, zinc, and limestone/marble.

    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. Some of the world's most productive mines are located in West African greenstone belts. These belts cover approximately 3, 000, 000 km?, making the area's exploration potential enormous. Burkina Faso currently accounts for 21% of West Africa's greenstone belt exposure. 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 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 Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA and the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa. For more information on these projects, please visit the Company website at www.nexusgoldcorp.com.
     
  3. Auri

    Auri Member

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    $NXS.V Nexus Gold - Trades Up

    Nexus Gold CEO Interview

     

    Attached Files:

  4. Auri

    Auri Member

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    Nexus Gold agreement for Bouboulou property

    2016-07-28 18:23 ET - Property Agreement


    The TSX Venture Exchange has accepted for filing documentation relating to a property option agreement dated June 15, 2016, between the company and Bureau D'Etudes des Geosciences et de L'Environnement, whereby the company will acquire the right to earn up to a 100-per-cent interest in and to a mineral exploration permit pertaining to the Bouboulou property, located in Burkina Faso, West Africa, in consideration of $1.5-million (U.S.) and 900,000 common shares.

    © 2016 Canjex Publishing Ltd. All rights reserved.
     
  5. Auri

    Auri Member

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  6. Auri

    Auri Member

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    Nexus Gold Closes $1.25 Million Private Placement


    Vancouver, Canada / TheNewswire / August 24, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS) is pleased to announce that it has completed a non-brokered private placement of 25,100,000 units (each, a "Unit") in the capital of the Company at a price of $0.05 per Unit for gross proceeds of $1,255,000.

    Each Unit consists of one (1) common share in the capital of the Company and one-half-of-one common share purchase warrant (each full warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one (1) additional share at a price of $0.075 for a period of twenty-four (24) months.

    "With a well-received private placement consisting of many sophisticated investors, our treasury is now strong. Our focus moving forward will be accelerating and expanding a fully-funded phase one work program at Bouboulou and executing its objectives", commented Peter Berdusco, President and Chief Executive Officer of the Company.

    In connection with completion of the offering, the Company has paid $20,240 and issued 967,000 common shares and 638,300 Warrants to certain finders' who introduced subscribers to the offering. All securities issued pursuant to the offering will be subject to a statutory four-month hold period.

    Nexus Gold Announces OTC Markets Group Listing


    Vancouver, Canada / TheNewswire / August 31, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS) is pleased to announce that effective immediately its common shares have commenced trading in the United States under the ticker symbol "NXXGF".

    The listing coincides with the Company's ongoing efforts to support its existing US shareholder base, and to facilitate trading in the OTC markets.

    "This listing increases our access to, and visibility among, retail and institutional investors in the US. It will also provide additional liquidity for existing shareholders and new investors alike" commented Mr. Peter Berdusco, President and Chief Executive Officer of Nexus.

    The company has also pursued DTC eligibility to support electronic trading and expects that approval in the coming weeks. The Company's common shares will continue to trade on the TSX Venture Exchange under the ticker symbol "NXS".


    About the Company

    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.

    www.nexusgoldcorp.com
     
  7. Auri

    Auri Member

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    Nexus Gold starts exploration at Bouboulou concession

    2016-09-08 13:23 ET - News Release


    NEXUS GOLD COMMENCES EXPLORATION PROGRAM AT BOUBOULOU GOLD CONCESSION, BURKINA FASO


    Nexus Gold Corp. has mobilized to the project site, and exploration activities have commenced at the Bouboulou gold concession in Burkina Faso, West Africa.

    Nexus Gold director, Warren Robb, PGeo, will plan and implement the fall exploration program at Bouboulou. Mr. Robb was chief geologist for Roxgold in 2012 where he wrote the 43-101 and oversaw drilling at the property (then called Bissa West). Immediate work includes reviewing legacy data, data compilation, geological mapping, drill hole mapping and selection, rock and core geochemical resampling, ground confirmation, and sourcing of drill operator, equipment and crew.

    In addition to the four known gold zones at Bouboulou, a new area of interest has been observed on the property due to an increase in artisanal mining activity. Upon the initial property visit, the company geologist noted a large orpillage (area worked by artisanal miners). The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics with crosscutting quartz veins and stringers. The orpaillage extends for approximately 250 metres along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone. This same shear zone also hosts Norgold's Bissa Hills mine. The company has sampled the dumps of the orpillage and will integrate the geochemical data into its geological databases.

    "The new area near Pelgtanga appears to be a deep structure; we're going to get a good look at it, but the increase in artisanal activity is interesting from an exploration perspective," said Mr. Robb, PGeo.

    http://www.nexusgoldcorp.com/index.php/news-releases/2016-news/54-
     
  8. Auri

    Auri Member

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  9. hollyhunter

    hollyhunter Member

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    From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term. Next resistance watch: 0.12.
    http://canada.stoxline.com/q_ca.php?s=nxs.v
     
  10. Auri

    Auri Member

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  11. Auri

    Auri Member

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  12. Auri

    Auri Member

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  13. Auri

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  14. Auri

    Auri Member

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  15. Auri

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    Gold Trend Analysis


    Bouboulou Gold Concession, Burkina Faso


    Warren Robb, P.Geo


    The three trends located on the Bouboulou property are all components of the larger regional Sabce shear zone that trends north easterly across the Goren greenstone belt. Deposits occurring along this belt include the Bissa Hills deposit Proven and Probable reserves 48 million tonnes @1.33 grams per tonne gold, the Boully deposit proven and probable reserves of 73 million tonnes @0.56 grams per tonne, the Kalsaka deposit measured and indicated resource 12 million tonnes @1.6 grams per tonne, and the Bouda deposit inferred resource of 5 million tonnes @ 1.44 grams per tonne.


    The PR trend is defined by the mineral occurrences identified by drilling namely at the Peletanga zone drill holes (RC042) and the Rawema zone drill holes (RC013 and DDH05). Rab drilling conducted in 2011 returned anomalous gold zones (shown as the warming colors on the image overlay PR RAB). The supplemental RAB data from 2012 is shown as the red, yellow and orange pins.


    The 2012 data infills the anomalous zones identified by the 2011 RAB drilling. You will notice that the trend continues to the north east right (upper right) onto the Bouda deposit mentioned above. The second image shows the Line Directional Mag over the same area. The trend is consistent with the break from the warm colors to cooler colors. This break in geology and could represent a suitable trap for gold concentration as indicated from the drilling at the above mentioned zones. On our last field visit in September drill collars RC001, RC002 and DDH5 were confirmed in the field.



    Link : http://nexusgoldcorp.com/images/pdf/projects/Nexus-BOUBOULOU_trend_analysis-Warren_Robb-Nov_2016.pdf
     
  16. Auri

    Auri Member

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  17. Auri

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  18. Auri

    Auri Member

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    Nexus holds properties in two of the world’s prolific mining jurisdictions – the first being Burkina Faso. The company successfully raised $1.25m earlier this year and is set to begin work programs. Nexus is well positioned heading into the first quarter of 2017.


    Dr. Kal Kotecha
    © 2010 Junior Gold Report



    http://juniorgoldreport.com/category/featured/
     
  19. Auri

    Auri Member

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    NXS.V / NXXGF Nexus Gold – December 2016 Corporate Video


     
  20. Auri

    Auri Member

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    Nexus Gold Completes Drilling at Niangouela

    NEXUS GOLD COMPLETES RAB DRILLING AT NIANGOUELA GOLD CONCESSION, BURKINA FASO, WEST AFRICA

    Nexus Gold Corp. (NXS.V) has completed its previously announced RAB (rotary air blast) drilling program at the 178-square-kilometre Niangouela gold concession, Burkina Faso, West Africa.

    The RAB drill program consisted of 30 holes totaling 802 meters and was conducted in a grid pattern to test the orientation and extent of a previously identified primary quartz vein. Historical assays of 5.93 g/t Au, 4.83 g/t Au, and 4.12 g/t Au over sample lengths of 2.0 metres respectively have been returned from trenching over the vein. In addition recent rock samples taken from the dumps of local artisanal miners currently working the vein returned 2.49 g/t Au.

    The program was designed to test the top 30 meters of saprolitic rock. Samples were collected over three meter intervals and were shipped to Actlabs in Ouagadougou, Burkina Faso.

    "We are really pleased with the speed and efficiency of this RAB program. The material we observed from the drilling allows us to roughly trace the trend of this vein. Once we get the assays back we hoping to identify potential shoots of higher grade mineralization," states Senior Geologist Warren Robb, P.Geo.

    About the Niangouela Gold Concession

    The Niangouela 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 zone. It is road accessible and has one major orpaillage (artisanal workings).

    To date 556 pits and 11 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

    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.
     

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