NEWS - Nexus Gold - Receives New Long Term Work Permit on 2nd Gold Project Bouboulou http://tsxpennystocks.ca/mining/new...erm-work-permit-on-2nd-gold-project-bouboulou
Mining Weekely Reports on Nexus Gold http://www.miningweekly.com/article...om-second-gold-project-2017-04-28/rep_id:3650
$NXS.V $NXXGF - Nexus Gold Identifies Five New Quartz Gold Zones at Niangouela http://tsxpennystocks.ca/mining/new...-zones-at-niangouela-burkina-faso-west-africa
Completes Drilling at Niangouela, Assays Pending Plans Underway For Second Gold Project Drilling Bouboulou Nexus Gold Corp. (NXS.V / NXXGF) provided updates from its two gold exploration projects in Burkina Faso, West Africa. Phase Two Drill Program at Niangouela Completed The Company reported it has completed its phase two diamond drill program at the 178-square kilometre Niangouela exploration permit, located approximately 85 kilometres north of Ouagadougou. The completed drilling included the remaining phase one holes (approximately 500 metres) and an additional 2000 metres comprising the phase two program. A total of 18 holes, consisting of 2572 metres, were drilled in this latest round. Eleven of the holes drill tested the westerly strike and dip extension of the main quartz-shear zone. Of the remaining seven holes, three tested the eastern extension of the main zone and four tested two of the newly identified zones (see news release of May 3, 2017). In addition, the Company also completed a trenching program which consisted of six trenches totalling 384 metres. Three of the six trenches were designed to test the easterly strike extension of the main zone identified in phase one drilling, and to expose the trends of the mineralization identified by surficial mapping conducted by the Company. The remaining three trenches were dug to test newly discovered zones. The phase two diamond drill program at Niangouela was undertaken to test the dip and strike extensions of gold mineralization identified by the Company in its initial phase one program. The program also tested additional targets identified through surface mapping and prospecting. To date the Company has now completed 4020.5 metres of diamond drilling at Niangouela. Results from the latest program will be released once received, reviewed and verified. https://web.tmxmoney.com/article.php?newsid=5482030362239112&qm_symbol=NXS
$NXS.V $NXXGF - Nexus Gold - Gold Prices Highest in 3 weeks http://www.marketwatch.com/story/gold-keeps-rally-going-as-dollar-eases-stocks-churn-2017-05-22 http://www.nexusgoldcorp.com
$NXS.V $NXXGF - Nexus Gold - NEWS – Samples 66 g/t Gold & Discovers 5th Gold Zone http://tsxpennystocks.ca/mining/new...-g-t-and-29-g-t-gold-at-2nd-project-bouboulou
$NXS.V $NXXGF ***** NEWS ***** Nexus Gold Mobilizes Crew & Drilling Equipment to 2nd Gold Project Bouboulou http://tsxpennystocks.ca/mining/new...lling-equipment-to-2nd-gold-project-bouboulou
$NXS.V $NXXGF – NEXUS GOLD COMMENCES DRILLING AT 2nd GOLD PROJECT BOUBOULOU http://tsxpennystocks.ca/mining/news/394-nexus-gold-commences-drilling-at-2nd-gold-project-bouboulou
Nexus Gold Acquires 3rd Gold Project in Burkina Faso, West Africa The Rakounga Gold Concession a 250 sq km Gold Property Contiguous to the Company's 2nd Gold Project Bouboulou https://web.tmxmoney.com/article.php?newsid=7679518855127025&qm_symbol=NXS
$NXS.V $NXXGF – Nexus Gold Trades at Lower Ranges as the Market Waits for Drill Assays Results “Gold Prices Spike” https://www.bullionvault.com/gold-news/gold-prices-0811
Vancouver, Canada – August 31, 2017 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce that it has signed a definitive agreement with BELEMYIDA SA (the “Optionor”), pursuant to which Nexus will acquire the right to earn up to 100% interest in the Rakounga Gold Property (the “Property”) located in Burkina Faso, West Africa. The 250-square kilometre Rakounga Gold property is contiguous to the Company’s Bouboulou gold concession. The Property borders Bouboulou on the west and south sides and hosts the Bouboulou 1 gold showing, which is the southern extension of the Bouboulou 2 trend. Bouboulou 1 is an active orpaillage with shaft workings that extend down approximately 80 metres. Nexus will have an option to acquire a 90% interest in the Property, in consideration for cash payments of US$400,000 and the issuance of 575,000 common shares of Nexus, over a period of three years, broken down as follows: · US $ 15,000 (fifteen thousand) and 25,000 shares of the Company upon signing of a definitive agreement. · US $ 15,000 (fifteen thousand) and 50,000 shares of the Company not later than the first anniversary of the definitive agreement. · US $ 120,000 (one hundred and twenty thousand) and 200,000 shares not later than the second anniversary of the definitive agreement. · US $ 250,000 (two hundred and fifty thousand) and 300,000 shares on or before the third anniversary of the definitive agreement. Following the acquisition of a 90% interest in the Property, Nexus will have the option to acquire the remaining 10% interest in the Property through a cash payment of US$1,000,000 with a 1% net smelter return royalty remaining with the Optionor. “We are very pleased to add Rakounga to our portfolio, which effectively represents a 700 percent increase in size to the Bouboulou concession area,” said President & CEO Peter Berdusco. “With just under 300-sq km of ground, we can now follow both the already established Bouboulou 2 and Pelatanga-Rawema mineralized trends for several kilometres to the southwest. There is significant artisanal activity along these trends and we’re excited to continue our exploration efforts there in the coming months,” continued Mr. Berdusco. All securities issued in connection with the property option will be subject to a four-month-and-one-day statutory hold period. The property option remains subject to a number of conditions, including negotiation of definitive agreements, approval of the TSX Venture Exchange, and such other conditions as are customary in transactions of this nature. Historical Data – Work to date at Bouboulou The main Bouboulou concession 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 permit area has been conducted by Boliden (1997 – 1999), Riverstone Resources (2005 to 2011) and Roxgold Inc. (2011 to 2012). The property is situated at the north end of the Boromo greenstone belt underlain by an alternating sedimentary-basalt-sedimentary-volcanic progression which strikes generally northeast-southwest, and is bisected by the Sabce Shear Zone, which hosts numerous artisanal gold zones over its 120-kilometre length plus the Bissa Mine operated by Nordgold. Four zones of gold mineralization were previously identified on the property termed Koala, Rawema, Bouboulou 2 and Pelatanga. A fifth zone, Rawema West, was recently identified by Nexus geologists, as announced in a June 6, 2017 news release. The Koala zone as well as the new Rawema West zone have both yielded strong samples, as announced in the June 6 news release. Highlights include high-grade quartz sample BBL-012, which contained visible gold, taken from an artisanal shaft (or orpaillage pit) 70 metres below surface at the Koala zone, that returned 66.1 grams-per-tonne (“g/t”) gold (“Au”). Sample BBL-013 (quartz material containing pyrite), also taken from an artisanal shaft at approximately 70 metres below surface, returned a value of 29 g/t Au. The Rawema West zone occurs approximately 1000 metres west of the main workings at the previously identified Rawema site. The Artisanal workings extend some 150 metres in length and appear by observation to extend to depths of greater than 20 metres. In 2011 and 2012 Roxgold Inc completed reverse circulation (RC) and diamond drilling (DD) programs to test the previously identified mineralized zones. Historical drilling highlights from Bouboulou can be found on the Company website here: http://www.nexusgoldcorp.com/index.php/en/projects-3/bouboulou-gold-concession The Company has subsequently identified three distinct 5000m (5km) long anomalous gold trends at the Bouboulou concession. Each of the three trends display strong coincidental geochemical and geophysical gold anomalies, and extend from the four previously drill-identified mineralized zones, namely Rawema, Pelatanga, Bouboulou 2 and Koala. They are identified by numerous orpaillages (artisanal workings) and geochemical samples of greater than 1 g/t Au. All three of the Bouboulou trends display similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them, or along trend. A map of the three trends can be seen online here: http://www.nexusgoldcorp.com/images/NexusGold_Boub1.jpg Exploration Update A total of 2,596 metres of diamond drilling was completed at the Bouboulou concession in mid-July. Phase one drilling tested the Koala, Rawema, and Bouboulou 2 zones, to depths of approximately 150 to 175 metres. Assays are currently pending and results will be released once received, reviewed and verified. In addition, the Company is also awaiting results of approximately 2000 metres of diamond drilling from the Niangouela concession, completed in mid-May. After lab delays, the Company also anticipates receiving these results shortly and will release them once received, reviewed and verified. The Company plans on resuming exploration activity at its Burkina Faso projects in the fall. Company Profile: www.goldminingstockspro.com Subscribe for news fromNexus Gold: SUBSCRIBE LINK Issued & Outstanding: 130,642,623 Symbols: TSXV: NXS, OTC: NXXGF FSE: N6E Website:www.nexusgoldcorp.com
$NXS.V $NXXGF Trends Up as the Market Waits on Gold Assays https://www.stockwatch.com/Chart/Hist.aspx?symbol=NXS®ion=C
NEWS: $NXS.V $NXXGF Nexus Gold Successfully Drills Gold http://tsxpennystocks.ca/mining/news/476-nexus-gold-drills-and-discovers-gold-in-africa
Nexus Gold Assays 19.95 g/t Gold and 14.90 g/t Gold from New Zones Identified from Rakounga Rock samples collected at Rakounga property, located adjacent to the Company’s Bouboulou gold concession in Burkina Faso, West Africa Nexus Gold Corp. (NXS.V) reported that it has received assay results for rock samples collected on the Gounga and Porphyry orpaillages on its newly optioned Rakounga property, located adjacent to the Company’s Bouboulou gold concession in Burkina Faso, West Africa. Four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne (“g/t”) gold (“Au”), 2.57 g/t Au, and 1.175 g/t Au, respectively. A total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively. “We are extremely encouraged with these strong gold assays,” said senior geologist Warren Robb. “These three orpaillages appear to be occurring along the same trend as the Rawema-Pelatanga trend on the neighbouring Bouboulou property to the Northeast. We would like to test these new zones and see if we can extend these high values to depth,” continued Mr. Robb. Thus far sampling at the three newly identified orpaillages (artisanal mining areas), Koaltenga, Porphyry and Gounga, on the Rakounga permit have returned elevated gold values. In addition to the samples above, the Company already reported (news release dated October 5, 2017) initial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage of 17.30 g/t Au, 2.33 g/t Au, and 1.45 g/t Au, respectively. “Rakounga was a very strategic addition to the Bouboulou project,” commented President & CEO, Pete Berdusco. “With the early sampling work already producing nice grades, and with the proximity to known mineralized zones at Bouboulou, we’re certainly excited to find out more about Rakounga. It’s a large land package with significant artisanal activity on it, so it checks some important boxes for us. In the near term we will continue to identify areas of interest through sampling, mapping, and reconnaissance. Ultimately, we’re looking to establish a relationship between the mineralized zones on both properties,” continued Mr. Berdusco. 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 project consists of the 38-sq km Bouboulou claims and the adjacent 250-sq km Rakounga gold concession. The Niangouela gold concession is a 178-sq km project featuring high-grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. www.nexusgoldcorp.com
Nexus Gold 3000m Drill Program At Rakounga Gold Concession, Burkina Faso, West Africa Vancouver, Canada / TheNewswire / October 25, 2017 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report its upcoming fall work program will include a 3000-metre reverse circulation ("RC") drill program at the newly optioned Rakounga property, located adjacent to the Company's Bouboulou gold concession in Burkina Faso, West Africa. The exploration program at Rakounga has been designed to test the nature of the mineralization occurring at each of the three orpaillages that we have identified and sampled. Initially, the Koaltenga and Gounga orpaillages displayed shear hosted gold mineralization. The initial program will test this style of mineralization to depth by drilling under the exposed surface workings and then along strike as the work progresses. The Porphyry orpaillage displays more of a quartz vein-style mineralization. The goal of the program will be to gain as many intersections in the vein and attempt to determine grade and orientation (strike and dip). To date, four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne ("g/t") gold ("Au"), 2.57 g/t Au, and 1.175 g/t Au, respectively. A total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively. Initial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage returned values of 17.30 g/t Au, 2.33 g/t Au, and 1.45 g/t Au, respectively. "We have been successful in identifying gold mineralization from three different areas at Rakounga. Now we are looking to establish structural relationships between them, and with the known trends on our contiguous Bouboulou property," said Peter Berdusco, President and CEO of Nexus Gold Corp. "This puts Nexus Gold in an advantageous position of having multiple premium exploration properties in Burkina Faso in which to advance our goal of establishing a significant resource in West Africa," continued Mr. Berdusco. The Company is also pleased to announce that it has completed an initial tranche of a private placement through the issuance of 5,333,168 units at a price of $0.075 for gross proceeds of $399,988. Each "unit" consists of one common share and one-half-of-one common share purchase warrant exercisable to acquire an additional common share at a price of $0.12 for a period of twenty-four months. In connection with completion of this tranche, the Company paid cash finders' fees of $2,799 and issued 37,320 warrants exercisable on the same terms as the unit warrants. The Company anticipates completing additional tranches of the placement, and will provide further information as soon as it becomes available. Completion of additional tranches remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period. 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 project consists of the 38-sq km Bouboulou claims and the adjacent 250-sq km Rakounga gold concession. The Niangouela gold concession is a 178-sq km project featuring high-grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. 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.
Drilling Commences At Rakounga Gold Concession, Burkina Faso, West Africa (via TheNewswire) Vancouver, Canada / TheNewswire / October 31, 2017 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report that drilling has commenced at its 250-sq km Rakounga gold concession, located adjacent to the Company's Bouboulou gold concession, in Burkina Faso, West Africa. The phase one reverse circulation ("RC") drill program at Rakounga will include 3000 metres targeting mineralization occurring at the Koaltenga, Gounga and Porphyry orpaillages that have now been identified and sampled at the property. Initially, the Koaltenga and Gounga orpaillages displayed shear hosted gold mineralization. This drill program will test this style of mineralization to depth by drilling under the exposed surface workings and then along strike as the work progresses. The Porphyry orpaillage displays more of a quartz vein-style mineralization. The goal of the drilling at Porphyry will be to gain as many intersections in the vein and attempt to determine grade and orientation (strike and dip). To date, four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne ("g/t") gold ("Au"), 2.57 g/t Au, and 1.175 g/t Au, respectively. A total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively. Initial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage returned values of 17.30 g/t Au, 2.33 g/t Au, and 1.45 g/t Au, respectively. Click Image To View Full Size 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 three gold projects located in Burkina Faso, West Africa. The 38-sq km Bouboulou gold concession consists of five known mineralized zones contained within three distinct 5Km gold trends. The 250-sq km Rakounga gold concession has numerous active orpaillages, and sits adjacent to the Bouboulou concession. The Niangouela gold concession is a 178-sq km project featuring high-grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. 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. On behalf of the Board of Directors of NEXUS GOLD CORP. Peter Berdusco President and Chief Executive Officer 604-558-1920 www.nexusgoldcorp.com Neither 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. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Copyright (c) 2017 TheNewswire - All rights reserved.
