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Nexus Gold - NXS.V

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4 months 3 weeks ago #120771 by DearJohn
DearJohn replied the topic: NEWS Nexus Gold Drills 32m of 1.01 g/t Au, Including 2m of 5.65 g/t Au, in First
2018-06-21 12:09 ET - News Release


Mr. Alex Klenman reports

NEXUS GOLD TO DRILL 4000 METERS AT BOUBOULOU-RAKOUNGA AND NIANGOEULA CONCESSIONS, BURKINA FASO

Nexus Gold Corp. has commenced a 4,000-metre reverse circulation drill program at its three Burkina Faso projects. The summer drill program will begin immediately and will consist of approximately 2,000 metres of reverse circulation drilling on the Rakounga exploration permit and 1,000 metres on each of the Bouboulou and Niangouela exploration permits.

Rakounga

At the 250-square-kilometre Rakounga concession, the drill program is designed to test the strike extension of the Koaltenga zone, which to date has returned intercepts of 32 metres averaging 1.01 grams per tonne gold (including six metres of 2.81 grams per tonne gold and two metres of 5.65 grams per tonne gold) from hole RKG-17-RC-002; 34 metres of 1.00 gram per tonne gold (including four metres of 5.57 grams per tonne gold) from hole RKG-17-RC-008; and 26 metres of 0.82 gram per tonne gold (including two metres of 4.11 grams per tonne gold and four metres of 2.60 grams per tonne gold) from hole RKG-17-RC-001 (see the company's news release dated Dec. 13, 2017).

In addition, the company will be testing two newly identified orpaillages, or zones of artisanal mining activity. The first is termed the Porph 2 orpaillage and is located approximately 400 metres southwest of the previously tested porphyry zone, which returned anomalous gold intercepts in drill holes RKG-17-RC-014 (40 metres of 0.19 gram per tonne gold) and hole RKG-17-RC-015 (42 metres of 0.26 gram per tonne gold) (see the company's news release dated Dec. 13, 2017).

The second newly found orpaillage, termed BBL-South, is centrally located in the Rakounga permit. The two workings at BBL-South are believed to be the strike extension of the B2 trend previously identified on the adjacent Bouboulou property. The BBL-South area is located approximately 7,800 metres southwest of the Bouboulou 1 zone.

"We're looking to build on the successes we've already had at Koaltenga by drill testing the newly discovered areas," said Warren Robb, vice-president of exploration. "We are pleased about the BBL-South find as this helps to define the B2 trend over what could be a significant distance," continued Mr. Robb.

Bouboulou

At the 38-square-kilometre Bouboulou concession, the company will drill areas proximal to the previously identified Koala and Pelatanga zones. Drilling in 2017 at Koala returned intercepts of three metres of 5.21 grams per tonne gold (including one metre of 15.50 grams per tonne gold) from drill hole BBL-17-DD-007 and 8.15 metres of 4.41 grams per tonne gold (including one metre of 23 grams per tonne gold) from drill hole BBL-17-DD-008 (see the company's news release dated Oct. 5, 2017). Targeting will test the newly found Rawema South zone, which has returned rock samples of 2.40 grams per tonne gold and 5.56 grams per tonne gold (see the company's company news release dated Feb. 28, 2018).

Niangouela

At the 176-square-kilometre Niangouela concession, the company will be testing a newly found orpaillage occurring three kilometres to the northeast of the primary quartz vein system drilled in January, 2017. The initial drill program at Niangouela produced several mineralized intercepts of note, including 6.20 metres of 4.00 grams per tonne gold (including one metre of 20.50 grams per tonne gold) from drill hole NGL-17-DD-006 and 4.85 metres of 26.69 grams per tonne gold (including 1.03 metres of 132 grams per tonne gold) (see the company's news releases dated March 7, 2017, and April 5, 2017).

"This summer drill program, in addition to our current soil grid program, represent significant steps in the development of our Burkina assets," said Alex Klenman, president and chief executive officer.

"One of the primary goals of these programs at the combined Bouboulou-Rakounga concessions is to increase the size of the overall mineralized footprint while generating data to help establish the nature of the proximal relationship of the known gold zones. Niangouela is an earlier-stage project, but the high-grade discovery we made there last year makes this a compelling project to pursue. We're looking forward getting back up there and exploring the new zone," continued Mr. Klenman.

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6 months 2 weeks ago #120618 by RonS
RonS replied the topic: NEWS Nexus Gold Drills 32m of 1.01 g/t Au, Including 2m of 5.65 g/t Au, in First
Impressive addition to the company today
Effective immediately, the Company is also pleased to announce the appointment of J. Ian Stalker to the board of directors. Mr. Stalker has more than 40 years of development and operational mining experience in countries around the world, including over a decade working in West Africa. Among his many senior executive positions, he was Managing Director of Ashanti Goldfields Co. Limited (later to become AngloGold Ashanti); Vice President of Gold Fields Ltd., at one point the world's fourth largest gold producer; and Chief Executive Officer & Director of Brazilian Gold Corp., among others.

Among his current titles, Mr. Stalker is the Chairman of Plateau Energy Metals, President & CEO of LSC Lithium, and a Director of K92 Mining Inc., a TSXV listed company that is operating a high-grade gold mine in Papua New Guinea.

"We're very pleased to add Ian to the Nexus team," said Chairman, Alex Klenman. "He is very familiar with gold exploration and mining in West Africa and will provide excellent guidance moving forward. He has direct experience taking projects from initial exploration phases through to resource establishment, and eventually to production. We welcome him on board and look forward to him contributing to the growth of the Company," continued Mr. Klenman.

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1 year 2 days ago #119456 by Gold Fever
Gold Fever replied the topic: NEWS Nexus Gold Drills 32m of 1.01 g/t Au, Including 2m of 5.65 g/t Au, in First
Nexus Gold Drills 32m of 1.01 g/t Au, Including 2m of 5.65 g/t Au, in First Drill Holes at Rakounga Gold Concession, Burkina Faso


web.tmxmoney.com/article.php?newsid=5287...80&qm_symbol=NXS:APH

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1 year 2 weeks ago #119354 by GoldnBoy
GoldnBoy replied the topic: NEWS Nexus Gold - NXS.V
InvestmentPitch Media has produced a "video" which discusses this company.

www.investmentpitch.com/video/0_zwi29ixv...us-Gold-Corp-TSXVNXS

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1 year 3 weeks ago #119277 by Gold Fever
Gold Fever replied the topic: NEWS Nexus Gold - NXS.V
Nexus Gold 3000m Drill Program At Rakounga Gold Concession, Burkina Faso, West Africa

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.

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1 year 3 weeks ago #119241 by Gold Fever
Gold Fever replied the topic: NEWS: Nexus Gold Successfully Drills Gold
Thanks Davplan

Here are some answers ....


Why would Roxgold sell the property NXS is excited about and not develop it themselves?

Roxgold lost the property .. Nexus through Warren Rob ghot the property.


Will they need to do a capital raise soon. How long can they keep drilling with cash on the books?

I'm not sure how soon but yes a capital raise will come in the future ....

Do any of their top people have a track record of previous success with similar type projects?

Yes Warren Robb was Roxgold's Cheif Geo and discovered Yaramoko deposit


Is their capital structure solid or do they have too many shares out.

Hard to say , if Nexus contiues with more gold discoveries and adds value it's relative, but with no added value then theres no real asset to create a value / shares issued.

Since this is in Africa I realize they will need more excitement in the junior sector to light a fire on the stock price, but at 7 cents I was looking to gradually build and add below 12 cents I had originally bought at. (just want to make sure they are not an over promoted junior that is good for insiders and not so good for outsiders like myself.

Yes Burkian Faso is a good gold producing African country, and yes a spark would be good, over promoted .. not sure, with out promtion how does a jr attract interest ....

Cheers !

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1 year 1 month ago #119187 by davplan
davplan replied the topic: NEWS: Nexus Gold Successfully Drills Gold
Goldenboy and Goldfever you guys follow NXS and must know a lot about the company. I have a small initial position and your post got my attention back on this one.
A few questions if you could help:

Why would Roxgold sell the property NXS is excited about and not develop it themselves?

Will they need to do a capital raise soon. How long can they keep drilling with cash on the books?

Do any of their top people have a track record of previous success with similar type projects?

Is their capital structure solid or do they have too many shares out.

Since this is in Africa I realize they will need more excitement in the junior sector to light a fire on the stock price, but at 7 cents I was looking to gradually build and add below 12 cents I had originally bought at. (just want to make sure they are not an over promoted junior that is good for insiders and not so good for outsiders like myself.

Anything you'd care to share would be appreciated.

Thanks.

Robin-davplan

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1 year 1 month ago #119184 by GoldnBoy
GoldnBoy replied the topic: NEWS: Nexus Gold Successfully Drills Gold
Some more good news on ZON

2017-10-17 09:17 ET - News Release

Mr. Peter Berdusco reports

NEXUS GOLD SAMPLES 19.95 G/T AU AND 14.90 G/T AU FROM NEW ZONES IDENTIFIED AT RAKOUNGA GOLD CONCESSION

Nexus Gold Corp. 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.

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1 year 1 month ago #119012 by Gold Fever
Gold Fever replied the topic: NEWS: Nexus Gold Successfully Drills Gold
NEWS: Nexus Gold Successfully Drills Gold

tsxpennystocks.ca/mining/news/476-nexus-...overs-gold-in-africa

Highlights:

• Nine of 10 holes from maiden drill program at Bouboulou intersected gold
• 4.41 g/t Au over 8.15m, including 23 g/t Au over 1m at Bouboulou
• 5.21 g/t Au over 3.05m, including 15.5 g/t Au over 1m at Bouboulou
• 1.04 g/t Au over 23m, including 4.1 g/t over 1m at Bouboulou
• 1.23 g/t Au over 9m, 1.1 g/t Au over 4m at Niangouela
• Sampling as high as 17.3 g/t Au at newly acquired Rakounga concession

For the complete news release visit the company’s website www.nexusgoldcorp.com

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1 year 1 month ago #118920 by Gold Fever
Gold Fever replied the topic: Nexus Gold Profile
$NXS.V $NXXGF Nexus Gold Profile

www.goldminingstockspro.com

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1 year 2 months ago #118825 by Gold Fever
Gold Fever replied the topic: NEWS - Nexus Gold Completes Aquisition o3rd Gold Project in Burkina Faso, West A
Nexus Gold Corp. has signed a definitive agreement with Belemyida SA, pursuant to which Nexus will acquire the right to earn up to 100-per-cent interest in the Rakounga gold 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-per-cent interest in the property, in consideration for cash payments of $400,000 (U.S.) and the issuance of 575,000 common shares of Nexus, over a period of three years, broken down as follows:

$15,000 (U.S.) and 25,000 shares of the company upon signing of a definitive agreement;
$15,000 (U.S.) and 50,000 shares of the company not later than the first anniversary of the definitive agreement;
$120,000 (U.S.) and 200,000 shares not later than the second anniversary of the definitive agreement;
$250,000 (U.S.) and 300,000 shares on or before the third anniversary of the definitive agreement.
Following the acquisition of a 90-per-cent interest in the property, Nexus will have the option to acquire the remaining 10-per-cent interest in the property through a cash payment of $1-million (U.S.) with a 1-per-cent net smelter return royalty remaining with the optionor.

"We are very pleased to add Rakounga to our portfolio, which effectively represents a 700-per-cent increase in size to the Bouboulou concession area," said president and chief executive officer Peter Berdusco. "With just under 300 square kilometres 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 kilometres and is located approximately 100 kilometres north-northwest of the capital city of Ouagadougou.

Exploration on the permit area has been conducted by Boliden (1997 to 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 1,000 metres west of the main workings at the previously identified Rawema site. The artisanal workings extend about 150 metres in length and appear by observation to extend to depths of greater than 20 metres.

In 2011 and 2012 Roxgold 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.

The company has subsequently identified three distinct 5,000 m (five km) long anomalous gold trends at the Bouboulou concession. Each of the three trends displays 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 one 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.

Exploration update

A total of 2,596 metres of diamond drilling was completed at the Bouboulou concession in mid-July. Phase 1 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 2,000 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.

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 fourth-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 the major deposits in Ghana and the Ivory Coast continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining underexplored in comparison with neighbouring Ghana and Mali; both of which host world-class gold mines in the same belts of Birimian rocks.

About Nexus Gold Corp.

Nexus Gold 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 square km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178 square km project featuring high-grade gold occurring in and around a primary quartz vein one km in length and associated shear zone.

Warren Robb, PGeo, 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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1 year 4 months ago #118409 by Gold Fever
Gold Fever replied the topic: NEWS - Nexus Gold Acquires 3rd Gold Project in Burkina Faso, West Africa
NXS.V / NXXGF Nexus Gold Acquires 3rd Gold Project in Burkina Faso, West Africa


web.tmxmoney.com/article.php?newsid=7679...127025&qm_symbol=NXS

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