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1 year 8 months ago #117849 by lynnsa10
lynnsa10 replied the topic: Nexus Gold Corp -Ellis Martin Interview March 2017
Thanks for the video, a very nice hit on the drill results, surprised the stock did not do better, but I am holding long and strong.

Still early exploration so lots more to come.

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1 year 8 months ago #117845 by Gold Fever
Gold Fever replied the topic: Nexus Gold Corp -Ellis Martin Interview March 2017
NXS.V / NXXGF Nexus Gold Corp - Ellis Martin Interview March 2017


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1 year 8 months ago #117825 by Gold Fever
Gold Fever replied the topic: NEXUS GOLD NEWS - DRILLS 26.69 g/t Au OVER 4.85m,
Drills 26.69 g/t Au over 4.85m, including 120 g/t Au over 1m,
at Niangouela Gold Concession, Burkina Faso, West Africa

Successfully Intersected Gold Mineralization in Eight of the First Nine Holes Drilled

Vancouver, Canada – March 7, 2017 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce initial assay results from its phase one diamond drill program conducted on the 178-square kilometer Niangouela exploration permit located approximately 85 kilometers north of Ouagadougou, Burkina Faso.

The first phase diamond drill program was designed to test anomalous rock samples collected from underground artisanal workings and anomalous Rotary Air Blast (RAB) drilling completed by the company in December 2016. This initial program successfully intersected gold mineralization in eight of the first nine holes drilled on the concession. The mineralization was contained in a silicified shear zone occurring in the host granite, associated with the shear was primary quartz veins.

Significant gold mineralization was encountered in four of the eight holes reporting gold intercepts. NGL-17-DD-008 returned 26.69 grams per tonne (“g/t”) gold over 4.85 metres (including 8.50 g/t gold over 0.62 metre, and 120.00 g/t gold over 1.03 metres). Hole NGL-17-DD-006 returned 4.00 g/t gold over 6.20 metres (including 20.50 g/t gold over 1.00 metre). NGL-17-DD-009 returned 2.61 g/t gold over 4.00 metres (including 5.92 g/t gold over 1.00 metre), and NGL-17-DD-003 returned 1.80 g/t gold over 5.10 metres (including 6.14 g/t gold over 1.10 metres).

The assay results from the phase one program are tabled below:
Hole ID Azimuth Dip FROM (m) TO (m) INTERCEPT (metres) Au gram/tonne
NGL-17-DD-001 10 -50 76.00 87.00 11.00 0.32
INCLUDES 83.00 84.00 1.00 1.21
NGL-17-DD-002 190 -60 84.50 85.50 2.00 1.05
104.50 105.50 1.00 1.32
NGL-17-DD-003 185 -50 86.40 91.50 5.10 1.80
INCLUDES 86.40 87.50 1.10 6.14
NGL-17-DD-004 185 -60 121.00 124.00 3.00 0.75
INCLUDES 122.00 123.00 1.00 1.23
NGL-17-DD-005 185 -70 NO SIGNIFICANT RESULTS
NGL-17-DD-006 180 -50 65.00 71.20 6.20 4.00
INCLUDES 70.20 71.20 1.00 20.50¹
NGL-17-DD-007 180 -60 102.00 109.20 7.20 1.01
INCLUDES 104.00 105.00 1.00 2.34
AND 106.20 107.20 1.00 1.92
NGL-17-DD-008 180 -50 57.00 61.85 4.85 26.69
INCLUDES 58.35 58.97 0.62 8.50
AND 58.97 60.00 1.03 120.00²
NGL-17-DD-009 180 -60 74.50 78.50 4.00 2.61
INCLUDES 76.50 77.50 1.00 5.92¹
¹ Denotes metallic screen analysis
² Denotes gravimetric fire assay analysis
Note all assay results represent intercept lengths and are not true widths

The drill program tested the shear zone for over 200 metres along strike and intercepted the zone to depths of 105 metres below surface. The shear zone remains opens along strike and to depth. Additional artisanal workings have been discovered occurring along strike of the shear zone another 800 metres to the east of the drill area.

“We’re very pleased with the early assay results, with eight of the first nine holes returning gold mineralization,” said president & CEO, Pete Berdusco. “We’ve been able to follow up our excellent sampling results now with high grade drill intervals. These are the first ever drill holes at Niangouela, and we’re already seeing intercepts with potential economic promise. This is very encouraging, given how early we are in our exploration program, and how open the mineralized zone is. We will continue to drill the target areas in the coming months to identify further mineralized zones along the strike length.”


“These results are encouraging and complement our earlier sampling program extremely well,” said Senior Geologist Warren Robb. “The first samples we reported established the presence of high-grade gold in the quartz vein. Of the first nine holes we drilled, three have returned visible gold. We have now established additional high-grade mineralization, not only in the quartz vein, but also in the shear zone. Given that the shear and the quartz both show significant grade, our drill efforts will now focus on delineating additional mineralized zones up and down the strike length, and the higher-grade shoots that could be contained within it,” continued Mr. Robb.

The sampled core was delivered to the independent Actlabs laboratory in Ouagadougou where the samples underwent analysis by fire assay with an atomic absorption finish. If samples returned values greater than 10 ppm gold the sample was reanalyzed by gravimetric fire assay. Samples with identified visible gold were analyzed using a fire assay metallic screen analysis. The Company employs a QA/QC program of inserting standards, blanks and duplicates into the samples stream as a supplement to the internal checks employed by Actlabs.

The Company has now drilled 1470.5 metres of a planned 2000 metre phase one diamond drill program at the 178 square kilometer Niangouela exploration permit. The first phase is designed to test the primary quartz vein and associated shear zone at depth and along strike. The current program is targeting areas of gold anomalies identified from rock samples and Rotary Air Blast (RAB) drilling that was conducted by the Company in December 2016. The Company plans on completing the phase one diamond drill program later this month before planning and commencing a follow up drill program.

About the Niangouela Gold Concession

The 178 sq km Niangouela gold concession is located on the Boromo Greenstone Belt (as is the Company's Bouboulou Gold Concession), and is proximal to the Kalsaka deposit and the Sabce Shear Zone. It is accessible by road and has one major orpaillage (artisanal workings).

In December 2016 the Company conducted an 802m rotary air blast (RAB) drill program that delineated an approximately 1,000-metre (1km) quartz vein and a 500-metre secondary strike, running oblique to the main vein. This vein has now been identified in trenches, artisanal workings and through RAB drilling. It remains open in all directions.

A total of 11 rock chip and grab samples were taken during the initial exploration phase. Eight of the 11 samples returned values of 1 gram-per-tonne (“g/t”) gold or better. Best results of the 11 include sample NG005, taken directly from the primary quartz vein at 46m depth (accessed via an artisanal mining shaft), which returned a value of 2,950 g/t gold. Sample NG006 was collected from the artisanal dumps of the sheared intrusive and returned a value of 23.9 g/t gold. Sample NG007 contained coarse visible gold, and was taken from material extracted from the eastern shaft from a depth of approximately 60m, returned values of 403 g/t gold. Sample NG008 was taken from the western shaft, 10 to 12 metres west of the eastern shaft, and consisted of a single large piece of primary quartz vein containing host rock inclusions and a cluster of visible gold. NG008 returned values of 49.8 g/t gold.

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. 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 8 months ago #117815 by Gold Fever
Gold Fever replied the topic: Nexus Gold - 2017 CEO Interview
Nexus drills 1,470 metres at Niangouela, names director



2017-03-02 11:17 ET - News Release


Mr. Peter Berdusco reports

NEXUS GOLD UPDATES PHASE ONE DRILLING AT NIANGOUELA GOLD CONCESSION, BURKINA FASO, WEST AFRICA

Nexus Gold Corp. has completed 1,470 metres of its phase I drill program on the Niangouela permit in Burkina Faso.

A total of 14 holes were drilled, totalling 1,470.5 metres. Of the 14 holes drilled, 13 successfully intersected the targeted shear zone. One hole had to be abandoned due to ground conditions. Of the 13 holes, three holes reported intersections hosting visible gold. Drill holes NIA-17-DD-003, 006 and 009 reported visible gold occurring as small points, or clusters of points, with the gold present in contorted quartz veins occurring within the shear. The company has forwarded all samples for assay to Act Lab's laboratory in Ouagadougou. The company will report all assay data once they have been received, reviewed and verified.

The company originally scheduled a 1,000-metre phase I diamond drill program on its 178-square-kilometre Niangouela exploration permit. The increased 1,000 metres of diamond drilling announced in the company's Feb. 23, 2017, news release, are designed to further test the primary quartz vein and associated shear zone at depth and along strike. The current program is targeting areas of gold anomalies identified from rock samples and rotary air blast (RAB) drilling that was conducted by the company in December, 2016, and January, 2017. The company plans on completing the phase I diamond drill program later this month.

Board appointment

The company is pleased to welcome Rodney Stevens as an independent director. Mr. Stevens is a CFA charter holder with over 10 years of experience in the capital markets, first as an investment analyst with Salman Partners Inc., then as a merchant and investment banker. While at Salman Partners, Mr. Stevens became a top-rated analyst by StarMine on July 17, 2007, for the metals and mining industry. Over the course of his career, Mr. Stevens has been instrumental in assisting in financings and mergers and acquisition activity worth over $1-billion in transaction value.

Mr. Stevens replaces Dean Humphreys, who resigned to pursue other ventures. The company would like to thank Mr. Humphreys for his years of service and wish him well in his future endeavours.

About the Niangouela gold concession

The 178-square-kilometre Niangouela gold concession is located on the Boromo greenstone belt (as is the company's Bouboulou gold concession), and is proximal to the Kalsaka deposit and the Sabce shear zone. It is accessible by road and has one major orpaillage (artisanal workings).

In December, 2016, the company conducted an 802-metre rotary air blast drill program that delineated an approximately 1,000-metre (one kilometre) quartz vein and a 500-metre secondary strike, running oblique to the main vein. This vein has now been identified in trenches, artisanal workings and through RAB drilling. It remains open in all directions.

A total of 11 rock chip and grab samples were taken during the initial exploration phase. Eight of the 11 samples returned values of one gram per tonne gold or better. Best results of the 11 include sample NG005, taken directly from the primary quartz vein at 46 metres depth (accessed through an artisanal mining shaft), which returned a value of 2,950 gram per tonne gold. Sample NG006 was collected from the artisanal dumps of the sheared intrusive and returned a value of 23.9 gram per tonne gold. Sample NG007 contained coarse visible gold and was taken from material extracted from the eastern shaft from a depth of approximately 60 metres, and returned values of 403 gram per tonne gold. Sample NG008 was taken from the western shaft, 10 metres to 12 metres west of the eastern shaft, and consisted of a single large piece of primary quartz vein containing host rock inclusions and a cluster of visible gold. NG008 returned values of 49.8 gram per tonne gold.

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 of 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 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-kilometre advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre 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 8 months ago #117807 by RonS
RonS replied the topic: Nexus Gold - 2017 CEO Interview
DJ, can't wait to see results too. I think the market is expecting something pretty good so the bar is set high?

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1 year 8 months ago #117780 by DearJohn
DearJohn replied the topic: Nexus Gold - 2017 CEO Interview
Thanks for the video. The stocks is holding up well and good to see an increased phase 1 diamond drill program by an additional 1,000 metres at their Niangouela gold project

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1 year 9 months ago #117704 by Gold Fever
Gold Fever replied the topic: Nexus Gold - 2017 CEO Interview
Nexus Gold – 2017 CEO Interview

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1 year 9 months ago #117703 by Gold Fever
Gold Fever replied the topic: Nexus Gold - News Reports 2,950 g/t Gold
Nexus Gold has done very well imo with those high grade samples now if the drills return grade and length .... it may be a completely different situation.

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1 year 9 months ago #117654 by GoldnBoy
GoldnBoy replied the topic: Nexus Gold - News Reports 2,950 g/t Gold
Good day for NXS, now at 34, maybe we close at a new high today

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1 year 9 months ago #117572 by Gold Fever
Gold Fever replied the topic: Nexus Gold - News Reports 2,950 g/t Gold
NEWS - Nexus Gold Announces Drilling on High Grade Quartz Vein

t.co/2uBHDy0fel

The 2017 gold samples are very high and if the drills come back with anything close to those grades ....watch out !

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1 year 9 months ago #117568 by DearJohn
DearJohn replied the topic: Nexus Gold - News Reports 2,950 g/t Gold
Yes, this is looking real good, last 5 trading days about 20 million shares traded

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1 year 9 months ago #117562 by GoldnBoy
GoldnBoy replied the topic: Nexus Gold - News Reports 2,950 g/t Gold
Another nice move today, up to 30 cents with a high at 33. Should be another big volume day at 2.5M shares already

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