Company's Bouboulou and Niangouela concessions yield new zones of gold mineralization
Nexus Gold Corp (OTCBB:AZURF)
VANCOUVER, BC, CANADA, February 28, 2018 /EINPresswire.com/ — Vancouver, Canada – February 28, 2018 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to provide select sampling results from its ongoing field exploration programs currently being conducted on its Niangouela and Bouboulou exploration permits, located in Burkina Faso, West Africa.
On the Bouboulou permit, rock samples were collected from a new orpaillage located some 600 meters south west of the Rawema showing which has returned drill intersections of 2.21 grams per tonne (“g/t”) gold (“Au”) over 35 metres, including 5.46 g/t Au over 12 metres, and 4.62 g/t Au over 6 metres, including 81.32 g/t Au over .3 metres. This new orpaillage occurs along strike of the Pelatanga-Rawema Trend outlined by the company.
Company geologists have sampled select material recovered from new workings at a depth of 10 meters from surface which have returned results averaging 1.73 g/t Au, with the highest sample returning assay values of 5.56 g/t Au.
The company is also pleased to include assay results from two new orpaillages located on the Niangouela permit. One orpaillage is located south east of the company’s main shear discovery while the second showing is located 1900 meters West of the company’s main shear showing. Results from sampling of the two areas have returned results ranging from 0.368 g/t Au to 6.27 g/t Au.
Complete tables of the sampling results can be viewed at www.nexusgoldcorp.com
“The new zones we’ve uncovered and now sampled define greater areas of mineralization at both concessions,” said Chairman and COO, Alex Klenman. “The Bouboulou trends continue to return gold values along broad trends. Combined with the RC results we obtained from the adjacent Rakounga permit in November 2017, it is suggestive of significant gold mineralization at a district scale. The Sabce Shear, which bisects Bouboulou, is a well known, yet underexplored belt that hosts some of the largest gold deposits in the country, both to the south and to the east of our location. Our 2017 work confirmed and delineated five distinct zones that combined produce a very compelling overall target worthy of much more exploration. The new zone at Niangouela also advances our understanding of that project and suggests that other zones of gold mineralization are present. We are looking forward to ramping up our 2018 programs and moving our projects forward,” continued Mr. Klenman.
The Company is currently compiling all historical data and integrating it with all new data generated over the past 14 months at it’s 288-sq km Bouboulou-Rakounga concessions. The data is being used to generate a comprehensive 3D animation model of the Bouboulou-Rakounga mineralized zones that will aid the Company in targeting upcoming drill locations.
In addition, the Company is pleased to report it has initiated a technical report on the Bouboulou-Rakounga concessions. This report will provide valuable guidance to the Company’s 2018 drill plans and beyond, with the goal of establishing a resource estimate. Completion of the report is anticipated shortly.
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.
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.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Chairman & COO
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
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Source: EIN Presswire