Nexus Gold Recovers Additional High-Grade Samples at Dakouli 2 Project, Burkina Faso, West Africa

Figure 1: Rock sample with visible gold in quartz, recovered at the Dakouli 2 concession

Figure 2: Close up of visible gold in quartz sample recovered at the Dakouli 2 concession

Figure 3: Dakouli 2 mineralized zones and bisecting Sabce faults/lineaments in red

Visible gold now recovered from multiple zones; New sample highlights include 17.6 g/t Au, and 11.1 g/t Au; Five of 25 samples greater than 11 g/t Au

Nexus Gold Corp (OTCQB:NXXGF)

VANCOUVER, BC, CANADA, January 15, 2019 /EINPresswire.com/ — Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report additional sample results from the recently acquired, 100% -owned, 98-sq km Dakouli 2 Gold Project, located on the Goren Greenstone Belt, central Burkina Faso, West Africa.

A total of 13 samples were taken in the second round of prospecting on the Dakouli 2 property, with five returning values between 1.74 grams-per-tonne (“g/t”) gold (“Au”), and 17.6 g/t Au, and eight returning values from 0.052 to 0.864 g/t Au. Samples were collected from orpaillage dumps and from depths of 15 to 40 meters below surface within active artisanal pits and shafts.

Of the first 25 samples now collected on the property, 11 have returned values greater than 1 g/t Au. Five samples so far have exhibited various concentrations of coarse, nuggety, visible gold, returning assay values greater than 11 g/t Au. All 25 samples taken to date at Dakouli 2 have tested positive, with several returning significant gold values.

Ground reconnaissance recently completed by the Company has identified two new mineralized zones and a secondary vein structure just south of the primary Northeast Zone described in the Company’s January 8, 2019, news release.
The secondary vein structure identified is located 70 meters south of the primary Northeast Zone. The new workings are parallel to the primary orpaillage being worked and three samples taken 17 to 40 meters below depth returned gold values of 1.74 g/t Au, 3.68 Au and 17.6 g/t Au, respectively. The 17.6 g/t sample exhibited coarse visible gold. The workings of the Northeast Zone on the Dakouli 2 property now cover an area measuring 400 meters along strike enclosing two parallel gold bearing structures 150 meters wide.

An additional new zone, located on the western boundary of the Dakouli 2 permit, has returned two samples from workings located there of 2.72 g/t Au and 11.1 g/t Au. This second orpaillage, termed the Boken Vein Zone, consists of gold in quartz veins located proximal to a granitic plug.

“The secondary structure identified in the north east and the Boken Vein showings are revealing just how robust the Sabce fault zone is,” said Vice President of Exploration, Warren Robb, P.Geo. “The amount of coarse visible gold we have seen thus far makes this a very exciting exploration program,” continued Mr. Robb.

“These are positive early indicators at Dakouli,” said Alex Klenman, president & CEO. “We have already confirmed multiple mineralized zones on the property and are currently mapping out these zones to determine their relationship to known structural faults and trends. It is a prolific area in terms of gold mineralization and we are encouraged by both the abundance of visible gold at Dakouli and the sample grades so far. We have lots of similar ground to cover, I’m looking forward to a deeper and more extensive exploration program, including a maiden drill program, in the coming months,” continued Mr. Klenman.

Dakouli Samples greater than 1 g/t gold: DKL-001 – 3.15 g/t Au; DKL-004 – 27.5 g/t Au; DKL-009 – 2.90; DKL-010 – 4.93 g/t Au; DKL-011 – 29.5 g/t Au; DKL-012 – 12.4 g/t Au; DKL-021 – 2.72 g/t Au; DKL-022 – 11.1 g/t Au; DKL-023 – 17.6 g/t Au; DKL-024 – 1.74 g/t Au; DKL-025 – 3.68 g/t Au.

The Dakouli 2 exploration permit is located approximately 100 kilometers due north of the capital city Ouagadougou. The 98-square kilometer permit lies immediately south of the Company’s Niangouela property. Drilling at Niangouela has returned significant intercepts, including 26.69 g/t Au over 4.85m (including 1m of 132 g/t Au), and 4 g/t Au over 6m (including 20.5 g/t Au over 1m).

The Dakouli 2 property is located on the Goren Greenstone belt and is bordered to the north by granitic rocks. It is also bisected by the Sabce Shear, a major structural fault zone proximal to multiple gold deposits, which trends southwest northeast and bisects the entire long axis of the property.

The Sabce Nord trend starts at Nordgold’s Bissa mine continues through the Northeast Zone on the Dakouli 2 permit, and the southeastern corner of the Niangouela permit. It proceeds to Boken Vein Zone on the western boundary of Dakouli 2 and is approximately 12 kilometers in length. The Sabce Sud hosts Nordgold’s Gougre satellite pit, east of Dakouli 2, and runs approximately four kilometers across the property’s southern section, bisecting the Black Vein Zone. The Black Vein Zone, an active orpaillage featuring a series of deep shafts that trend sub parallel to the Sabce Sud, features hard, black siliceous rock, similar to what is being mind at the Gourgre satellite pit.

About the Company

Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of it’s four current Burkina-based projects which total over 560-sq kms (56,000+ hectares) of land located on proven gold belts and active mineralized trends.

Warren Robb P.Geo., Vice-President, Exploration, 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.

Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
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.

Alex Klenman
Nexus Gold Corp
6045581919
email us here
Visit us on social media:
Twitter
LinkedIn

Nexus Gold – Developing Gold Projects in Burkina Faso, West Africa


Source: EIN Presswire

Holabird Western Americana Collections' five-day auction, titled Treasures Galore, will be held Jan. 24-28 in Reno, Nev.

Edison-Swan British patent archive (circa 1880-1883) pertaining to incandescent lighting (est. $10,000-$20,000).

Complete set of 11 five-ounce 999 silver medallions for the 50th anniversary of Snow White and the Seven Dwarfs (est. $1,700-$3,000).

Display board containing a near-complete set of the first 40 issues of the Society of Medallists, 1930-1949 (est. $2,000-$4,000).

Historic 500-troy ounce bullion scale made by Troemner out of Philadelphia for the U.S. Mint (est. $7,500-$10,000).

Stock certificate for 75 shares for the Eureka & Colorado River Rail Road Company (Nev.), from 1882 (est. $500-$1,000).

The auction will be held online and in Holabird’s gallery located at 3555 Airway Drive (Suite 308) in Reno. Offered will be nearly 4,000 lots of Americana.

This is the third sale in what has been an exciting fall and winter season for us.”

— Fred Holabird

RENO, NEV., UNITED STATES, January 11, 2019 /EINPresswire.com/ — RENO, Nev. – Holabird Western Americana Collections is following up its massive “to die for” auction in December with another five-day colossus comprising nearly 4,000 lots of Americana. The auction – appropriately titled Treasures Galore – will be held Thursday to Monday, January 24th thru 28th, online and in Holabird’s gallery located at 3555 Airway Drive (Suite 308) in Reno.

Start times all five days will be 8 am PST. An office preview will be held Wednesday, Jan. 23rd, from 9-5 (or by appointment). For those unable to attend the sale in person, online bidding will be facilitated by iCollector.com and Invaluable.com. “This is the third sale in what has been an exciting fall and winter season,” said Fred Holabird of Holabird Western Americana Collections.

Day 1, on Thursday, January 24th, will kick off with nearly 100 lots of antique bottles, many of them from the Geoff Pollock Collection, gathered throughout Utah. Offered will be whiskeys, medicines, poisons, cures, beers and more. Specialty lots like the three gorgeous Boca, California beers will supplement the category. Bidders looking to diversify their collections will be pleased.

The numismatics section – more than 200 lots – will feature token dies, tokens, medals, coins and currency, checks, books, ingots, so-called dollars and selections from the Medallic Arts / Northwest Territorial Mint liquidation, led by a display board containing a near-complete set (72 of 80 medals) of the first 40 issues of the Society of Medallists, 1930-1949 (est. $2,000-$4,000).

Other star lots on Day 1 promise to be a complete set of eleven five-ounce 999 silver medallions marking the 50th anniversary of the release of Walt Disney’s Snow White and the Seven Dwarfs, from 1987 (est. $1,700-$3,000); and an historic 500-troy ounce bullion scale made by Troemner out of Philadelphia for the U.S. Mint, with the original blue paint and base (est. $7,500-$10,000).

The session will also feature general Americana lots in various categories, to include American directories, 30 or more maps, history and reference books, badges, comic books, World’s Fair and Expos, political memorabilia, dolls, circus collectibles, breweriana, cigar and tobacco, Gold Rush items, jewelry and watches, postcards, toys, stereoviews, vintage apparel and Civil War.

Day 2, on Friday, January 25th, will start more Americana, including selections of non-mining and railroad stocks from the Ken Prag collection. Two significant archives will be sold: the Edison-Swan incandescent light patent archive from England and the Van Camp Hardware (Indiana) archive of about 3,500 pieces. Also sold will be railroadiana and rare western rails.

The Edison-Swan patent archive (circa 1880-1883) pertains to one of the most important modern inventions: incandescent lighting. The archive consists of original British patents issued to men working for Thomas Edison or Joseph Swan as part of the Edison-Swan Company at the onset of the invention and manufacture of incandescent lighting. It has an estimate of $10,000-$20,000.

Day 2 will also feature a stock certificate in the amount of 75 shares for the Eureka & Colorado River Rail Road Company (Nev.), issued to a Hiram Johnson, dated May 17, 1882, with a nice train vignette (est. $500-$1,000); and a group of photos showing a family climbing Cave Rock in the Glenbrook area of Lake Tahoe and engaging in other leisure activities (est. $900-$2,000).

Day 3, Saturday, January 26th, will see a continuation of Americana across the board, but with an emphasis on all aspects of mining. Most mine ore specimens are from Utah. Also sold will be high-grade specimens from the Geoff Pollock collection, as well as artifacts, old mine lighting, explosives and mining stocks, plus more of the Prag Silver Mountain (Aurora, Nev.) collection.

Additional mining lots will feature art, assay, bonds, books, hats, ingots, jewelry, fobs, maps, photos and postcards. Day 3 will also include transportation, Wells Fargo/Express, postal history items, military collectibles and more. One of the more intriguing lots is a baby stingray fossil, probably from the Green River formation, 6.5 inches by 4 inches and framed (est. $700-$2,000).

Day 3 also features a Becker fine balance scale, a rare, two-drawer showpiece that was either a lab or gold scale, made circa 1895-1915 (est. $3,000-$5,000). Christian Becker was one of ten balance manufacturers to begin making assay balances in the U.S. The Becker companies (N.Y.) also contributed to the development of analytical balance, bullion balance and specialty scales.

Day 4, Sunday, January 27th, will contain more mining collectibles, mostly from the Ken Prag collection, plus additional mining ephemera and stocks, both domestic and foreign. But the day will also feature original art (to include sculptures), Native American art and objects, cowboy collectibles, firearms, gaming and saloon. In total, 685 lots will cross the auction block on Day 4.

A Day 4 lot worth mentioning is a rare Yuba County (Calif) “Gold Lands” title, stating that 640 acres of “gold lands” were sold to a company in London, England for $200,000, in 1858. The deed is from John A. Sutter (of Sutter’s Fort fame) to Sylvester Patrick and others, with the grant then going to Edward Lee Hooff, who then assigned it to a Dr. A. Campbell (est. $1,000-$3,000).

Day 5, on Monday, January 28th, marks the expansion of the Bargain/Dealer Section that was started by Holabird over a year ago and became quite popular. The section contains over 1,300 lots, with many rarities. “We lowered the boom on prices,” Fred Holabird said, “reducing our normal pricing by up to half. We decided to put it in the catalog before lots hit the podium.”

An interesting Day 5 lot is the original book of stock certificates for the Porter Gold & Silver Mining Company of Butte County, Calif. The book contains about 230 issued pieces and around 250-300 unissued certificates, all showing vignettes of the mine. Lithography was performed by Drouaillet of San Francisco. The book binding shows wear and the estimate is $1,500-$4,000.

In addition to in-person and online bidding, telephone and absentee bids will also be accepted.

Color catalogs are available by calling 1-844-492-2766, or 775-851-1859. Also, anyone owning a collection that might fit into an upcoming Holabird Western Americana Collections auction is encouraged to get in touch. The firm travels extensively throughout the U.S., to see and pick up collections. Last year it visited Boston, Florida, Seattle and New York, among other destinations.

Holabird Western Americana is always seeking quality bottle, advertising, Americana and coin consignments for future auctions. To consign a single piece or a collection, you may call Fred Holabird at 775-851-1859 or 844-492-2766; or, you can e-mail him at fredholabird@gmail.com. To learn more about Holabird Western Americana's Jan. 24th-28th auction, visit www.fhwac.com.

# # # #

Fred Holabird
Holabird Western Americana, LLC
+1 775-851-1859
email us here


Source: EIN Presswire

Safer Mining Practices Reduce Hazardous Exposures in Small-scale Mining in Nigeria

Visible dust from ore crushing machines prior to intervention…Photo Credit by OK International

Post intervention wet spray misting…Photo Credit by OK International

Safer mining project reduces toxic lead exposures among artisanal small-scale miners in Niger State.

This effort was an extraordinary success in reducing these significant health risks and protecting children from lead poisoning.”

— Dr. Adolphe Fotso, Medical Coordinator, Medecins Sans Frontieres, Nigeria.

ABUJA, FEDERAL CAPITAL TERRITORY, NIGERIA, January 11, 2019 /EINPresswire.com/ — Abuja, January 11, 2019 – A pilot program to reduce lead poisoning in Nigerian gold mining communities has brought extraordinary improvements to an area where hundreds of children had died from lead poisoning according to a study published today. The study authors concluded that a two-year effort to introduce safer mining practices was effective at preventing deaths and reducing lead poisoning in highly exposed villages.

“Our pilot project demonstrated that low-cost dust control measures were effective at reducing average airborne lead exposures by 95 per cent,” said Perry Gottesfeld, Executive Director of Occupational Knowledge International (OK International) whose organization partnered with Doctors Without Borders/ Médecins Sans Frontières (MSF) in this effort.

The safer mining project took place in the Shakira community in Niger State where high levels of lead are naturally present in the gold ore. The primary objective was to reduce lead exposures among artisanal small-scale miners and minimize take-home exposures.

“We worked cooperatively with miners to provide them with the information and tools to reduce their exposures to lead and silica dust. Together we showed that these efforts minimized contamination and helped save lives.” Gottesfeld said.

The organization demonstrated the effectiveness of reducing airborne lead levels by working with miners to convert dry operations into wet methods. Water spray misting was proven to be highly effective while minimizing water consumption. In addition to significant reductions in the airborne lead, the authors reported that these control measures reduced the smaller respirable silica dust by 80%.

Philip Aruna, Head of Mission in Nigeria for Doctors Without Borders said: “OK International has exceeded expectations in bringing an entire community together to prevent severe lead poisoning and by demonstrating significant reductions in lead exposures among miners.”

Gottesfeld noted that “Following our extensive outreach and training, these miners were motivated to take measures to reduce hazardous lead exposures and invested their own time and money to implement these protective measures.”

The authors of the Study “Reducing Lead and Silica Dust Exposures in Small-Scale Mining in Northern Nigeria” published in Annals of Work Exposures and Health noted that average lead exposures among ore processors before the implementation of safer practices were 19 times greater than the U.S. Occupational Safety and Health Administration (OSHA) permissible limit for lead. (available online at https://doi.org/10.1093/annweh/wxy095)
In Nigeria and in most other African countries, there are no occupational limits for exposure for lead or silica dust.

Silica dust causes silicosis, lung cancer and is a significant risk factor for tuberculosis (TB). Lead causes severe neurological deficits and death among children in these communities, but even at low exposure levels is responsible for 674,000 deaths each year primarily due to cardiovascular disease.

There are an estimated 40 million informal small-scale miners working in at least 70 countries around the world. Although some programs have attempted to reduce mercury exposures in these communities, this is the first such intervention to demonstrate reductions in lead and silica dust exposures. The authors of the published article note that in mining communities lead and silica hazards pose a far greater risk to human health than the use of mercury.

Dr. Adolphe Fotso, Medical Coordinator for Nigeria with Doctors Without Borders, and an author on the paper said, “this effort was an extraordinary success in reducing these significant health risks and protecting children from lead poisoning.”

In addition to introducing wet methods, OK International focused on training miners to implement simple measures including handwashing, showering, setting up separate eating areas, and changing out of work clothing before going home at the end of the day. The study estimated that the overall cost for introducing these measures in this community was approximately $5,000 USD.

————————————————————————————————————————
About Occupational Knowledge International (OK International)
OK International is a U.S. based NGO that works to build capacity in developing countries to identify, monitor, and mitigate environmental and occupational exposures to hazardous materials in order to protect public health and the environment. The organization seeks to address inequities in environmental standards between developed and developing countries. For more information: www.okinternational.org.

KAYODE EGBELEYE
Medecins Sans Frontieres
+234 7085344328
email us here


Source: EIN Presswire

SOUTHERN PINES, NORTH CAROLINA, REALTOR® RICH CUMMINGS EARNS HIS MILITARY RELOCATION PROFESSIONAL (MRP) CERTIFICATION

They brought a helicopter overhead, using an anchor to unfold the seats, known as ‘Tree Penetration’ and it looks like a big lead teardrop. This was designed to penetrate the forests of Vietnam.”

— Rich Cummings

SOUTHERN PINES, NORTH CAROLINA, USA, January 9, 2019 /EINPresswire.com/ — Richard “Rich” Cummings is a respected, admired, honored and appreciated Real Estate Agent with Towering Pines Real Estate in Southern Pines, North Carolina. He is a Veteran of the United States Air Force and served as a Jet Pilot. Rich was born in Yonkers, New York, and grew up in Downers Grove, Illinois. He graduated from Southern Illinois University, majoring in Industrial Technology and Aviation Technology and acquired two separate licenses; the Air Frame and Power-plant (A&P) licenses for Jet Engines. He worked as an electrician’s apprentice and took private Pilot lessons while studying Aviation Mechanics.

Rich was in the AFROTC program and then enlisted in the Air Force as a 2nd Lieutenant. He says, “The Vietnam War was in full effect and my number came up. Growing up, my uncle flew a single-engine airplane and I loved it. I had a deep fascination with flying airplanes because of that experience." While in the ROTC, Rich was a cadet with the 205th Detachment. He trained at Laredo Air Force Base in Texas where he was assigned to a 38-student pilot training school. He learned basic flying and flew Jet T-37 while learning the aircraft systems, hydraulics, electronics, and engine avionics. He flew in a two-seater side by side with the instructor and learned how to take off, soar and land. He then went on to the High-Speed Supersonic and Tran-sonic T-38 Jets, learning formation flying with two planes that overlapped wings 2 feet apart traveling at the Speed of Sound.

Rich graduated in July 1973, and his first assignment was at Little Rock Arkansas Air Force Base on the C- 130 where he was a Pilot, Co-Pilot, Flight Engineer, Navigator, Load-master and Crew Chief. His first assignment was at the Korat Royal Thai Air Force Base, is a base of the Royal Thai Air Force (RTAF) in northeast Thailand, approximately 250 km (157 mi) northeast of Bangkok. Prior to that, Rich went to First Survival Training in Homestead, Florida, where he learned to survive in the ocean. He says, “In WWII, Pilots were afraid to bail out of the aircraft, so our mission was to take the fear out of the unknown. We bobbed around in the ocean for over 8 hours before being rescued. They brought a helicopter overhead, using an anchor to unfold the seats, known as ‘Tree Penetration’ and it looks like a big lead teardrop. We strapped in and were pulled up out of the water. This was designed to penetrate the forests of Vietnam.” Rich also went to Fairchild Air Force Base in Spokane, Washington, to learn basic survival in the woods, including eating bugs, starting fires and building shelters to stay away from the enemy. Then onto Clark Air Force Base in the Philippines to learn Jungle Survival. Once finished with that duty, he married his high school sweetheart, Peggy.

While stationed at Korat Royal Thai Air Force Base, Rich was assigned to Unit ADCCC – Airborne Command Control Center – where he was the Pilot who flew the “Intel” on board to monitor ground traffic on the Ho Chi Minh Trail, which was a Military supply route running from North Vietnam through Laos and Cambodia to South Vietnam. The route sent weapons, manpower, ammunition, and other supplies from Communist-led North Vietnam to their supporters in South Vietnam during the Vietnam War. He also flew the “Intel” over the Kong River in Cambodia and Thailand. There were two squads who led this Operation; 1) The Cricket Squad and 2) The Moonbeam Squad, which was Rich’s squad. One for the day, one for the night. In 1973 the entire Unit was relocated to the Philippines where Rich completed his Remote Tour. He was reassigned to Little Rock Air Force Base on the 62nd Tactical Airlift Squadron where he received his Aircraft Commander Rating for Pilots. He was then stationed in Decatur, Illinois, with the International Guard – 47th Aviation Branch where he flew Helicopters for the Army Unit.

Rich then decided to go into Administration and worked with the 183rd Tactical Group. He got an Honorable Discharge then reenlisted and transferred to New London, North Carolina, with the 235th ATC 5 Civilian Airfield where he worked in Communications, Radio Transmissions, and Radar Electronics. In 2002, he retired from the National Guard and reenlisted again with the Air Force Reserves in the 916 Civil Engineer Squadron at Seymour-Johnson Air Force Base. In 2008, Rich officially retired from his Military career.

While in Little Rock, Arkansas, as a civilian, Rich had worked as an Inspector for Caterpillar Tractors so, upon retirement from the Air Force, he went back to work for Caterpillar in North Carolina as an Industrial Engineer.

Because of having traveled all around the world, buying and selling homes, Rich became interested in Real Estate and decided to become a Real Estate agent. He says, “Having a home is the most important thing in life. It’s your sanctuary. I wanted to be able to provide people with the best quality of service when they are looking to buy a home. Southern Pines is a beautiful place to live. The people are warm and friendly. We have the Weymouth Center for the Arts & Humanities, Reservoir Park, Southern Pines Brewing Company, Sandhills Horticultural Gardens, The Creation Museum, and great Golf Courses, including Pine Needles Lodge and Golf Club, Southern Pines Golf Club, and Talamore Golf Course. I am honored to be the Realtor of choice for those who want to buy a home in our beautiful community”

For more information about “Military-Friendly” Real Estate Agent Richard Cummings, please visit these important websites.

https://www.toweringpinesrealestate.com/rich-cummings

https://www.realtor.com/realestateagents/rich-cummings_southern-pines_nc_3434906_308594624

https://www.homeownergurus.com/listings-search/#/2033763787

Media Contact
Rich Cummings
Towering Pines Real Estate
(919) 444-4382
Rich@toweringpinesrealestate.com

Rich Cummings
Towering Pines Real Estate
+1 919-444-4382
email us here
Visit us on social media:
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Twitter
LinkedIn


Source: EIN Presswire

Nexus Gold Recovers High-Grade Samples at New Dakouli 2 Project, Burkina Faso, West Africa

Figure 1 Visible gold in quartz sample recovered at the Dakouli 2 concession, November 2018

Figure 2 Close up of coarse gold nugget in quartz recovered at the Dakouli 2 concession, November 2018

Figure 3 Nexus project locations with known faults in red

Visible gold and coarse, nuggety samples recovered from new zone; select sample highlights include 29.5 and 27.5 grams-per-tonne gold

Nexus Gold Corp (OTCQB:NXXGF)

VANCOUVER, BC, CANADA, January 8, 2019 /EINPresswire.com/ — Vancouver, Canada – January 08, 2019 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report initial sampling results from the recently acquired, 100% -owned, 98-sq km Dakouli 2 Gold Project, located on the Boromo-Goren Greenstone Belt, central Burkina Faso, West Africa.

Ground reconnaissance conducted recently by the Company to the west and south of the main orpaillage (artisanal zone) identified new near surface workings currently being exploited by artisanal miners. Rock samples collected from these new zones have returned assays up to 29.5 grams-per-tonne (“g/t”) gold (“Au”) with several containing various concentrations of visible gold, including coarse nuggety samples (see Figures 1 and 2).

A total of 12 samples were taken from the Northeast Zone. Six of the 12 returned significant grades, with values between 2.90 g/t Au and 29.5 g/t Au (see below), including 27.5 g/t Au and 12.4 g/t Au from samples containing visible gold. The remaining six samples returned values from 0.005 to .192 g/t Au. Samples taken at the Northeast Zone were obtained between 8-18 meters below surface from artisanal shafts and pits.

In addition to the higher-grade rock samples, Company geologists have viewed the panned concentrates of these near surface materials being processed by the artisanal miners and noted that the gold being recovered was also coarse and nuggety in nature.

“The size of the workings and the coarse nature of the gold we have seen from the property so far makes this a very exciting prospect,” said Vice President of Exploration, Warren Robb, P.Geo. “These orpaillages were first identified only a year ago and have now expanded to two areas of workings, given the coarse visible gold observed here it is not surprising,” continued Mr. Robb.

“The initial results from our early exploration activity at Dakouli are very encouraging,” said Alex Klenman, president & CEO. “We have already identified multiple zones of mineralization and have recovered some significant high-grade samples. The abundance of visible gold observed and recovered is certainly compelling. We will continue to conduct ground work in the near term and gather needed data as we move towards a maiden drill program in the coming months,” continued Mr. Klenman.

Samples grading greater than 1 gram-per-tonne gold Au include: DKL-001 – 3.15 g/t Au; DKKL-004 – 27.5 g/t Au; DKL-009 – 2.9 g/t Au; DKL-010 – 4.93 g/t Au; DKL-011 – 29.5 g/t Au; and DKL-012 – 12.4 g/t Au.

The Dakouli 2 exploration permit is located approximately 100 kilometers due north of the capital city Ouagadougou. The permit lies immediately south of and contiguous to the Niangouela concession, which has been explored by the Company over the past two years. Drilling at Niangouela has returned significant intercepts, including 26.69 g/t Au over 4.85m, including 132 g/t Au over 1m, and 4 g/t Au over 6m, including 20.5 g/t Au over 1m (see the Company news releases dated March 7, 2017 and April 5, 2017).

The Dakouli 2 property is located on the Boromo-Goren Greenstone belt and is bordered to the north by granitic rocks. It is also bisected by the Sabce Shear, a major structural fault zone proximal to multiple gold deposits, which trends southwest northeast and bisects the entire long axis of the property.

The Sabce Nord trend starts east of the open pits at Nordgold’s Bissa mine and continues through the new orpaillage located at the northeast corner of the Dakouli 2 permit, and the southeastern corner of the Niangouela permit (see Figure 4). It proceeds to the Boken Vein Orpaillage on the western boundary of Dakouli 2 extending approximately 12 kilometers across the Dakouli 2 property.

The Sabce Sud trend appears to span approximately four kilometers across the southern section of Dakouli 2, and includes the Black Vein Orpaillage, a series of deep shafts that trend sub parallel to the Sabce Sud trend. The Black Vein Orpaillage features abundant black quartz vein, similar to what is found at Nordgold’s satellite pit located approximately 20km to the east.

Please note the size of the Dakouli 2 concession was incorrectly stated in previous news releases, the correct size is 98-square kilometres.

About the Company

Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of it’s four current Burkina-based projects which total over 560-sq kms (56,000+ hectares) of land located on proven gold belts and active mineralized trends.

Warren Robb P.Geo., Vice-President, Exploration, 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.

Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
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.

Alex Klenman
Nexus Gold Corp
+1 604-558-1919
email us here
Visit us on social media:
Twitter
LinkedIn

Nexus Gold – Developing Gold Projects in Burkina Faso, West Africa


Source: EIN Presswire

Haven Inc. Announces Mitch Kristofferson as Managing Director to Lead Presence in Japan

Mitch Kristofferson

Mitch Kristofferson

Haven is changing the global economy -and it starts with shipping

Haven is changing the global economy -and it starts with shipping

Haven Inc. to expand global footprint in the world’s third-largest economy.

Haven addresses some of the most important challenges that large Japanese shippers face today when optimizing their global supply chain”

— Mitch Kristofferson

SAN FRANCISCO, CALIFORNIA, UNITED STATES, January 8, 2019 /EINPresswire.com/ — Haven Inc. considered one of the pioneers of the digital revolution in shipping logistics, announces the appointment of Mitch Kristofferson as Managing Director Japan to solidify Haven’s commitment to the Japanese market.

Based in Tokyo, Mr. Kristofferson has had successful tenures at Oracle, DemandTec, SAP and most recently Apttus where he established and led Apttus’ business in the Japan market. He will oversee the growth and evolution of Haven throughout Japan while being responsible for driving strategy, brand awareness, sales execution, partner alliances, and customer success. “Haven addresses some of the most important challenges that large Japanese shippers face today when optimizing their global supply chain,” said Mr. Kristofferson. “The visibility that Haven offers its customers and partners is fundamental to logistics and supply chain transformation. I’m thrilled to join the company to help deepen its presence in Japan.”

“Haven continues to work with integrated trading companies to solve their most critical supply chain issues through automation and visibility,” said Mr. Tillman, Haven’s CEO. “The appointment of Mr. Kristofferson to Managing Director reaffirms our commitment to existing customers in the region. We’re thrilled to add Mitch and his track record of working with Japanese trading firms to increase efficiency through technology.”

Mitch received a BA Degree in Human Biology from Stanford University and an MBA degree with a focus on marketing also from Stanford University.

About Haven Inc.

Haven was founded in 2014 to responsibly expand global trade through digital transformation. We help enterprises automate logistics, collaborate with partners, and gain valuable insights into their supply chain. If you share our vision and seek to make a material impact on trade, or if you manage a complex supply chain, get in touch with us. https://www.haveninc.com.

Joseph DeMers
Haven Inc.
+1 888-838-3868
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn


Source: EIN Presswire

EZPack Water Ltd. initiates Israel’s first Security Token Offering (STO)

EZPack Water Ltd. an Israeli manufacturer of water storage and distribution systems, has adopted InPortal’s INPR digital security token protocol.

HARTFORD, CONNECTICUT, ISRAEL, January 8, 2019 /EINPresswire.com/ — EZPack Water Ltd. initiates Israel’s first Security Token Offering (STO)
EZPack Water Inc., an Israeli manufacturer of water storage and distribution systems, has adopted InPortal’s INPR digital security token protocol as part of its stacked capital structure. New investors and Convertible Note holders into the Series A round have the option to hold Common Shares of the Company either as on-chain digital securities, EZPack Tokens, or Common Share Certificates.
“With our focus on creating a global buildout for our water storage and distribution systems, adopting a digital security capital structure will provide our shareholders with transparency on share pricing and valuation as well as facilitate a broader use of blockchain technologies for many other applications for EZPack. We are excited about the enhanced marketability for our shares and proud to be the first Israeli company to issue digital securities.” Alex Havel, CEO and Founder, EZPack Water.
“EZPack Water’s issuance of programmable digital equity shares through, will provide investors with the security and liquidity associated with on-chain transactions. We expect that this form of equity will soon become the norm for private company funding.” Stephen Inglis, CEO, InPortal.
EZPack’s ongoing expansion is being funded through a Convertible Note ahead of a Series A offering and the issuance of an EZPack Water Token, an on-chain security issued in the United States through the Securities and Exchange Commission’s (SEC) Regulation D 506 (c) exemption to accredited investors. The EZPack Water Token is imbedded with smart contracts to provide corporate governance functions, including investor distributions, corporate news, basis for accreditation, and can trade on a variety of secondary market platforms.
About EZPack Water
EZPack Water Ltd., is a private Israeli company manufacturing and marketing proprietary solutions for water storage, distribution and mobility. The company products are aimed to markets such as emergency, disaster relief, construction, the mining industry, agriculture, military, and a myriad of other applications.
For more information about EZPack Water visit: http://www.ezpackwater.com/
On LinkedIn https://www.linkedin.com/company/ezpack-water-ltd-/about/

About Inportal
InPortal is a Puerto Rico based private market, and compliant provider for Security Token Offerings through a transaction venue for both domestic and international companies to connect with investors across all asset classes and geographies through a secure data room, and smart contract settlement.
Issuers post on a public site http://inportalusa.com/ezpack
On LinkedIn https://www.linkedin.com/company/indigo-nexus-llc/

Alex Harel
EZPack Water Ltd.
+1 646-641-4747
email us here
Visit us on social media:
LinkedIn


Source: EIN Presswire

Granite Creek Copper Granted Conditional Acceptance for $1.8M Financing, Project Acquisition, New Director, TSX-V Uplist

Stu Copper Project – Yukon, Canada

Granite Creek Copper Receives Conditional Acceptance for $1,800,000 Equity Financing, New Copper Project Acquisition, Director Appointment, & TSX-V Reactivation

VANCOUVER, BC, CANADA, January 7, 2019 /EINPresswire.com/ — Granite Creek Copper Ltd. (TSX.V: GCX) (“Granite Creek” or the “Company”) is pleased to announce that it has received conditional TSX Venture Exchange (“TSXV”) acceptance for its previously announced corporate transactions consisting of a graduation to the TSXV, non-brokered private placement of up to $1,800,000, and the acquisition of the Stu Copper Project in Canada’s Yukon Territory. Completion of the transactions is expected to occur in, or about, mid-January, subject to Granite Creek fulfilling the TSXV’s customary closing conditions.

The Company also announces the appointment of Mr. John Cumming to its Board of Directors, effective January 4, 2018. Mr. Cumming, a corporate, securities and mining lawyer and businessman, has been active in the Canadian securities markets and resource exploration sector for 40 years. He was the Senior Securities and Mining Law Partner at a mid-sized Vancouver law firm until 1992, and was a founding shareholder of St. Philips Resources Inc. which, in joint venture with the Hunter Dickinson Group, discovered the Kemess Gold Copper Mine. Both joint venture companies were sold in 1996 in a $200 million take-over bid, and the Kemess Mine subsequently became the principal asset of Northgate Minerals Corporation. From 2005 to 2017 Mr. Cumming was Vice President and CFO of Merrex Gold Inc. during which tenure he was lead negotiator successfully concluding the earn-in option and joint venture deal with IAMGOLD Corporation on Merrex’s Siribaya gold project in Mali. The joint venture exploration team found the Diakha gold deposit at Siribaya and, in 2017, Mr. Cumming led the negotiations which culminated in the sale of Merrex to IAMGOLD.

"We are very pleased to achieve these key milestones”, commented Timothy Johnson, President and CEO, “and I encourage shareholders and interested investors to watch Granite Creek’s progress as we build a leading brownfields exploration company in the Yukon’s high-grade Carmacks Copper District. The addition of John Cumming to our Board adds significant additional depth of experience and demonstrable expertise to the Granite Creek team. We look forward to providing further updates in the coming weeks.”

FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

Neither the 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.

Christopher Ackerman
Granite Creek Copper
+1 604-629-7800
email us here


Source: EIN Presswire

Amerigo’s MVC Phase Two Expansion Meets Completion Criteria

Amerigo Resources Ltd. (TSX:ARG)

VANCOUVER, BRITISH COLUMBIA, CANADA, January 3, 2019 /EINPresswire.com/ — January 3, 2019
N.R. 2019-01

Amerigo’s MVC Phase Two Expansion Meets Completion Criteria

Vancouver, British Columbia – January 3, 2019/CNW/ – Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) is pleased to announce that Minera Valle Central (“MVC”), the Company’s 100% owned operation located near Rancagua, Chile, has successfully met the completion tests set out in the $35.3 million finance agreement under which the expansion project was financed by Scotiabank Chile and Export Development Canada.

The Cauquenes Phase Two project completion tests included production, costs, commercial, environmental compliance and mechanical completion targets over a sixty-day period. The project’s $1.5 million concentrate regrind mill was removed from the Phase Two completion timeline and is expected to be installed in Q2 2019.

On December 6, 2018, Chile’s President Sebastián Piñera visited MVC to attend a ceremony celebrating the start up of the new process plant. President Piñera highlighted the innovative work carried out by MVC in the treatment of waste material from mining operations. “This new project means not only a leap into the future, but also a very important investment”, said the President at the ceremony, in which he was accompanied by Chile’s Minister of Mining, Baldo Prokurica. "It brings value and quality of life to the inhabitants of the O'Higgins Region”, Mr. Piñera added. The official press release from the President’s Office can be found at https://prensa.presidencia.cl/fotonoticia.aspx?id=88172

Rob Henderson, Amerigo’s President and CEO, stated “We are very pleased that President Piñera has recognised MVC’s significant contribution to the Chilean economy. We have successfully completed the work to develop the historic Cauquenes tailings deposit and this investment will enable MVC to produce substantially more copper at lower cash costs. In 2019, MVC expects to produce 80 to 85 million pounds of copper and 2.5 million pounds of molybdenum at a cash cost of $1.30 to 1.45/lb Cu.”

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.

For further information, please contact:

• Rob Henderson, President and CEO (604) 697-6203
• Aurora Davidson, Executive Vice-President and CFO (604) 697-6207

Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information and statements as defined in applicable securities laws (collectively referred to as "forward-looking statements"). These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such statements. These forward-looking statements include but are not limited to, statements concerning:

• a forecasted increase in production and a reduction in operating costs;
• our strategies and objectives;
• our estimates of the availability and quantity of tailings, and the quality of our mine plan estimates;
• prices and price volatility for copper and other commodities and of materials we use in our operations;
• the demand for and supply of copper and other commodities and materials that we produce, sell and use;
• sensitivity of our financial results and share price to changes in commodity prices;
• our financial resources and our expected ability to meet our obligations for the next 12 months;
• interest and other expenses;
• domestic and foreign laws affecting our operations;
• our tax position and the tax rates applicable to us;
• the timing and costs of construction and tolling/production of, and the issuance and maintenance of the necessary permits and other authorizations required for, our expansion projects, including the expansion for the Cauquenes deposit and the timing of ramp-up to full production from Cauquenes;
• our ability to procure or have access to financing and to comply with our loan covenants;
• the production capacity of our operations, our planned production levels and future production;
• potential impact of production and transportation disruptions;
• hazards inherent in the mining industry causing personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties and suspension of operations
• our planned capital expenditures (including our plan to upgrade our existing plant and operations) including the timing and cost of completion of our capital projects;
• estimates of asset retirement obligations and other costs related to environmental protection;
• our future capital and production costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations in the operation and closure of our operations;
• repudiation, nullification, modification or renegotiation of contracts;
• our financial and operating objectives;
• our environmental, health and safety initiatives;
• the outcome of legal proceedings and other disputes in which we may be involved;
• the outcome of negotiations concerning metal sales, treatment charges and royalties;
• disruptions to the Company's information technology systems, including those related to cybersecurity;
• our dividend policy; and
• general business and economic conditions.

Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and availability of skilled labour and management; fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from Codelco’s Division El Teniente’s current production and historic tailings from tailings deposit; risks with respect to completion of all phases of the Cauquenes expansion, the ability of the Company to draw down funds from bank facilities and lines of credit, the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions, including all phases of the Cauquenes expansion; mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; title risks; social and political risks
associated with operations in foreign countries; risks of changes in laws affecting our operations or their interpretation, including foreign exchange controls; and risks associated with tax reassessments and legal proceedings. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials the Company processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about:

• general business and economic conditions;
• interest rates;
• changes in commodity and power prices;
• acts of foreign governments and the outcome of legal proceedings;
• the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations;
• the ongoing supply of material for processing from Codelco’s current mining operations;
• the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit;
• the timing of the receipt of and retention of permits and other regulatory and governmental approvals;
• the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions, Including all phases of the Cauquenes expansion;
• the ability of the Company to draw down funds from bank facilities and lines of credit;
• our costs of production and our production and productivity levels, as well as those of our competitors;
• changes in credit market conditions and conditions in financial markets generally;
• our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis;
• the availability of qualified employees and contractors for our operations;
• our ability to attract and retain skilled staff;
• the satisfactory negotiation of collective agreements with unionized employees;
• the impact of changes in foreign exchange rates and capital repatriation on our costs and results;
• engineering and construction timetables and capital costs for our expansion projects;
• costs of closure of various operations;
• market competition;
• the accuracy of our preliminary economic assessment (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based;
• tax benefits and tax rates;
• the outcome of our copper concentrate sales and treatment and refining charge negotiations;
• the resolution of environmental and other proceedings or disputes;
• the future supply of reasonably priced power;
• our ability to obtain, comply with and renew permits and licenses in a timely manner; and
• our ongoing relations with our employees and entities with which we do business.

Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

Rob Henderson
Amerigo Resources Ltd.
604-697-6203
email us here


Source: EIN Presswire