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NXS - Nexus Gold Corp (TSX.V)

Discussion in 'International Markets' started by Userman, Aug 1, 2016.

  1. Userman

    Userman Well-Known Member

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    Nexus Gold to Complete Initial Work Program at Bouboulou Concession, Burkina Faso

    Vancouver, BC / TheNewswire / July 28, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS) is pleased to announce that it intends to complete an initial work program at the Bouboulou Gold Concession ("Bouboulou" or the "Property"), located in Burkina Faso, West Africa.

    Preliminary work on the Property will consist of reviewing legacy data, data compilation, geological mapping, drill hole mapping and selection, rock and core geochemical re-sampling, ground confirmation, and sourcing of drill operator, equipment and crew. Diamond drilling is anticipated in early fall, after the completion of the rainy season in Burkina Faso. The work program will be overseen by Warren Robb, P.Geo.

    Bouboulou covers an area of 38.3 square kilometers and is located approximately 100 kilometers north by northwest of the capital city of Ouagadougou. Exploration on the Property has been conducted by Boliden (1997 - 1999), Riverstone Resources (2005- 2011) and Roxgold Inc. (2011 to 2012). Past exploration has consisted of rotary air blast drilling, trenching, geological mapping, airborne EM and magnetometer and radiometrics, reverse circulation and diamond drilling.

    Highlights of the previous exploration programs includes surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property termed Koala, Rawema, Bouboulou 2 and Pelgtanga.


    About Burkina Faso

    Burkina Faso is a landlocked nation located in West Africa between Ghana and Mali, the second and third largest gold producing countries on the continent. It is underlain by rocks of the same age and history as its neighbors but it is still relatively under-explored compared to its neighbors. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country is pro-mining and has a favorable foreign investment stance.

    The country is the fastest growing gold producer in Africa. It is ranked 4th in the continent and 23rd worldwide in Current Mineral Potential Index in the "Survey of Mining Companies 2014" conducted by The Fraser Institute of Canada. Since 2013, there are seven gold mines in production. Other mining resources include manganese, bauxite, copper, nickel, lead, zinc, and limestone/marble.

    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. Some of the world's most productive mines are located in West African greenstone belts. These belts cover approximately 3, 000, 000 km?, making the area's exploration potential enormous. Burkina Faso currently accounts for 21% of West Africa's greenstone belt exposure. 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 mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The Company is currently concentrating its efforts on the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA and the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa.

    For more information on these projects, please visit the Company website at www.nexusgoldcorp.com.
     
  2. peter2

    peter2 Well-Known Member

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    Purely speculative (gamble). The price of gold has rallied quite well while this stock has fallen.

    NSX.V.PNG
     
  3. Userman

    Userman Well-Known Member

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    Nexus Gold - NXS.V - Burkina Faso Gold

    Nexus Gold Corp. - NXS.V entered into a definitive agreement to earn up to a 100% interest in a gold project in Burkina Faso, West Africa.

    The 38.3 square kilometre Bouboulou Concession is located approximately 100 kilometres north/northwest of Ouagadougou, the capital city of Burkina Faso.

    The property is situated at the north end of the Boromo greenstone belt, which hosts numerous artisanal gold zones over its 120 kilometre length, plus the Bissa Mine operated by Norgold.

    The property has been worked on by Boliden, Riverstone Resources and Roxgold between 1997 and 2012. Exploration included Rotary Air Blast Drilling, trenching, geological mapping, Airborne EM, along with reverse circulation and diamond drilling. Highlights of the previous exploration programs include surface rock sampling and trenching returning gold grades from 1.09 to 19.16 grams per tonne, with 4 zones of gold mineralization already identified on the property.

    These results verify that zones of potentially economic gold mineralization exist on the property. The goal of the 2016 exploration program is to establish continuity of these zones and to extend them.

    The initial program will consist of 2000 meters of diamond drilling to a maximum depth of 200 meters.

    Nexus Gold Director, Mr. Warren Robb, P.Geo, was Chief Geologist for Roxgold in 2012, where he wrote the 43-101 on the property.

    Mr. Robb P Geo. will plan and implement the Nexus Gold drill program at Bouboulou, Burkina Faso.

    www.nexusgoldcorp.com


    ------------------------------------------------------------------------------------------------------------------------

    Endeavour Mining (EDV.T) bought out True Gold (TGM.V ) in spring of 2016.

    True Gold owned the Karma Mine in Burkina Faso.

    Endveavor has commenced construction on their new Burkina Faso gold mine the Hounde Project which is forecasted to produce about 1.9 million ounces of gold over a 10-year mine life.

    Modern mineral exploration started just 15 years ago and has made Burkina Faso one of the fastest rising gold producing countries in the world. They are currently the fifth largest African gold producer and in 2014, The Fraser Institute placed Burkina Faso fourth in sub-Saharan Africa for mineral potential and sixth for mining investment.

    Since 2007, nine gold mines have been fully permitted and put into production while more than 20% of Burkina’s GDP comes from the mining industry of this tiny mineral rich nation. The country also has a low 20% corporate tax rate for mining companies and the government is entitled to a 10% free carried interest and a very competitive 3-5% sliding royalty on gold production.
     
  4. Userman

    Userman Well-Known Member

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    Good points .. on the flip side it could be a an opportunity .....
     
  5. Userman

    Userman Well-Known Member

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    News - Nexus Gold Corp (NXS -TSX.V)

    NEXUS GOLD CLOSES $1.25 MILLION PRIVATE PLACEMENT



    Nexus Gold Corp. has completed a non-brokered private placement of 25.1 million units in the capital of the company at a price of five cents per unit for gross proceeds of $1,255,000.

    Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 7.5 cents for a period of 24 months.

    "With a well-received private placement consisting of many sophisticated investors, our treasury is now strong. Our focus moving forward will be accelerating and expanding a fully funded phase one work program at Bouboulou and executing its objectives," commented Peter Berdusco, president and chief executive officer of the company.

    In connection with completion of the offering, the company has paid $20,240 and issued 967,000 common shares and 638,300 warrants to certain finders who introduced subscribers to the offering. All securities issued pursuant to the offering will be subject to a statutory four-month hold period.

    www.nexusgoldcorp.com
     
  6. Userman

    Userman Well-Known Member

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    News - NXS - Nexus Gold Corp (TSX.V)

    News Release

    Commences Exploration at Bouboulou Gold Project, Burkina Faso, West Africa

    September 8, 2016 / Nexus Gold Corp. (TSX-V: NXS) (NXXGF - OTC) announced that the Company has mobilized personnel to the project site and exploration activities have commenced at the Bouboulou Gold Concession in Burkina Faso, West Africa.

    Nexus Gold Director, Warren Robb, P.Geo, will plan and implement the fall exploration program at Bouboulou.
    Mr. Robb was Chief Geologist for Roxgold in 2012 where he wrote the 43-101 and oversaw drilling at the property (then called Bissa West).

    Immediate work includes reviewing legacy data, data compilation, geological mapping, drill hole mapping and selection, rock and core geochemical re-sampling, ground confirmation, and sourcing of drill operator, equipment and crew.

    In addition to the four known gold zones at Bouboulou, a new area of interest has been observed on the property.
    "The new area near Pelgtanga appears to be a deep structure, we're going to get a good look at, said Warren Robb, P.Geo.

    The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area.

    Previous drilling has identified multiple zones of gold mineralization on the property establishing both length (40m @ 1.5 g/t Au, 35 m @ 2.2 g/t Au, among others) and grade (2m @ 12.45 g/t Au, 4m @ 12.53 g/t Au, and .3m @ 81.32 g/t Au ).

    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 mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The Company is currently concentrating its efforts on the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa and the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA.

    For more information on these projects, please visit the company website at www.nexusgoldcorp.com
     
  7. Userman

    Userman Well-Known Member

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    Nexus Gold Corp News

    News Release


    NEXUS GOLD CONTRACTS FALCON DRILLING FOR UPCOMING WORK PROGRAM AT BOUBOULOU GOLD CONCESSION, BURKINA FASO


    Nexus Gold Corp. (NXS.V NXXGF ”“OTC)
    has contracted Falcon Drilling Burkina Faso SARL for the upcoming drill program at the Bouboulou gold concession, Burkina Faso, West Africa.

    Falcon has been previously contracted for its drilling services by other resources companies operating in Burkina Faso such as Roxgold Inc. and True Gold Mining. The company, therefore, has extensive experience drilling in the country and vast knowledge of the area.

    Nexus Gold director Warren Robb, PGeo, will plan and oversee a 2,000-metre phase one drill program at Bouboulou. Mr. Robb was chief geologist for Roxgold Inc. in 2012 where he conducted previous drill programs at the property (then called Bissa West).

    Bouboulou gold concession


    The Bouboulou gold concession is a near-surface, advanced-stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by Roxgold, Riverstone Resources and Boliden. To date, four zones of gold mineralization have been identified on the property.

    Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional rapid air blast drilling comprising 25,400 metres. Included in this total was infill drilling which defined a northeast-trending gold anomaly measuring 13 kilometres by two kilometres to six kilometres wide. The mineralization was described as disseminated sulphides in tuffs and dacites.

    New zone at Bouboulou

    As reported in the Sept. 8, 2016, Nexus Gold news release, a new area of interest has been observed on the property due to an increase in artisanal mining activity. Upon the initial property visit, the company geologist noted a large orpaillage (area worked by artisanal miners). The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics and meta-sediments with crosscutting quartz veins and stringers. The orpaillage extends for approximately 250 metres along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone. This same shear zone also hosts Norgold's Bissa Hills mine.
    Eight grab samples were taken from artisanal workings of the four known gold zones on the property in early September, 2016. As reported in the company news release of Sept. 27, 2016, six of the eight samples returned gold values, including 2.8 grams per tonne gold and 5.5 grams per tonne Au, respectively, at Bouboulou 2.

    Historical drill results


    Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 grams per tonne to 19.16 grams per tonne. Riverstone also completed an induced polarization geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The attached tables represent historical drill results as reported by Roxgold.

    SIGNIFICANT REVERSE CIRCULATION DRILLING RESULTS

    Hole Depth (m) From (m) To (m) Length (m) Au (g/t) Zone

    BBL-11-RC-003 103 24 34 10 1.10 Pelgtanga
    Includes 30 32 2 3.66
    BBL-11-RC-005 103 60 64 4 1.97 Bouboulou 2
    BBL-11-RC-006 115 70 110 40 1.548 Bouboulou2
    Includes 70 90 20 2.255
    and 100 110 10 1.422
    BBL-11-RC-012 120 100 108 8 1.21 Rawema
    BBL-11-RC-013 109 74 109 35 2.209 Rawema
    Includes 74 86 12 5.455
    BBL-11-RC-020 103 40 50 10 2.844 Koala
    Includes 42 44 2 12.450
    BBL-11-RC-021 130 6 8 2 3.94 Koala
    BBL-11-RC-022 133 44 48 4 1.63 Koala
    BBL-11-RC-024 193 38 44 6 1.95 Pelgtanga
    BBL-11-RC-027 120 90 114 24 1.36 Bouboulou2
    BBL-11-RC-042 114 52 54 2 3.80 Pelgtanga

    (1) The reported drill intercept lengths are not true widths.

    SIGNIFICANT DIAMOND DRILLING RESULTS

    Hole Depth (m) From (m) To (m) Length (m) Au (g/t) Zone

    BBL-11-DD-002 27 42 44 2 5.43 Rawema
    BBL-11-DD-003 42 56 58 2 5.33 Bouboulou 2
    Includes 78 82 4 12.53
    BBL-11-DD-005 79 74 80 6 4.62 Rawema
    Includes 77.7 78 0.3 81.32
    BBL-11-DD-008 198 125 127 2 2.55 Koala

    (1) The reported drill intercept lengths are not true widths.

    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 the company

    Nexus Gold is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The company is currently concentrating its efforts on the Bouboulou gold concession, an advanced exploration project located in Burkina Faso, West Africa, and the Walker Ridge gold project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon gold trend, Nevada, United States.
    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.

    http://www.nexusgoldcorp.com
     
  8. Userman

    Userman Well-Known Member

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  9. Userman

    Userman Well-Known Member

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    Nexus Gold Identifies Three New Distinct Anomalous Gold Trends at Bouboulou Extending 5000 Meters Each

    Vancouver, Canada / TheNewswire / October 27, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS / OTC: NXXGF) is pleased to report that it has completed its compilation of historic exploration data on the Bouboulou Gold Concession, Burkina Faso, West Africa.

    The compilation infills gaps in the exploration data that the Company had originally reviewed and displays three strong coincidental geochemical and geophysical anomalous gold trends. These new trends extend from the four drill-identified mineralized zones, namely Rawema, Peletanga, Bouboulou 2 and Koala.

    Each of the three trends extends in length for 5000 meters (5KM). They are identified by numerous orpaillages and geochemical samples of greater than 1 gram per tonne gold.

    The data used in the compilation includes airborne geophysics, rotary air blast drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages (zones of artisanal gold mining). The compiled data reviewed consists of over 7000 assays collected between 2011 and 2012.

    From north to south the three trends are termed the PR, KB and B2. The northern most PR trend includes the Pelatanga and Rawema drill-identified mineralized zones and trends north east. This trend extends off the property onto the adjacent Bouda property and the mining operations conducted there.

    The second KB trend is roughly parallel to the PR trend and extends from the Koala drill-identified mineralized zone north east below the Bouboulou 2 drill-identified mineralized zone.

    http://web.tmxmoney.com/article.php?newsid=6023986937392092&qm_symbol=NXS
     
  10. Userman

    Userman Well-Known Member

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    Nexus holds properties in two of the world’s prolific mining jurisdictions ”“ the first being Burkina Faso. The company successfully raised $1.25m earlier this year and is set to begin work programs. Nexus is well positioned heading into the first quarter of 2017.

    Dr. Kal Kotecha
    © 2010 Junior Gold Report


    http://juniorgoldreport.com/category/featured/
     
  11. Userman

    Userman Well-Known Member

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    NXS.V NXXGF Nexus Gold Corp

    2016-12-08 News Release Nexus Gold to start RAB drill program at Niangouela
    2016-12-06 News Release Nexus firms up deal to acquire Niangouela concession
    2016-11-22 News Release Nexus Gold to acquire Niangouela gold concession
    2016-11-17 News Release Nexus Gold lists on Frankfurt Stock Exchange

    www.nexusgoldcorp.com
     
  12. Userman

    Userman Well-Known Member

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    NEXUS GOLD COMPLETES RAB DRILLING AT NIANGOUELA GOLD CONCESSION, BURKINA FASO, WEST AFRICA

    Nexus Gold Corp. (NXS.V) has completed its previously announced RAB (rotary air blast) drilling program at the 178-square-kilometre Niangouela gold concession, Burkina Faso, West Africa.

    The RAB drill program consisted of 30 holes totaling 802 meters and was conducted in a grid pattern to test the orientation and extent of a previously identified primary quartz vein. Historical assays of 5.93 g/t Au, 4.83 g/t Au, and 4.12 g/t Au over sample lengths of 2.0 metres respectively have been returned from trenching over the vein. In addition recent rock samples taken from the dumps of local artisanal miners currently working the vein returned 2.49 g/t Au.

    The program was designed to test the top 30 meters of saprolitic rock. Samples were collected over three meter intervals and were shipped to Actlabs in Ouagadougou, Burkina Faso.

    "We are really pleased with the speed and efficiency of this RAB program. The material we observed from the drilling allows us to roughly trace the trend of this vein. Once we get the assays back we hoping to identify potential shoots of higher grade mineralization," states Senior Geologist Warren Robb, P.Geo.

    About the Niangouela Gold Concession


    The Niangouela concession is located on the Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession, and is proximal to the Kalsaka deposit and the Sabce shear zone. It is road accessible and has one major orpaillage (artisanal workings).

    To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1,137 samples have been collected. Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters.

    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, and the Niangouela gold concession, a 178-sq km project featuring numerous historical gold occurrences.

    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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