Pennybuster
3 years ago
$NXXGF $NXS.v Nice News Out PreMarket..
Nexus Gold to Conduct Reconnaissance Program at the Manzour-Dayere Gold Project, Burkina Faso, West Africa
Gold Burkina Faso
TSX VENTURE: NXS
http://www.nxs.gold
Mr. Alex Klenman reports:
Vancouver, Canada - TheNewswire - April 9, 2021 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to report that it has mobilized field crews to its 100% owned, 190.53 sq-km (19,053-hectare), Manzour-Dayere gold exploration permit located on the Boromo Greenstone belt, 325 km south west of the capital city of Ouagadougou, Burkina Faso, West Africa.
Field crews will be conducting a property-wide geological mapping, prospecting, and rock sampling program to aid in determining suitable areas for ground follow up, and for drill testing. Previous operators on the property identified nine structures through an airborne magnetics survey. These structures received little to no follow up work. The program will also look to expand the gold mineralization that has already been identified in the Northeast corner of the property and returned results of 9.60 grams-per-tonne (“g/t”) gold (“Au”), 7.07 g/t Au, 5.73 g/t Au, 3.84 g/t Au and 2.84 g/t Au (see Company news release dated February 27, 2020).
Recent historical exploration on the property conducted between 2011 and 2014 returned reported high-grade values of 132 g/t Au, 85.40 g/t Au, 61.20 g/t Au, and 27.9 g/t Au, from select grab samples of quartz veining at the main orpaillage in the extreme northeast corner of the property, while select grab samples of the sedimentary host rock returned values of 103 g/t Au and 21.40 g/t Au, respectively. The workings on the main orpaillage are extensive and extend to depths of 60 to 80 meters below surface.*
“Manzour is a project we’d like to develop in conjunction with Dakouli,” said President and CEO, Alex Klenman. “It’s a district scale land package, located in an area already rich in gold endowment. To date we’ve only conducted some limited field work in the extreme NE corner of the concession, in and around known artisanal activity. We’re going to get a comprehensive reconnaissance program done here in April so we can identify the areas for follow up and ultimately, drilling. We have a window before we’re back at Dakouli for a second round of drilling, so we feel now is a good time get the recon done and gather more valuable data on what we believe is an underexplored and highly prospective project,” continued Mr. Klenman.
The Manzour-Dayere Concession is located along the Boromo Greenstone belt, an early Proterozoic Birimian sequence of the West African Craton, that is home to several significant gold deposits. Situated in southwestern Burkina Faso, near the border with Ghana, the area is home to several producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi (Sarama).
Junior Mining NetworkImage 1: Nexus Gold projects and significant deposits/mines, Burkina Faso, West Africa
Junior Mining NetworkImage 2: Manzour-Dayere location, with and nearby deposits/mines, southern Burkina Faso, West Africa
* Please note that while the Company considers sampling results from the Manzour-Dayere concession to be accurate, readers are cautioned that a Qualified Person has been unable to verify the laboratory involved in the analysis of these samples, and no documentation was available regarding quality control procedures utilized in the analysis.
Grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
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.
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of eleven projects in Canada and West Africa. The Company’s West African-based portfolio totals five projects encompassing over 750-sq kms of land located on active gold belts and proven mineralized trends, while it’s 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario; the New Pilot Project, located in British Columbia's historic Bridge River Mining Camp; and four prospective gold and gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
For more information, please visit http://www.nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
Website http://www.nexusgoldcorp.com
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. 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.
Pennybuster
3 years ago
$NXXGF $NXS.v .04 ABOUT US
NEXUS GOLD CORP IS A CANADIAN-BASED GOLD EXPLORATION AND DEVELOPMENT COMPANY.
NEXUS GOLD – CANADA
Nexus currently has 100% ownership of five prospective gold exploration projects across multiple jurisdictions in Canada.
Our flagship Canadian asset is the McKenzie Gold Project, located in the heart of Red Lake, Ontario, one of the world’s most productive and high-profile gold mining locations. McKenzie is a 1,348-hecatre exploration project where early exploration work has turned up multiple high-grade samples up to 331 g/t gold.
The New Pilot Gold Project is a 509-hecatre gold-copper exploration prospect with strong historical results, located in the historic Bridge River Mining Camp, in BC’s prolific Bralorne district, site of multiple and prolific past producing mines. Historic sampling has produced multiple samples over 100 g/t gold.
Nexus also controls over 3,000-hectares of gold-copper exploration in Newfoundland. The over 2,000-hecatre GB Gold Copper Project, aka “Gummy Bear”, contains multiple showings of anomalous gold, copper and graphite. The Bauline and Black Ridge projects (over 800-ha) feature historical sample grades up to 15 g/t gold, 12 % copper and 143 g/t silver.
NEXUS GOLD – WEST AFRICA
The West Africa portfolio consists of five projects in various stages of development (over 750 square kilometers of ground) in Burkina Faso, a gold-rich country that features dozens of producing mines operated by some of the world’s largest gold companies.
The Nexus flagship project in Burkina Faso is the Bouboulou Gold Concession, a 38.8 sq-km (3,800+ hectares) advanced stage exploration project. Historic drilling by Roxgold Inc., and more recently by Nexus, has established no less than five mineralized zones with significant gold intercepts of both length and grade. Nexus plans on additional drill programs with the goal of establishing a maiden resource.
The 100%-owned Dakouli 2 Gold Project is a 98-sq km concession with abundant and active artisanal workings. Initial sampling programs have returned several high-grade assays with the presence of coarse, nuggety, visible gold.
The 100%-owned 190.53 sq-km (19,053-hectare) Manzour-Dayere gold exploration permit is located on the Boromo Greenstone belt, 325 km south west of the capital city of Ouagadougou, near the Ghana border. Historical exploration has produced high-grade sampling results.
Nexus also controls the 178-sq km Niangouela Gold Concession, which has hosted successful drill programs in the past, and recently the company optioned it’s 250-sq km Rakounga Gold Concession to Kruger Gold, who in turn were acquired by Arbor Metals. The option agreement calls for $1M CDN in payments to Nexus and $1.25M CDN in work commitments over four years to earn a 75% interest in the project.
LEADERSHIP
ALEX KLENMAN
PRESIDENT, CEO & DIRECTOR
Mr. Klenman brings over 30 years of business development, finance, marketing, media and corporate communications experience to his lead role with Nexus. He served as Vice President, Corporate Finance for Columbia Star Resources, the precursor of Nexus Gold, from 2012 through 2015, and subsequently as Chairman and Chief Operating Officer of the company from 2015 through May 1, 2018. He has held senior management and board positions in both the public and private sectors, and currently sits on the boards of multiple public companies. Prior to 2012, Mr. Klenman also served as a communications consultant for several TSX Venture listed resource companies, including Roxgold Inc., Integra Gold, Forum Uranium, Midnight Sun Mining, and others. In addition, Mr. Klenman also spent ten years in broadcasting, which included notable board positions with CKVU Television in Vancouver and Canwest Pacific Television. He is also currently president & CEO of Azincourt Energy Corp. (TSX.V: AAZ).
J. IAN STALKER
NON-EXECUTIVE CHAIRMAN & DIRECTOR
Mr Stalker has more than 45 years of development and operational mining experience in countries around the world, including over a decade working in West Africa. Among his many senior executive positions, he was Managing Director of Ashanti Goldfields Co. Limited (later to become AngloGold Ashanti); Vice President of Gold Fields Ltd., at one point the world’s fourth largest gold producer; and Chief Executive Officer & Director of Brazilian Gold Corp., among others. He was also Chief Executive Officer of UraMin, a publicly-listed uranium company, from 2005 through 2007, when it was acquired by Areva for $2.5 billion.
Among his current titles, Mr. Stalker, President & CEO of LSC Lithium, and Director with K92 Mining Inc., a TSXV listed company that is operating a high-grade gold mine in Papua New Guinea. In January 2019, LSC Lithium announced it had accepted a $111 million buyout offer.
Mr. Stalker has successfully managed over ten mining projects through feasibility study, development and construction phases. Among those companies he has held senior management positions he has overseen significant market cap growth. Over the past decade he has been active in multiple M&A initiatives and has been directly involved in the raising of over $500-million in capital investment for mining projects around the world.
WARREN ROBB, P. GEO
SENIOR VP, EXPLORATION & DIRECTOR
Mr. Robb graduated from the University of British Columbia in 1987 with a Bachelor of Science in Geology and brings over 25 years of mineral exploration experience to Nexus Gold Corp. Mr. Robb has worked for both senior and junior mining companies and has extensive operational and drill program management experience ranging from small preliminary testing to expansive programs for ore reserve definition to mining operations. Mr. Robb has managed exploration programs for precious and base metals throughout Canada, the United States, China, Africa and South America. In 2012, Mr. Robb served as Chief Geologist for Roxgold Inc., where he supervised both field exploration and the diamond drilling program on the company’s Bissa West and Yaramoko gold projects in Burkina Faso, West Africa.
DEENA SIBLOCK
VP CORPORATE DEVELOPMENT
Ms. Siblock brings over 20 years experience in capital markets strategy and execution and has distinguished herself as a leader in corporate governance, communications, and risk management. She has demonstrated exceptional commitment and passion throughout her career and is currently Chief Operating Officer and Director of Belgravia Hartford Capital Inc. Ms. Siblock has previously held various roles in the mining sector with copper, aluminum, molybdenum, and potash mining and exploration companies.
ZULA KROPIVNITSKI
CHIEF FINANCIAL OFFICER
Ms. Kropivnitski is a highly-qualified certified general accountant with over 15 years of practice experience, mainly with public companies listed on the Canadian Stock Exchange and the TSX Venture Exchange. Ms. Kropivnitski has served as CFO for public companies with a combined market capitalization approaching $80 million. She has been involved in all areas of financial reporting, corporate finance, and related aspects of regulatory compliance. She has extensive international experience in the resource sector. Zula received her Certified General Accountant professional accounting designation from the Certified General Accountants Association of British Columbia and later obtained her ACCA designation from the Association of Chartered Accountants based in London, UK. She holds a Masters of Mathematics and Economics degree from Russia.
JEAN CLAUDE OUEDRAOGO, BAA
COUNTRY MANAGER
Mr. Jean Claude Ouedraogo is a graduate of the University of Quebec, Montreal, Canada. For the past 20 years in both Canada and Africa he has served as a director for several private companies in the mineral and resource sector. In 2011, he held the position of country manager in Burkina Faso for Roxgold, Inc. In this capacity, he assisted in the operations of company projects notably the discovery and development at Yaramoko, while maintaining good relations with the various government ministries res$NXXGF $NXS.v ABOUT US
NEXUS GOLD CORP IS A CANADIAN-BASED GOLD EXPLORATION AND DEVELOPMENT COMPANY.
NEXUS GOLD – CANADA
Nexus currently has 100% ownership of five prospective gold exploration projects across multiple jurisdictions in Canada.
Our flagship Canadian asset is the McKenzie Gold Project, located in the heart of Red Lake, Ontario, one of the world’s most productive and high-profile gold mining locations. McKenzie is a 1,348-hecatre exploration project where early exploration work has turned up multiple high-grade samples up to 331 g/t gold.
The New Pilot Gold Project is a 509-hecatre gold-copper exploration prospect with strong historical results, located in the historic Bridge River Mining Camp, in BC’s prolific Bralorne district, site of multiple and prolific past producing mines. Historic sampling has produced multiple samples over 100 g/t gold.
Nexus also controls over 3,000-hectares of gold-copper exploration in Newfoundland. The over 2,000-hecatre GB Gold Copper Project, aka “Gummy Bear”, contains multiple showings of anomalous gold, copper and graphite. The Bauline and Black Ridge projects (over 800-ha) feature historical sample grades up to 15 g/t gold, 12 % copper and 143 g/t silver.
NEXUS GOLD – WEST AFRICA
The West Africa portfolio consists of five projects in various stages of development (over 750 square kilometers of ground) in Burkina Faso, a gold-rich country that features dozens of producing mines operated by some of the world’s largest gold companies.
The Nexus flagship project in Burkina Faso is the Bouboulou Gold Concession, a 38.8 sq-km (3,800+ hectares) advanced stage exploration project. Historic drilling by Roxgold Inc., and more recently by Nexus, has established no less than five mineralized zones with significant gold intercepts of both length and grade. Nexus plans on additional drill programs with the goal of establishing a maiden resource.
The 100%-owned Dakouli 2 Gold Project is a 98-sq km concession with abundant and active artisanal workings. Initial sampling programs have returned several high-grade assays with the presence of coarse, nuggety, visible gold.
The 100%-owned 190.53 sq-km (19,053-hectare) Manzour-Dayere gold exploration permit is located on the Boromo Greenstone belt, 325 km south west of the capital city of Ouagadougou, near the Ghana border. Historical exploration has produced high-grade sampling results.
Nexus also controls the 178-sq km Niangouela Gold Concession, which has hosted successful drill programs in the past, and recently the company optioned it’s 250-sq km Rakounga Gold Concession to Kruger Gold, who in turn were acquired by Arbor Metals. The option agreement calls for $1M CDN in payments to Nexus and $1.25M CDN in work commitments over four years to earn a 75% interest in the project.
LEADERSHIP
ALEX KLENMAN
PRESIDENT, CEO & DIRECTOR
Mr. Klenman brings over 30 years of business development, finance, marketing, media and corporate communications experience to his lead role with Nexus. He served as Vice President, Corporate Finance for Columbia Star Resources, the precursor of Nexus Gold, from 2012 through 2015, and subsequently as Chairman and Chief Operating Officer of the company from 2015 through May 1, 2018. He has held senior management and board positions in both the public and private sectors, and currently sits on the boards of multiple public companies. Prior to 2012, Mr. Klenman also served as a communications consultant for several TSX Venture listed resource companies, including Roxgold Inc., Integra Gold, Forum Uranium, Midnight Sun Mining, and others. In addition, Mr. Klenman also spent ten years in broadcasting, which included notable board positions with CKVU Television in Vancouver and Canwest Pacific Television. He is also currently president & CEO of Azincourt Energy Corp. (TSX.V: AAZ).
J. IAN STALKER
NON-EXECUTIVE CHAIRMAN & DIRECTOR
Mr Stalker has more than 45 years of development and operational mining experience in countries around the world, including over a decade working in West Africa. Among his many senior executive positions, he was Managing Director of Ashanti Goldfields Co. Limited (later to become AngloGold Ashanti); Vice President of Gold Fields Ltd., at one point the world’s fourth largest gold producer; and Chief Executive Officer & Director of Brazilian Gold Corp., among others. He was also Chief Executive Officer of UraMin, a publicly-listed uranium company, from 2005 through 2007, when it was acquired by Areva for $2.5 billion.
Among his current titles, Mr. Stalker, President & CEO of LSC Lithium, and Director with K92 Mining Inc., a TSXV listed company that is operating a high-grade gold mine in Papua New Guinea. In January 2019, LSC Lithium announced it had accepted a $111 million buyout offer.
Mr. Stalker has successfully managed over ten mining projects through feasibility study, development and construction phases. Among those companies he has held senior management positions he has overseen significant market cap growth. Over the past decade he has been active in multiple M&A initiatives and has been directly involved in the raising of over $500-million in capital investment for mining projects around the world.
WARREN ROBB, P. GEO
SENIOR VP, EXPLORATION & DIRECTOR
Mr. Robb graduated from the University of British Columbia in 1987 with a Bachelor of Science in Geology and brings over 25 years of mineral exploration experience to Nexus Gold Corp. Mr. Robb has worked for both senior and junior mining companies and has extensive operational and drill program management experience ranging from small preliminary testing to expansive programs for ore reserve definition to mining operations. Mr. Robb has managed exploration programs for precious and base metals throughout Canada, the United States, China, Africa and South America. In 2012, Mr. Robb served as Chief Geologist for Roxgold Inc., where he supervised both field exploration and the diamond drilling program on the company’s Bissa West and Yaramoko gold projects in Burkina Faso, West Africa.
DEENA SIBLOCK
VP CORPORATE DEVELOPMENT
Ms. Siblock brings over 20 years experience in capital markets strategy and execution and has distinguished herself as a leader in corporate governance, communications, and risk management. She has demonstrated exceptional commitment and passion throughout her career and is currently Chief Operating Officer and Director of Belgravia Hartford Capital Inc. Ms. Siblock has previously held various roles in the mining sector with copper, aluminum, molybdenum, and potash mining and exploration companies.
ZULA KROPIVNITSKI
CHIEF FINANCIAL OFFICER
Ms. Kropivnitski is a highly-qualified certified general accountant with over 15 years of practice experience, mainly with public companies listed on the Canadian Stock Exchange and the TSX Venture Exchange. Ms. Kropivnitski has served as CFO for public companies with a combined market capitalization approaching $80 million. She has been involved in all areas of financial reporting, corporate finance, and related aspects of regulatory compliance. She has extensive international experience in the resource sector. Zula received her Certified General Accountant professional accounting designation from the Certified General Accountants Association of British Columbia and later obtained her ACCA designation from the Association of Chartered Accountants based in London, UK. She holds a Masters of Mathematics and Economics degree from Russia.
JEAN CLAUDE OUEDRAOGO, BAA
COUNTRY MANAGER
Mr. Jean Claude Ouedraogo is a graduate of the University of Quebec, Montreal, Canada. For the past 20 years in both Canada and Africa he has served as a director for several private companies in the mineral and resource sector. In 2011, he held the position of country manager in Burkina Faso for Roxgold, Inc. In this capacity, he assisted in the operations of company projects notably the discovery and development at Yaramoko, while maintaining good relations with the various government ministries responsible for mining and exploration.
RODNEY STEVENS
INDEPENDENT DIRECTOR
Mr. Stevens is a CFA charter holder with over ten years’ 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.
InvestorsHub NewsWire
Featured Hemostemix Announces it is Trading on the Frankfurt Stock Exchange and it has Retained HE Capital Markets Ltd. Apr 9, 2021 8:00 AM
ponsible for mining and exploration.
RODNEY STEVENS
INDEPENDENT DIRECTOR
Mr. Stevens is a CFA charter holder with over ten years’ 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.
InvestorsHub NewsWire
Featured Hemostemix Announces it is Trading on the Frankfurt Stock Exchange and it has Retained HE Capital Markets Ltd. Apr 9, 2021 8:00 AM
Pennybuster
4 years ago
Nexus Gold Extends Strike Length at Dakouli II Gold Concession, Burkina Faso, West Africa
Jun 23, 2020 09:00 am
Tickers: XOTC:$NXXGF, XTSX:$NXS, FRAA:$N6E
Tags: #Mining
- Samples up to 10.8 g/t Au recovered from newly defined area
Vancouver, Canada - TheNewswire - June 23, 2020 - Nexus Gold Corp. ("Nexus" or the "Company") (TSXV:$NXS) (OTC:$NXXGF) (FSE:$N6E) is pleased to provide an update from it's ongoing exploration efforts at the 100%-owned Dakouli II Gold Concession, located in Burkina Faso, West Africa.
Company geologists have been reviewing the Dakouli concession for potential drill set ups, and during recent site visits noted an increase in artisanal mining activity along strike at the main mineralized zone. The crew collected three rock samples from new areas being exploited artisanal miners ("orpailleurs"). A result of 10.8 grams-per-tonne ("g/t") gold ("Au") was returned from sample DK-27. This sample consisted of crushed mined material which had undergone preliminary gold extraction by panning. The remaining two samples were taken from workings proximal to the location of the orpailleurs extraction operations and returned 0.02 g/t au and 1.6 g/t Au respectively.
The Company is encouraged by the increased strike activity which now extends the limits of the eastern zone some 200 meters to the east, thus expanding the zone of mineralization to over 400 meters along an east-west trend while also measuring over 200 meters in a north-south direction. As the Company prepares for an upcoming drill program it will continually monitor the increased artisanal activities along this mineralized trend.
"Dakouli remains a priority for Nexus, and one we intend to drill as soon as possible," said president & CEO, Alex Klenman. "We had planned to conduct a maiden drill program there late last year before in-country delays surfaced and then the global pandemic hit in Q1 this year. We'd like to get a drill program done once the rainy season ends later in the summer. The mineralization is widespread and continues to produce double digit samples. We feel the upside here is clearly evident, and a compelling case for multiple drill programs has already been established," continued Mr. Klenman.
Sample Results
Sample ID
Comment
Au g/t
DKL-0027
Crashed material from orpailleurs, very fine, gold was extracted for a first round, about 40m depth
10.8
DKL-0028
Quartz from orpaillage pit, clogged
0.023
DKL-0029
Quartz from orpaillage pit, about 20m depth
1.6
About the Dakouli II Gold Concession
The Dakouli II exploration permit is a 98-sq km (9,800 hectares) gold exploration property located approximately 100 kilometers due north of the capital city Ouagadougou.
In late 2018 Company geologists conducted a comprehensive ground reconnaissance program to the west and south of the main orpaillage (artisanal zone) and identified new near surface workings being exploited by artisanal miners. Rock samples collected from these new zones returned contained various concentrations of visible gold, including coarse nuggety samples.
A total of 12 samples were taken from the Northeast Zone, obtained between 8-18 meters below surface from artisanal shafts and pits, with six returning significant grades between 2.90 g/t Au and 29.5 g/t Au, including 27.5 g/t Au and 12.4 g/t Au from samples containing visible gold.
Figure 1: Example of visible nuggety gold in quartz recovered at the Dakouli II concession
Follow up work outlined an anomalous zone extending some 500 meters west from the sample zones. Based on those results the Company initiated a 150-line kilometer soil geochemical survey covering the northern half of the Dakouli II property and southern portions of the contiguous Niangouela property. This survey identified three prominent gold geochemical trends. The primary gold trend parallels the Sabce fault zone extends for approximately 10 kilometers, in a northeast - southwest direction and bisects the property from the north east corner of the property to its western boundary. The Sabce fault hosts multiple deposits including Nordgold's 3.4M oz Bissa Mine, located approximately 25km east of the Dakouli ground.
Two secondary gold trends which extend for approximately 6.5 kilometers each are oriented in a northwest to southeast direction and bisect the primary trend. All three gold geochemical trends are coincidental to geophysical trends identified from the national regional airborne geophysics. The geochemical surveys and sampling work done to date have generated multiple compelling targets the Company intends to begin testing in this initial drill program.
The Dakouli permit lies immediately south of, and contiguous to, the Company's Niangouela Gold Concession, which has been explored over the past three 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 Company news releases dated March 7, 2017 and April 5, 2017).
Figure 3: Dakouli 2 concession with artisanal zones, and bisecting Sabce faults in red
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of eleven projects in Canada and West Africa. The Company's West African-based portfolio totals five projects encompassing over 750-sq kms of land located on active gold belts and proven mineralized trends, while it's 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia's historic Bridge River Mining Camp, and four prospective gold and gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
For more information please visit nexus.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
http://www.nexusgoldcorp.com
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. 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.
Copyright (c) 2020 TheNewswire - All rights reserved.
Pennybuster
4 years ago
Nexus Gold Sets Drill Targets at McKenzie Gold Project, Red Lake, Ontario
By Anonymous on May 08, 2020 08:30 am
Tickers: XOTC:$NXXGF, XTSX:NXS.v, FRAA:N6E
Tags: #Mining
Vancouver, Canada - TheNewswire - May 8, 2020 - Nexus Gold Corp. ("Nexus" or the "Company") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to announce that drill targets have now been determined for the Company's upcoming diamond drill program at the 100%-owned McKenzie Gold Project, located in Red Lake, Ontario.
The phase one program will consist of a minimum 1000-meter diamond drill campaign, with up to 10 drill holes targeted to depths between 100 to 200 meters, at angles ranging from 45 to 60 dips. Phase one is designed to test the mineralization potential of several gold targets occurring within a corridor located in the southernmost section of the 1,348-hectare claim block.
Historic drilling conducted in 2005 along this corridor returned significant results, including 7.49 grams-per-tonne ("g/t") gold ("Au") over 8.2 meters, 15.54 g/t Au over 0.8 meters (includes 23.4 g/t over 0.3 meters), 4.47 g/t gold over 1.4 meters, 17.02 g/t Au over 0.5 meters, and 2.1 g/t Au over 5.5 meters. Drilling will test the strike and/or depth extensions of intersections obtained by earlier drill programs, such as intersections in historic drill hole M05-14 (15.54 g/t Au over 0.80 meters) and M05-3 (4.04 g/t Au over 0.45m and 23.87 g/t Au over 0.2 meters).
The phase one program will also test the potential of East-West trending shears along the geological contact of the Dome Stock with Volcanic rocks of the Balmer assemblage for depth or lateral extent based on anomalous prospecting samples (1550 ppb Au, 1850 ppb Au, 962 ppb Au and 723 ppb Au) collected during the Company's 2019 prospecting program.
This initial drill program is expandable, and the Company is currently reviewing additional targets to test if the decision is made to increase phase one meterage.
Click Image To View Full Size
Figure 1: McKenzie Gold Project, Red Lake Ontario - see figure 2 for more detail on inset
"A 1000-meter diamond drill program is an excellent start to our goal of conducting multiple drill programs at McKenzie in 2020," said president and CEO, Alex Klenman. "We're eager to test and expand areas that have already shown high-grade mineralization in the past. There have been some narrow high-grade intercepts in this particular target zone, so we're hoping to build on that. We are also reviewing additional targets in the immediate area and could expand the scope of this initial campaign," continued Mr. Klenman.
Start of the phase one drill program is anticipated to begin later in May. The Company will announce equipment and crew mobilization, and drill commencement, when dates are finalized in the short term.
Click Image To View Full Size
Figure 2: Phase One Drill Targeting, McKenzie Gold Project, Red Lake, Ontario
* Note the reported lengths are intercepts and are not true widths
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.
Compilation Summary - McKenzie Gold Project
As reported in a Company news release dated October 11, 2019, Nexus received a compilation summary of important historic data from project geological consultants, Rimini Exploration. The compilation integrated the regional geological and regional geophysical data, thus allowing the Company's geological staff to compare these trends to the information obtained through ground exploration conducted to date on the property. The more comprehensive data from the summary, coupled with the new data from the phase two prospecting program, was utilized in determining suitable areas to drill test.
The Rimini compilation summary produced historical data the Company was previously unaware of regarding multiple historical grab samples taken on the McKenzie claim block. The Company had previously disclosed several high-grade historical grab sample results on the property, including 331.14 g/t Au, 18.02 g/t Au, 212.8 g/t Au, 313 g/t Au, 18.02 g/t Au and 9.37 g/t Au. In the summer of 2019 Nexus conducted its first ground reconnaissance program at McKenzie and results returned notable sample assays, including 135.4 g/t Au and 9.3 g/t Au (see Company news release dated June 25, 2019).
Additional high-grade historical grab samples previously unknown to the Company and revealed in the Rimini summary include several high-grade assays, including 142.49 g/t Au, 115.2 g/t Au, 114.57 g/t Au, 93.71 g/t Au, 68.03 g/t Au, 53.01 g/t Au, and 16.65 g/t Au from areas located on McKenzie Island (north block).
The data compilation summary also indicated that little to no exploration has been conducted over the actual lake portion of the claim block. The Company has noted from the regional data that a number of northerly trending geophysical trends extend within the lake itself and is viewing these trends as potential faults or breaks within the Dome Stock.
Preliminary review of lake sediment sampling conducted on the property in 1989 indicates coincidental anomalous gold geochemical values occurring. Historical values obtained from the analysis of +150 mesh screened lake sediment samples returned values of 0.159 ounce-per-ton (5.45 g/t) Au, 0.154 ounce per ton (5.28 g/t) Au, and 0.116 once per ton (3.98 g/t) Au. The Company now intends to conduct more exploration activity within the lake-bound portion of the project area to determine the prospectivity of a large underexplored section of the property.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of eleven exploration projects in Canada and West Africa. The Company's West African-based portfolio totals five projects encompassing over 750-sq kms of land located on active gold belts and proven mineralized trends, while it's 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia's historic Bridge River Mining Camp, and four prospective gold and gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
For more information please visit nexus.gold.
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 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. 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.
Copyright (c) 2020 TheNewswire - All rights reserved.
Read in browser »
share on Twitter
Recent Articles:
Nexus Gold Contracts Driller for McKenzie Gold Project, Red Lake, Ontario
Nexus Gold Options Dorset Gold Project for $2.75 Million in Cash and Work Commitments
Nexus Gold Receives Drill Permit for McKenzie Gold Project, Red Lake, Ontario
Nexus Gold Signs Letter of Intent with Leocor Ventures for Development of Dorset Gold Project
Nexus Gold Completes Additional Private Placement Financing
Visit us on Facebook!
Visit us on Twitter!
Visit us on Instagram!
Visit our Website
Visit us on LinkedIn!
Copyright © 2020, Nexus Gold Corp., All rights reserved.
Nexus Gold Corp.
802-750 W. Pender St.
Vancouver, BC
V8C 2T8
604-558-1919
info@nexusgoldcorp.com
Pennybuster
4 years ago
$NXXGF $NXS.v News Out!! https://nexusgoldcorp.com/news/2020-news/exusoldcquiresanzourayereoldrojecturkinaa20200204
2020 News
Nexus Gold Acquires Manzour-Dayere Gold Project, Burkina Faso, West Africa
Tickers: OTC:NXXGF, TSX:NXS, FRAA:N6E
Tags: #Mining
Vancouver, Canada - TheNewswire - February 4, 2020 - Nexus Gold Corp. ("Nexus" or the "Company") (TSXV:NXS) (OTC:NXXGF) (FSE:N6E) is pleased to announce that it's wholly owned subsidiary, Nexus Gold Corp. Burkina SARL, has acquired through application a 100% percent interest in the 190.53 sq-km (19,053-hectare) Manzour-Dayere gold exploration permit located on the Boromo Greenstone belt, 325 km south west of the capital city of Ouagadougou, Burkina Faso, West Africa.
Historical exploration conducted on the property between 2011 and 2014 has identified an area of large artisanal workings ("orpaillage") located on the property. Sampling* conducted at this time throughout the artisanal workings returned reported high-grade values of 132 grams-per-tonne ("g/t") gold ("Au"), 85.40 g/t Au, 61.20 g/t Au, and 27.9 g/t Au, from select grab samples of quartz veining at the orpaillage, while select grab samples of the sedimentary host rock have returned values of 103 g/t Au and 21.40 g/t Au, respectively. The workings on the orpaillage are extensive and extend to depths of 60 to 80 meters below surface.
Manzour-Dayere is situated in southwestern Burkina Faso, near the border with Ghana. This area is home to several producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi (Sarama) and Gaoua (B2Gold).
"We are pleased to add Manzour to our portfolio of exploration projects. It's a large concession in an area of intense artisanal activity, and in a proven belt that is home to some of the country's most prolific mines," said president & CEO, Alex Klenman. "The limited sample results we have reviewed to date have shown the presence of some compelling high-grade values. We like the potential this suggests and intend to pursue a development plan we can execute in the near term. With drilling at Dakouli 2 planned, development of Bouboulou, and now the addition of Manzour, we have a busy year ahead in Burkina," continued Mr. Klenman.
Click Image To View Full Size
Figure 1: Burkina Faso country map with producing mines and Nexus Gold projects
Click Image To View Full Size
Figure 2: Manzour-Dayere boundary with location of historical samples
The Company's in-country geological team is presently compiling all available historical data, as well as conducting ongoing sampling and reconnaissance that will assist in identifying priority exploration targets for follow up work. With the addition of Manzour-Dayere, Nexus now controls over 750-sq kms of prospective ground in Burkina Faso.
* Please note that while the Company considers sampling results from the Manzour-Dayere concession to be accurate, readers are cautioned that a Qualified Person has been unable to verify the laboratory involved in the analysis of these samples, and no documentation was available regarding quality control procedures utilized in the analysis.
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.
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of ten exploration projects in West Africa and Canada. The Company's West African-based portfolio totals five projects encompassing over 750-sq kms (75,000+ hectares) of land located on active gold belts and proven mineralized trends, while it's 100%-owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in British Columbia's historic Bridge River Mining Camp, and three prospective gold-copper projects (3,300-ha) in the Province of Newfoundland. The Company is focusing on the development of several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.
For more information please visit www.nexusgoldcorp.com.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
http://www.nexusgoldcorp.com
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. 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.
Copyright (c) 2020 TheNewswire - All rights reserved.
Pennybuster
5 years ago
$NXXGF $NXS.v
Nexus Gold Corp. (TSX-V:NXS, OTC:NXXGF, Forum) seems to have picked the perfect time to start heating up. A glance at the junior gold exploration company’s newsfeed will reveal that it has been keeping very busy in 2019.
The last time Stockhouse covered Nexus Gold’s operations, CEO Alex Klenman stated that the Company had plans to add more projects, and it seems like he delivered. Since January, Nexus gold has significantly grown its footprint by acquiring five new promising projects in its operating bases of West Africa and Canada, and it looks like a sixth might be on the way.
The latest Canadian projects added were in Newfoundland, where Nexus Gold acquired three gold projects. On the opposite coast in British Columbia, the Company’s New Pilot Gold Project started delivering on its promise with recently returned sample results of 15.3 g/t (grams-per-tonne) Au.
And the explosive portfolio growth of the Company has come right as the price of gold has climbed past $1,500 for the first time since 2013. With a lot of investor attention on the industry and a gallery of prospects, Nexus Gold’s moves certainly put it in the right place at the right time.
Recently, Stockhouse Editorial caught up with Alex Klenman, President and CEO of Nexus Gold, to talk about the recent flurry of acquisitions and what the Company’s future holds.
1. To start off, Nexus Gold has rapidly grown its portfolio of holdings in both Canada and Africa this year alone. How did the Company manage to accomplish this so quickly?
We have had our eye on portfolio expansion and have been reviewing potential acquisitions for some time. We believed gold would indeed breach $1500, and that a robust market lay ahead, so we were eager to get ahead of the move. We were able to add some excellent prospects, and, we will continue to look for value in this regard. Many feel the gold market will get even stronger in 2020. If so, we believe a strong and expansive portfolio positions us for growth.
2. Diving into the acquisitions, things kicked off on the West Coast with the New Pilot Project in BC. What was attractive about this opportunity?
Warren Robb, our senior geologist and VP of Exploration, has been involved with the project since the 90s. He knows it well. It has produced lots of compelling data over the years through multiple work programs and gives us a high-grade prospect very close to home. The Bralorne camp is one of the most prolific past producing regions in Canada, so there is a ton of history there. We like the upside.
image: https://stockhouse.com/…/031c7e60-709e-…/083019-nexusgold-1…
(Image via Nexus Gold. Click image to enlarge)
3. Another Canadian acquisition, McKenzie Gold Project in Ontario, recently returned a high-grade 135 g/t Au sample. Where does Nexus Gold take the Project from here?
We absolutely love McKenzie. Obviously being in Red Lake and next to Goldcorp is a good place to be for a junior to be. With our last ground program producing some high-grade samples, and when you add that to the several other high-grade samples from the past few years, including several exceed 200 and 300 g/t gold, there is no question this project needs to be drilled.
We have been working with Rimini Exploration to accumulate data that will begin to generate drill targets. We are even looking at doing some winter work over the lake portion of the property. McKenzie is a high-grade prospect that has already produced significant numbers in multiple exploration programs, drilling it in 2020 would be ideal for us.
4. And the Company further grew its Eastern Canada position by acquiring not one but three projects in Newfoundland: GB Copper-Gold, Black Ridge Gold, and Bauline Epithermal Gold. Were these opportunities simply too good to pass up?
Newfoundland is a great place to work, and we feel it is underexplored compared to places like BC, Quebec and Ontario. All three projects have solid early exploration results. As we move into a livelier gold market we will look to launch development initiatives at these properties.
5. Most recently, Nexus Gold signed an LOI that would expand its position in Africa with three claims in Gabon. How does the Company’s experience in Burkina Faso factor in here?
Directly. Ian Stalker has a long history in West Africa, having, among other things, spent many years as Managing Director of Ashanti Goldfields, which became AngloGold Ashanti. He sourced this project and we were certainly intrigued. Gabon is behind other West African countries in terms of the development of their mining sector. It is however a proven oil & gas jurisdiction and the government there is eager to bring mining along to a more developed stage.
The opportunity here is for Nexus to become an early mover and acquire a massive land package, 3-4,000-sq kms of prospective gold exploration ground, ahead of this potential country development. That scenario is definitely attractive. We are currently conducting due diligence on the deal and hope to be able to make decisions here in the next month or two.
6. Speaking of Burkina Faso, the Company has been keeping busy with its existing projects, especially Dakouli 2 Gold. What updates can you offer for investors?
Those familiar with Nexus will be know about our Niangouela discovery in 2017. After pulling some incredible samples (up to 2,950 g/t Au), one of the very first holes we drilled returned 26 g/t gold over almost 5 meters, including a 132 g/t hit, very close to the surface. Quite an audacious start. Some of the other holes were also impressive. Subsequent rounds were more along the lower grade West African average, but we came to understand the mineralization at Niangouela may be the extension of a system off the southern boundary.
At the time we optioned Niangouela, we made an application directly with the Ministry in Burkina for the ground adjacent to the southern border at Niangouela, the Dakouli 2 concession. Last year we finally received the Dakouli mining lease and immediately began a ground recon program. The samples we grabbed returned multiple double-digit hits with a healthy dose of chunky, nuggety visible gold. Very good things to see, obviously. The artisanal activity suggests the strike is lengthy and deep. We plan on conducting a maiden drill program there later this year and are eager to see what the first holes show. It has tremendous upside and we feel it has the potential to become a flagship for Nexus.
7. In a recent Corporate Update, you explained that the strategy for Nexus Gold moving forward is to focus on a few core projects while explore partnering opportunities with the rest. Can you expand on how this strategy will be carried out?
We are working on becoming a hybrid project generator/explorer. I think there is value to unlock this way. First, we have the ability to monetize assets, and secondly, we can utilize partners to help fund development. It adds a critical component to the old exploration-only model, which includes already established levels of risk, and an equity-dilution cycle that is tough to avoid. The hybrid model will allow us to mitigate some of these factors to a certain extent, and perhaps move the company forward in a more favorable way.
image: https://stockhouse.com/…/14a0ae25-908f-…/083019-nexusgold-2…
(Image via Nexus Gold. Click image to enlarge)
8. How has the appointment of J. Ian Stalker to Non-Executive Chairman of Nexus Gold in March helped the Company utilize his experience and success?
He has been a great addition to the team. He is well connected, knowledgeable and understands first-hand how to take an exploration project and advance it towards mining stage. His experience, particularly in West Africa, is invaluable.
9. Alongside the growth of Nexus Gold over the past year, gold prices have increased to above US $1,500. What has that meant for the Company?
Increased visibility. Nexus has been around a bit now, and we are a somewhat established brand. With gold in the spotlight we tend to handle more inquiries about what we’re doing, and our projects. With the addition of Canadian projects, we now field more calls than ever. A healthy gold price helps, for sure, and it is great for the sector and will allow all of us in this space to access funding and get critical work done.
10. With so many changes, how would you describe your long-term vision for Nexus Gold to investors?
Other than adding project generation to the mix, we haven’t deviated from our core business, which is exploration. But it’s no secret exploration is and has become a more difficult business. It’s a high-risk, high-reward endeavor, and that in itself places limits on how large a market you can capture. By adding project generation, we can potentially remove some barriers traditionally faced by explorers. Our primary focus, where we feel our shareholders will gain the greatest returns, is exploration discovery and meaningful development. We feel our portfolio contains several projects that present a real path to that goal. This is why we’re here.
11. Thank you taking the time to speak with us. Is there anything you’d like to add before we end?
Gold is going to head higher over time. Typically, the greatest gains in bull markets are found in the explorers. Keep an eye on Nexus, we plan on being positioned for growth in what looks like the perfect time.
http://www.nexusgoldcorp.com
https://stockhouse.com/opinion/interviews/2019/09/11/gold-explorer-expands-perfect-time
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Renee
11 months ago
Captain Black Bob Blanco
2 years ago
Sparks111111
3 years ago
scaryharrysafari
4 years ago
JackTaylor1918
4 years ago
Hot Features
Premium
