Nexus Gold begins phase 1 drilling at Bouboulou

Jun 13, 2017

NEXUS GOLD COMMENCES DRILLING AT BOUBOULOU GOLD CONCESSION, BURKINA FASO, WEST AFRICA

Drilling has commenced at its 38-square-kilometre Bouboulou gold concession. Bouboulou is located approximately 75 kilometres north-west of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone.

The 2000 metre phase one diamond drill program at Bouboulou will target previously identified mineralized zones at the property, namely Bouboulou 2, Pelatanga, and Rawema. In addition, the Company will test the Koala zone, where recent samples ran as high as 66 grams-per-tonne (“g/t”) gold (“Au”), and the newly identified Rawema West zone.

New Zone Identified – Rawema West

As reported in a June 6, 2017 news release, company geologists have now determined the presence of a new mineralized zone at Bouboulou through the observance of increased artisanal activity, and the result of rock sampling taken from the newly observed area.

The new zone, named “Rawema West”, occurs approximately 1000 metres west of the main workings at the previously identified Rawema site. The Artisanal workings extend some 150 metres in length and appear by observation to extend to depths of greater than 20 metres.

Company geologists collected seven select rock samples of dump material from the Rawema West workings. Of the seven samples collected there, four returned values greater than 1 g/t Au, including BBL-004 which returned 9.49 g/t Au.

The sampling results greater than 1 g/t Au, from both Rawema West and Koala, as reported June 6, 2017, are tabled below:

  Sample ID   Gold (g/t)  Sample type   Zone       
BBL-004       9.69          Select     Rawema West
BBL-005       2.62          Select     Rawema West
BBL-006       4.41          Select     Rawema West
BBL-007       4.84          Select     Rawema West
BBL-012       66.1          Select     Koala      
BBL-013         29          Select     Koala      
BBL-014       2.20         Select      Koala      

The trend of the workings at Rawema West runs roughly parallel to the Pelatanga-Rawema (“PR”) trend that the company intends to test with its upcoming diamond drill program.

Bouboulou

Historical Data

In 2011 Roxgold Inc completed reverse circulation (RC) and diamond drilling (DD) programs to test the four previously identified mineralized zones.

Historical reverse circulation (RC) drilling highlights from Bouboulou are tabled below:

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

BBL-11-RC-003          103        24        34        10      1.10
Includes                          30        32         2      3.66
BBL-11-RC-005          103        60        64         4      1.86
BBL-11-RC-006          115        70       110        40      1.54
Includes                          70        90        20      2.25
And                    100       110        10      1.42
BBL-11-RC-012          120       100       108         8      1.21
BBL-11-RC-013          109        74       109        35      2.20
Includes                          74        86        12      5.45
BBL-11-RC-020          103        40        50        10      2.84
Includes                          42        44         2     12.45
BBL-11-RC-021          130         6         8         2      3.94
BBL-11-RC-022          133        44        48         4      1.63
BBL-11-RC-024          193        38        44         6      1.95
BBL-11-RC-027          120        90       114        24      1.36
BBL-11-RC-028          162       130       132         2      2.53
BBL-11-RC-031          144        78        94        16      1.18
BBL-11-RC-036          120         8        10         2      1.42
BBL-11-RC-038          144       114       116         2      1.53
BBL-11-RC-039          150       116       130        14      1.37
BBL-11-RC-041          138        52        54         2      2.04
BBL-11-RC-042          114        40        46         6      1.26
Includes    

Historical diamond drilling (DD) highlights from Bouboulou are tabled below:

Hole ID              Depth      From        To    Length        Au
                        (m)       (m)       (m)       (m)     (g/t)
      
BBL-11-DD-002          127        42        44         2      5.43    
BBL-11-DD-003          142        56        58         2      5.33 
                                  78        82         4     12.53            
                                  96        98         2      1.59             
BBL-11-DD-005          179        74        80         6      4.62     
Includes                        77.7        78       0.3     81.32            
BBL-11-DD-006          127      91.5        93       1.5      1.74  
BBL-11-DD-008          198       125       127         2      2.55    

* Note all assay results represent intercept lengths and are not true widths 

Bouboulou Trends

The Company has subsequently identified three distinct 5000m (5km) long anomalous gold trends at the Bouboulou concession. Each of the three trends display strong coincidental geochemical and geophysical gold anomalies, and extend from the four previously drill-identified mineralized zones, namely Rawema, Pelatanga, Bouboulou 2 and Koala. They are identified by numerous orpaillages and geochemical samples of greater than 1 g/t Au. All three of the Bouboulou trends display similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them, or along trend.

A map of the three trends can be seen here: http://www.nexusgoldcorp.com/images/NexusGold_Boub1.jpg

About Burkina Faso

Burkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. The Greenstone Belts that host all of the major deposits in Ghana and Cote d’Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under-explored in comparison to neighbouring Ghana and Mali; both of which host world-class gold mines in the same belts of Birimian rocks.

About the Company

Nexus Gold Corp. is a Vancouver-based gold exploration and development company operating in some of the world’s premier mining districts. The Company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-sq km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. For more information on these projects, please visit the Company website at www.nexusgoldcorp.com.

Warren Robb P.Geo., Senior Geologist is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

http://nexusgoldcorp.com/index.php/en/news-releases-4/2017-news

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