(TheNewswire)
Vancouver, Canada- TheNewswire – August 24, 2021 - Nexus Gold Corp.(“ Nexus ” or the “ Company ”) (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) ispleased to report it has received additional assay results from thediamond drill program conducted at its 100% owned, 9,800-ha, Dakouli 2Gold Project, located in Burkina Faso, West Africa.
Drill hole DKL-21-DD-008 returned 12 meters of 1.18grams-per-tonne (“g/t”) gold (“Au”), within a broaderintercept of 30 meters of .52 g/t Au, which also includes .86 g/t Auover 17 meters, 2.19 g/t Au over 6 meters, 6.51 g/t Au over 2meters, and 12.7 g/t Au over 1 meter. Drill hole DKL-21-DD-009returned 18 meters of .37 g/t Au, including 2.22 g/t Au over 2meters.
A total of 2500 meters of exploratory drilling wascompleted over 11 holes. This drill program was designed to confirmand further test zones of mineralization discovered during theCompany’s Reverse Circulation (“RC”) drill program conducted atthe end of 2020.
Drilling has so far outlined a mineralized zoneenveloping meta-volcanic/meta-sediment contact. The contact has beentraced over 800 meters in an east-west orientation and remains open atdepth. In addition to abundant artisanal activity, the geochemicalfootprint (see Company news release, June 11, 2019) on the propertyindicates there are potentially mineralized sub zones or corridorsthat parallel the main trend and that appear to also extend in asouthwesterly direction. Planning is now underway for follow updrilling in an effort to establish continuity along the main trendprior to testing a series of SW oriented targets.
“We are extremely encouraged with the results fromthis first diamond drill program,” said VP of Exploration, WarrenRobb. “We encountered visible gold in 7 of the 9 holes drilledtesting the Dakouli East Zone and have traced this gold bearingstructure for over 500 meters in strike and to vertical depths of 130meters. This diamond drilling will go a long way in helping usunravel the structural complexities in this gold trend and toformulate a suitable follow up program to trace thismineralization,” continued Mr. Robb.
“The combination of higher grade intercepts dispersedamong and together with lengthier, sub-one gram intervals indicate avery favorable trend developing here at Dakouli,” said president andCEO, Alex Klenman. “We are going to spend some time now to trackthe results of both the RC and diamond drill programs in an effort tobest understand the structure and controls along this east-west trend,and to generate the next set of drill targets. It’s a big propertywith a lot of ground to cover, we’re eager to keep building drilldata and move towards a potential resource estimate,” continued Mr.Klenman.
Table of significant results from the 2021 diamonddrill program at Dakouli:
DRILL HOLE | UTM_E | UTM_N | ELEV | AZIMUTH | DIP | FROM | TO | LENGTH | Au g/t |
DKL-21-DD-001 | 636975 | 1445764 | 293 | 0 | -60 | 80 | 81 | 1 | 2.87 |
103 | 135 | 32 | 0.75 | ||||||
Includes | 112 | 135 | 23 | 0.95 | |||||
Includes | 120 | 135 | 15 | 1.01 | |||||
Includes | 123 | 135 | 12 | 1.14 | |||||
Includes | 129 | 130 | 1 | 2.46 | |||||
Includes | 134 | 135 | 1 | 6.88 | |||||
187 | 194 | 7 | 1.46 | ||||||
Includes | 188 | 189 | 1 | 2.03 | |||||
Includes | 190 | 191 | 1 | 4.87 | |||||
DKL-21-DD-002 | 637020 | 1445783 | 296 | 0 | -50 | 75.5 | 77 | 1.5 | 1.94 |
91 | 119 | 28 | 1.90 | ||||||
Includes | 91 | 95 | 4 | 10.87 | |||||
Includes | 91 | 92 | 1 | 15.10 | |||||
Includes | 94 | 95 | 1 | 17.00 | |||||
And | 102 | 103 | 1 | 1.78 | |||||
And | 106 | 107 | 1 | 1.09 | |||||
And | 110 | 111 | 1 | 1.79 | |||||
And | 118 | 119 | 1 | 2.38 | |||||
144 | 145 | 1 | 2.04 | ||||||
154 | 164 | 10 | 1.43 | ||||||
Includes | 156 | 157 | 1 | 10.60 | |||||
DKL-21-DD-003 | 637098 | 1445770 | 296 | 0 | -50 | 106 | 128 | 22 | 0.47 |
Includes | 106 | 107 | 1 | 3.81 | |||||
And | 111 | 112 | 1 | 2.34 | |||||
And | 121 | 122 | 1 | 1.14 | |||||
And | 126 | 127 | 1 | 1.37 | |||||
DKL-21-DD-004 | 636851 | 1445784 | 0 | -50 | 3 | 4.5 | 1.5 | 1.50 | |
152 | 159 | 6 | 1.06 | ||||||
Includes | 152 | 153 | 1 | 5.33 | |||||
DKL-21-DD-005 | 636714 | 1445774 | 0 | -50 | 60.5 | 63.5 | 3 | 0.55 | |
78.5 | 88 | 9.5 | 0.40 | ||||||
116 | 117 | 1 | 1.28 | ||||||
184 | 193 | 9 | 0.27 | ||||||
191 | 192 | 1 | 1.64 | ||||||
DKL-21-DD-006 | 636636 | 1445763 | 297 | 360 | -50 | 84 | 85 | 1 | 1.31 |
181 | 184 | 3 | 0.31 | ||||||
DKL-21-DD-007 | 636592 | 1445766 | 297 | 360 | -50 | 100 | 106 | 6 | 0.61 |
INCLUDES | 102 | 103 | 1 | 2.13 | |||||
DKL-21-DD-008 | 636979 | 1445715 | 297 | 360 | -60 | 155 | 185 | 30 | 0.52 |
INCLUDES | 163 | 180 | 17 | 0.86 | |||||
168 | 180 | 12 | 1.18 | ||||||
174 | 180 | 6 | 2.19 | ||||||
178 | 180 | 2 | 6.51 | ||||||
179 | 180 | 1 | 12.7 | ||||||
DKL-21-DD-009 | 637020 | 1445731 | 297 | 360 | -55 | 158 | 176 | 18 | 0.37 |
INCLUDES | 170 | 172 | 2 | 2.22 | |||||
Drill core is logged and sampled in a secure corestorage facility located in the village of Bokin. Core samples fromthe program are cut in half, using a diamond cutting saw, and are sentto Activation Laboratories in Ouagadougou, an accredited mineralanalysis laboratory, for analysis. All samples are analyzed for goldusing standard Fire Assay-AA techniques. Certified gold referencestandards, blanks and field duplicates are routinely inserted intothe sample stream, as part of Nexus’s quality control/qualityassurance program (QA/QC). No QA/QC issues were noted with theresults reported herein .
Drilling to Date at Dakouli
In late 2020 the Company conducted a ReverseCirculation (“RC”) drill program at the 98-sq kms concessionconsisting of 2,914 meters of exploratory drilling. The first-everdrill program on the property was designed to test several areas thathave returned either high gold values from rock samples orcoincidental soil geochemical and geophysical anomalies proximal toartisanal workings (“orpaillages”). Drilling has so farprimarily been confined to a small section in the upper northeasternportion of the concession ground.
Significant results wereencountered in several holes, including:
DKL-20-RC-007
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- 4.83 grams-per-tonne (“g/t”)gold (“Au”) over 20 meters
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- Including 14.51 g/t Au over 6m
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- And 39.6 g/t over 2m
DKL-20-RC-009
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- 1.61 g/t Au over 10m
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- Including 4.11 g/t Au over2m
DKL-20-RC-010
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- 1.89 g/t Au over 8m
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- Including 6.54 g/t Au over2 m
In addition, several holes returned lengthy interceptsof sub-one gram gold, including DKL-20-RC-006 which returned .59 g/tAu over 18 meters, DKL-20-RC-017, which returned .91 g/t Au over 10m,and DKL-20-RC-002 which returned .64 g/t Au over 16 meters.
Image 1: Bisecting Sabce faults(red) and artisanal zones, Dakouli 2 project, Burkina Faso, WestAfrica
Image 2: Location of Dakouli 2project, Goren Greenstone Belt, Burkina Faso, West Africa
About the Dakouli 2 GoldConcession
The Dakouli 2 exploration permit is a 98-sq km (9,800hectares) gold exploration property located approximately 100kilometers due north of the capital city Ouagadougou. Situated on the Goren greenstone belt, Dakouli isproximal to Nordgold’s Bissa Mine, and is bisected by thegold-bearing Sabce shear zone.
In late 2018 Company geologists conducted acomprehensive ground reconnaissance program to the west and south ofthe main orpaillage (artisanal zone) and identified new near surfaceworkings being exploited by artisanal miners. Rock samples collected from these new zones contained variousconcentrations of visible gold, including coarse nuggety samples.
Follow up work outlined an anomalous zone extendingsome 500 meters west from the sample zones. Based on those results theCompany initiated a 150-line kilometer soil geochemical surveycovering the northern half of the Dakouli 2 property. This survey identified three prominent gold geochemicaltrends.
The primary gold trend parallels the Sabce fault zoneand extends for approximately 10 kilometers in a northeast-southwestdirection and bisects the property from the northeast corner of theproperty to its western boundary. The Sabce fault hosts multipledeposits including Nordgold’s 3.4M oz Bissa Mine, locatedapproximately 25km east of the Dakouli ground.
Two secondary gold trends which extend forapproximately 6.5 kilometers each are oriented in a northwest tosoutheast direction and bisect the primary trend. All three goldgeochemical trends are coincidental to geophysical trends identifiedfrom the national regional airborne geophysics.
Warren Robb P.Geo., Vice President,Exploration, is the designated Qualified Person as defined by NationalInstrument 43-101 and is responsible for, and has approved, thetechnical information contained in this release.
About the Company
Nexus Gold is a Canadian-based gold exploration anddevelopment company with an extensive portfolio of projects in Canadaand West Africa. The Company’s primary focus is on its 100%-owned,98-sq km Dakouli 2 Gold Concession in Burkina Faso, West Africa, andthe approximately 1400-ha McKenzie Gold Project, located in Red Lake,Ontario. The Company is concentrating on thedevelopment of its core assets while seeking joint-venture, earn-in,and strategic partnerships for other projects in its portfolio.
For more information, please visit nxs.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
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