(TheNewswire)
Vancouver, Canada- TheNewswire - June 22, 2021 - Nexus GoldCorp. (“ Nexus ” or the “ Company ”) (TSXV:NXS )( OTC:NXXGF ) ( FSE:N6E) is pleased to report it hasreceived preliminary assay results from the recently completed diamonddrill program conducted at its 100% owned, 9,800-ha, Dakouli 2 GoldProject, located in Burkina Faso, West Africa.
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 inNovember and December 2020. Significant results in these first fivediamond drill holes include:
DKL-21-DD-002
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-- 10.87 grams-per-tonne(“g/t”) gold (“Au”) over 4 meters
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-- Within a broader intercept of1.90 g/t Au over 28m (from 91 to 119 meters depth)
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-- 1.43 g/t Au over 10m (from 154mto 164m)
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-- Including 10.60 g/t Au over1m
This hole also returned high-grade intervals of 15.10g/t Au over 1m, and 17.00 g/t Au over 1m.
DKL-21-DD-001
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-- 1.01 g/t Au over 15m
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-- Including 6.88 g/t Au over1m
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-- Within a broader intercept of23m of 0.95 g/t Au
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-- 1.46 g/t Au over 7m
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-- Including 4.87 g/t Au over1m
“This is a great start to the diamond program. It’s looking like we have an impressive zone enveloping themeta-volcanic/meta-sediment contact,” said Warren Robb, VPExploration. “We have traced this contact now for over 800 meters,and it still remains open to depth,” added Mr. Robb.
“We are gaining valuable insight into how the golddeposition is occurring at Dakouli,” said President & CEO, AlexKlenman. “We’re getting a better understanding of continuityalong this main trend that appears to extend several kilometers to thewest. The large geochemical footprint at Dakouli, in addition toartisanal activity, indicates there are potentially sub zones orcorridors that parallel the main trend that appear to extend in asouthwesterly direction. Once all results are received and released,we’ll begin a follow up program to further delineate themineralization at Dakouli,” continued Mr. Klenman.
Table of significant results:
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 |
Note: reported intervals areintercept lengths and not true widths
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 . Assaysare pending from holes 6 through 11, and results will be reported oncereceived, reviewed, and verified.
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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