assay index

Nexus Gold Drills 12m of 1.18 g/t Au, Including 12.7 g/t Au over 1m, at the Dakouli 2 Gold Concession, Burkina Faso, West Africa

 

(TheNewswire)

   

Vancouver, Canada - TheNewswire August 24, 2021 - Nexus Gold Corp. (" Nexus " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to report it has received additional assay results from the diamond drill program conducted at its 100% owned, 9,800-ha, Dakouli 2 Gold Project, located in Burkina Faso, West Africa.

 

  Drill hole DKL-21-DD-008 returned 12 meters of 1.18 grams-per-tonne ("g/t") gold ("Au"), within a broader intercept of 30 meters of .52 g/t Au, which also includes .86 g/t Au over 17 meters,  2.19 g/t Au over 6 meters, 6.51 g/t Au over 2 meters, and 12.7 g/t Au over 1 meter.   Drill hole DKL-21-DD-009 returned 18 meters of .37 g/t Au, including 2.22 g/t Au over 2 meters.  

 

  A total of 2500 meters of exploratory drilling was completed over 11 holes.  This drill program was designed to confirm and further test zones of mineralization discovered during the Company's Reverse Circulation ("RC") drill program conducted at the end of 2020.  

 

  Drilling has so far outlined a mineralized zone enveloping meta-volcanic/meta-sediment contact.  The contact has been traced over 800 meters in an east-west orientation and remains open at depth.  In addition to abundant artisanal activity, the geochemical footprint (see Company news release, June 11, 2019) on the property indicates there are potentially mineralized sub zones or corridors that parallel the main trend and that appear to also extend in a southwesterly direction.  Planning is now underway for follow up drilling in an effort to establish continuity along the main trend prior to testing a series of SW oriented targets.  

 

  "We are extremely encouraged with the results from this first diamond drill program," said VP of Exploration, Warren Robb.  "We encountered visible gold in 7 of the  9 holes drilled testing the Dakouli East Zone and have traced this gold bearing structure for over 500 meters in strike and to vertical depths of 130 meters.  This diamond drilling will go a long way in helping us unravel the structural complexities in this gold trend and to formulate a suitable follow up program to trace this mineralization," continued Mr. Robb.  

 

  "The combination of higher grade intercepts dispersed among and together with lengthier, sub-one gram intervals indicate a very favorable trend developing here at Dakouli," said president and CEO, Alex Klenman.  "We are going to spend some time now to track the results of both the RC and diamond drill programs in an effort to best understand the structure and controls along this east-west trend, and to generate the next set of drill targets.  It's a big property with a lot of ground to cover, we're eager to keep building drill data and move towards a potential resource estimate," continued Mr. Klenman.  

 

  Table of significant results from the 2021 diamond drill 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 core storage facility located in the village of Bokin.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ouagadougou, an accredited mineral analysis laboratory, for analysis.  All samples are analyzed for gold using standard Fire Assay-AA techniques.  Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Nexus's quality control/quality assurance program (QA/QC).  No QA/QC issues were noted with the results   reported herein   .  

 

  Drilling to Date at Dakouli  

 

  In late 2020 the Company conducted a Reverse Circulation ("RC") drill program at the 98-sq kms concession consisting of 2,914 meters of exploratory drilling.  The first-ever drill program on the property was designed to test several areas that have returned either high gold values from rock samples or coincidental soil geochemical and geophysical anomalies proximal to artisanal workings ("orpaillages").  Drilling has so far primarily been confined to a small section in the upper northeastern portion of the concession ground.  

 

  Significant results were encountered in several holes, including:  

 

  DKL-20-RC-007  

 
  •  

      -   4.83 grams-per-tonne ("g/t") gold ("Au") over 20 meters  

     
  •  
  •  

      -   Including 14.51 g/t Au over 6m  

     
  •  
  •  

      -   And 39.6 g/t over 2m  

     
  •  

  DKL-20-RC-009  

 
  •  

      -   1.61 g/t Au over 10m  

     
  •  
  •  

      -   Including 4.11 g/t Au over 2m  

     
  •  

  DKL-20-RC-010  

 
  •  

      -   1.89 g/t Au over 8m  

     
  •  
  •  

      -   Including 6.54 g/t Au over 2   m  

     
  •  

  In addition, several holes returned lengthy intercepts of sub-one gram gold, including DKL-20-RC-006 which returned .59 g/t Au 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.  

 

    
Click Image To View Full Size
 

 

  Image 1: Bisecting Sabce faults (red) and artisanal zones, Dakouli 2 project, Burkina Faso, West Africa  

 

    
Click Image To View Full Size
 

 

  Image 2: Location of Dakouli 2 project, Goren Greenstone Belt, Burkina Faso, West Africa  

 

  About the Dakouli 2 Gold Concession  

 

  The Dakouli 2 exploration permit is a 98-sq km (9,800 hectares) gold exploration property located approximately 100 kilometers due north of the capital city Ouagadougou. Situated   on the Goren greenstone belt, Dakouli is proximal to Nordgold's Bissa Mine, and is bisected by the gold-bearing Sabce shear zone.  

 

  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 contained various concentrations of visible gold, including coarse nuggety samples.  

 

  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 2 property.   This survey identified three prominent gold geochemical trends.  

 

  The primary gold trend parallels the Sabce fault zone and extends for approximately 10 kilometers in a northeast-southwest direction and bisects the property from the northeast 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.  

 

  Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for, and has approved, 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 projects in Canada and West Africa. The Company's primary focus is on its 100%-owned, 98-sq km Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the approximately 1400-ha McKenzie Gold Project, located in Red Lake, Ontario.   The Company is concentrating on the development 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    

 

  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) 2021 TheNewswire - All rights reserved.

 

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×