Precious Metals

(TheNewswire)



Nexus Gold Corp. (" Nexus " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce it has mobilized crew and drill equipment to the Dakouli 2 Gold Concession, located in Burkina Faso, West Africa

The maiden Dakouli drill program, scheduled to begin within the next few days, will consist of approximately 3000 meters of Reverse Circulation ("RC") drilling to test depth extensions of geochemical gold anomalies identified through termite mound sampling, soil gold geochemistry which identified three trends intersecting the property (see Company news release dated June 11, 2019) and finally rock geochemistry which has returned higher grade gold results from selective *grab samples extracted from Artisanal mining areas ("Orpaillages") (see Company news releases dated January 8 and 15, 2019, June 23, 2020, and September 10, 2020) .

The Dakouli 2 permit is located on the Goren greenstone belt, proximal to Nordgold's Bissa Mine, and is bisected by the gold bearing Sabce Shear zone.

"We have a large area with multiple target zones to drill, this is just the start," said president & CEO, Alex Klenman. "Dakouli is a compelling project for discovery, and this is the first time it's been drilled. It contains a lot of positives you like to see prior to putting a drill down. The mineralized footprint, as defined by the artisanal mining presence, is significant. With the pandemic affecting travel, it's taken a few extra days to get the crew situated in country, and at the site, but we're ready to go," continued Mr. Klenman.


Click Image To View Full Size

Figure 1: First 11 drill hole locations, Dakouli 2 Gold Concession, Burkina Faso, West Africa

Ground reconnaissance and sampling has been ongoing at Dakouli 2 for over a year now. During this time, the Company has collected 40 grab samples from below surface in artisanal shafts ("pits"). The highlights are tabled below:

Sample ID

Utm E

Utm N

Description

Depth

Au g/t

DKL-001

636687

1445630

Quartz from orpaillage pit

8m

3.15

DKL-004

636763

1445627

Milky quartz vein from pit, VG

8m

27.5

DKL-009

636828

1445661

Milky quartz vein from pit

18m

2.9

DKL-010

636767

1445652

Light grey quartz vein from pit

--

4.93

DKL-011

636738

1445670

Quartz from pit, VG

10m

29.5

DKL-012

636677

1445642

Quartz from pit, VG

8m

12.4

DKL-021

625232

1441439

Quartz from pit, white to light grey

15m

2.72

DKL-022

625269

1441469

Quartz from pit

25m

11.1

DKL-023

636901

1445515

Quartz from pit, VG

40m

17.6

DKL-024

636903

1445514

Quartz from pit

40m

1.74

DKL-025

636967

1445530

Quartz from pit

17m

3.68

DKL-027

--

--

Crushed Material, very fine gold

40m

10.8

DKL-029

--

--

Quartz from pit

20m

1.6

DKL-031

636942

1445649

Quartz vein from orpaillage pit

30m

10.9

DKL-032

636937

1445638

Quartz vein from orpaillage pit

50m

12.8

DKL-033

636937

1445638

Crushed material very fine gold

50m

2.3

DKL-036

637034

1445648

Quartz vein from orpaillage pit

40m

98.9

DKL-037

637033

1445704

Quartz vein from orpaillage pit

40m

1.86

DKL-038

637033

1445704

Crushed material, very fine gold

50m

49.7

DKL-039

637025

1445710

Quartz vein from orpaillage pit

50m

11.1

DKL-040

637025

1445710

Quartz vein + volcanic sediment

50m

7.48

Table 1: Sample Highlights to date, Dakouli 2 Gold Concession, Burkina Faso, West Africa (Utm coordinates are in Adindad 30 Projection)

Updates will be provided as the drilling progresses.


Click Image To View Full Size

Figure 2: Dakouli 2 artisanal zones and bisecting Sabce faults in red, Burkina Faso, West Africa

*Grab samples are selective by nature and may not represent the true grade or style of mineralization across the property

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.

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. Of the first 25 samples collected, 11 returned assay values greater than 1 g/t Au, with multiple samples showing various concentrations of visible gold returning values between 11.1 g/t Au and 29.5 g/t Au (see Figure 1, and Company news release dated January 8, 2019).

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 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 and 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 Dakouli 2 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).


Click Image To View Full Size

Figure 1: Dakouli 2 Gold Concession with bisecting Sabce faults in red

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 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
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.

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