Nexus Gold Reports Additional Assay Results from the McKenzie Gold Project, Red Lake, Ontario

Nexus Gold Reports Additional Assay Results from the McKenzie Gold Project, Red Lake, Ontario

 

(TheNewswire)

  Nexus Gold Corp. 

  •  

      Hole MK-21-025 returns 10.21 g/t Au over 2 meters  

     
  •  
  •  

      Hole MK-21-028 returns 74m of 0.65 g/t Au  

     
  •  
  •  

      Includes 13m of 1.15 g/t Au and 7m of 1.06 g/t Au  

     
  •  
  •  

      Strike length now over 475 meters  

     
  •  

  Vancouver, Canada -   TheNewswire -   February 15, 2022 - Nexus Gold Corp.   ("   Nexus   " or the "   Company   ") (TSXV:NXS   ) (   OTC:NXXGF   ) (   FSE:N6E) is   pleased   to report additional assay results from its second round of phase two diamond drilling on its 100% owned McKenzie Gold Project located at Red Lake, Ontario.  

 

  This second round of drilling, completed in December 2021, was designed to test gold anomalies occurring in and around historic trenches identified earlier in the fall by prospecting teams employed by the Company.  The program was also testing the potential strike extension of mineralization identified in the first round of phase two drilling in the spring of 2021.   The program consisted of eight drill holes totaling 2000 meters (full summary of the four holes received is tabled below).  

 

  Highlights from the final four holes from the December drill program include:  

 
  •  

      MK-21-025 returned 2 meters ("m") of 10.21 grams-per-tonne ("g/t") gold ("Au"), which includes .8m of 23.7 g/t Au  

     
  •  
  •  

      MK-21-028 returned 0.65 g/t Au over 74m, including 7m of 1.16 g/t Au, 6m of 0.94 g/t Au, and 13m of 1.15 g/t Au  

     
  •  
  •  

      MK-21-029 returned multiple intercepts, including 133m of 0.52 g/t Au, which includes 11m of 1.01 g/t Au, 7m of 1.37 g/t Au, 2m of 1.61 g/t Au among others, and 48m of 0.48 g/t Au (see table following)  

     
  •  

  Seven of the eight holes drilled in December successfully intersected gold mineralization.  To date Nexus has drilled 30 holes at McKenzie, with 27 returning gold values of 1 gram-per-tonne gold or better (visit nxs.gold for a complete drill table under the McKenzie Gold Project tab).   Data generated shows a mineralized trend that develops south of Perch Lake and continues in a north/north-westerly direction.  

 

  All drill holes were collared in the Dome Stock and successfully cored through granitic rock displaying zones of potassic ("K") alteration with zones of silica and sericitic alteration; sulphide mineralization consisting primarily of pyrite with lesser chalcopyrite; and occasional molybdenite and sphalerite hosted in quartz carbonate stringers and veins, which was reported occurring in both alteration styles but in greater amounts in the siliceous sericitically altered granite.  

 

  The following table includes results from the final four holes drilled in December 2021:  

 
                                                                                                                                                                                                                                                                                                  
 

  DRILL HOLE  

 
 

  UTM_E  

 
 

  UTM_N  

 
 

  ELEV (m)  

 
 

  AZIMUTH  

 
 

  DIP  

 
 

  FROM  

 
 

  TO  

 
 

  LENGTH  

 
 

  Au g/t  

 
 

  MK-21-023  

 
 

  437725  

 
 

  5653016  

 
 

  366  

 
 

  240  

 
 

  -45  

 
 

  107  

 
 

  108  

 
 

  1  

 
 

  1.32  

 
          
 

  MK-21-025  

 
 

  437608  

 
 

  5652926  

 
 

  362  

 
 

  130  

 
 

  -45  

 
 

  66  

 
 

  68  

 
 

  2  

 
 

  10.21  

 
     

  Includes  

 
  

  66  

 
 

  67  

 
 

  .8  

 
 

  23.70  

 
          
 

  MK-21-028  

 
 

  437718  

 
 

  5652729  

 
 

  360  

 
 

  230  

 
 

  -45  

 
 

  203  

 
 

  276  

 
 

  74  

 
 

  0.65  

 
     

  Includes  

 
  

  207  

 
 

  214  

 
 

  7  

 
 

  1.06  

 
     

  And  

 
  

  220  

 
 

  226  

 
 

  6  

 
 

  0.94  

 
     

  And  

 
  

  260  

 
 

  273  

 
 

  13  

 
 

  1.15  

 
     

  Includes  

 
  

  272  

 
 

  273  

 
 

  1  

 
 

  4.65  

 
          
 

  MK-21-029  

 
 

  437725  

 
 

  5652342  

 
 

  380  

 
 

  290  

 
 

  -70  

 
 

  40  

 
 

  88  

 
 

  48  

 
 

  0.48  

 
     

  Includes  

 
  

  47  

 
 

  48  

 
 

  1  

 
 

  3.43  

 
     

  And  

 
  

  53  

 
 

  54  

 
 

  1  

 
 

  1.36  

 
     

  And  

 
  

  58  

 
 

  60  

 
 

  2  

 
 

  1.52  

 
     

  And  

 
  

  80  

 
 

  81  

 
 

  1  

 
 

  1.00  

 
       

  115  

 
 

  116  

 
 

  1  

 
 

  1.78  

 
       

  132  

 
 

  265  

 
 

  133  

 
 

  0.52  

 
     

  Includes  

 
  

  141  

 
 

  142  

 
 

  1  

 
 

  2.57  

 
     

  And  

 
  

  163  

 
 

  165  

 
 

  2  

 
 

  1.61  

 
     

  And  

 
  

  168  

 
 

  170  

 
 

  2  

 
 

  1.49  

 
     

  And  

 
  

  178  

 
 

  180  

 
 

  2  

 
 

  1.47  

 
     

  And  

 
  

  200  

 
 

  211  

 
 

  11  

 
 

  1.01  

 
     

  And  

 
  

  227  

 
 

  228  

 
 

  1  

 
 

  1.82  

 
     

  And  

 
  

  231  

 
 

  232  

 
 

  1  

 
 

  2.67  

 
     

  And  

 
  

  243  

 
 

  250  

 
 

  7  

 
 

  1.37  

 
     

  Includes  

 
  

  243  

 
 

  244  

 
 

  1  

 
 

  6.77  

 
     

  And  

 
  

  264  

 
 

  265  

 
 

  1  

 
 

  1.59  

 
 

  "This round of drilling has shown that the longer gold intercepts hosted in the silicious and sericitic altered granite is trending to the north west, towards the historic Trench 3 found in our recent prospecting program," said VP Exploration, Warren Robb.  "We clipped this zone in hole 27 but clearly intersected it in hole 28 adding an addition 50 meters to this zone's strike extent.  The drilling north of Perch Lake has intersected a higher grading quartz vein which was intersected by holes 24 and 25 and we have traced it now for 50 meters," continued Mr. Robb.  

 

  "The drilling we've done so far at McKenzie has resulted in the discovery of a well mineralized gold system, combining higher grade gold in quartz veins with lengthy, near 1-gram intercepts that permeate out into the intrusives," said President and CEO, Alex Klenman.  "The vast majority of the holes we've drilled have returned positive results.  We've established almost 500 meters of strike length.  We are now planning a follow up drill program to pursue the mineralization to the north west and extend the known strike," continued Mr. Klenman.  

 

 

 

   
Click Image To View Full Size

 

  Initial holes from the December drill program, previously reported (NR dated February 9, 2022):  

 
                                                                                                                                                                                                                                                                    
 

  DRILL HOLE  

 
 

  UTM_E  

 
 

  UTM_N  

 
 

  ELEV (m)  

 
 

  AZIMUTH  

 
 

  DIP  

 
 

  FROM  

 
 

  TO  

 
 

  LENGTH  

 
 

  Au g/t  

 
 

  MK-21-024  

 
 

  437725  

 
 

  5652960  

 
 

  360  

 
 

  300  

 
 

  -45  

 
 

  54  

 
 

  76  

 
 

  22  

 
 

  2.19  

 
      

  includes  

 
 

  65  

 
 

  66  

 
 

  1  

 
 

  21.00  

 
      

  and  

 
 

  70.5  

 
 

  72  

 
 

  1.5  

 
 

  24.50  

 
          
 

  MK-21-026  

 
 

  437608  

 
 

  5652980  

 
 

  362  

 
 

  190  

 
 

  -50  

 
   

  NSR  

 
 
          
 

  MK-21-027  

 
 

  437718  

 
 

  5652792  

 
 

  360  

 
 

  195  

 
 

  -45  

 
 

  13  

 
 

  14  

 
 

  1  

 
 

  1.64  

 
       

  234  

 
 

  235  

 
 

  1  

 
 

  2.54  

 
       

  247  

 
 

  270  

 
 

  23  

 
 

  0.59  

 
      

  includes  

 
 

  234  

 
 

  265  

 
 

  1  

 
 

  2.76  

 
      

  and  

 
 

  269  

 
 

  270  

 
 

  1  

 
 

  6.31  

 
          
 

  MK-21-030  

 
 

  437725  

 
 

  5652342  

 
 

  380  

 
 

  350  

 
 

  -50  

 
 

  75  

 
 

  100  

 
 

  25  

 
 

  0.52  

 
      

  includes  

 
 

  76  

 
 

  77  

 
 

  1  

 
 

  1.84  

 
       

  90  

 
 

  91  

 
 

  1  

 
 

  1.14  

 
       

  97  

 
 

  100  

 
 

  3  

 
 

  1.41  

 
       

  107  

 
 

  117  

 
 

  10  

 
 

  0.58  

 
      

  Includes  

 
 

  111  

 
 

  112  

 
 

  1  

 
 

  3.57  

 
       

  135  

 
 

  136  

 
 

  1  

 
 

  1.75  

 
       

  153  

 
 

  154  

 
 

  1  

 
 

  1.12  

 
       

  165  

 
 

  187  

 
 

  22  

 
 

  0.52  

 
      

  Includes  

 
 

  173  

 
 

  179  

 
 

  6  

 
 

  1.07  

 
       

  251  

 
 

  263  

 
 

  12  

 
 

  0.63  

 
      

  Includes  

 
 

  253  

 
 

  259  

 
 

  6  

 
 

  1.17  

 
      

  Includes  

 
 

  256  

 
 

  258  

 
 

  2  

 
 

  2.41  

 
 

  Drill core is logged and sampled in a secure core storage facility located in Red Lake, Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited independent 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).  

 

  Drilling at McKenzie Gold Project  

 

  This 2000-meter drill program commenced with the first hole being drilled to test the northern extent of gold mineralization identified by earlier drilling conducted by the Company in April 2021   which included holes MK-21-018 and   MK-21-019, both of which returned significant gold intercepts (see Company news releases dated May 25 and June 1, 2021),   and to test gold mineralization recently identified during a fall targeting and prospecting program conducted north of Perch Lake.  

 

  Selective grab samples obtained during the fall program returned gold assays of ^13.40 grams-per-tonne ("g/t") gold ("Au"), 7.70 g/t Au, 6.83 g/t Au, 3.54 g/t Au, and 3.51 g/t Au, respectively, confirming mineralization in this new area.  

 

  Three  historical trenches and a new showing were also identified during the prospecting program (see image 1).   The trenches are comprised of quartz veins containing clots and patches of semi massive chalcopyrite, pyrite and molybdenite.  The veins are hosted in granite which displays strong pervasive silica flooding.  Local discrete shearing in both trenches trend at approximate attitudes of 330° and dip 70° to 80° to the east, displaying similar trends and lithologies established in the Company's previous drill campaigns.  

 

  This second round of diamond drilling was planned to expand on the results obtained in the Company's previous drill programs.  These programs outlined a broad zone of gold mineralization in the St. Paul's Bay area, located in the southernmost section of the claim block below Perch Lake.  

 

  Significant results from these drill programs include:  

 
  •  

      MK-20-RC-006:   2.75m of 13.25 grams-per-tonne ("g/t") gold ("Au")   , including 1m of 36.20 g/t Au (68.75m to 70.5m)  

     
  •  
  •  

      MK-20-RC-008:   55.5m of 1 g/t Au   (67.5m to 123m), including 16m of 1.42 g/t Au, 6m of 2.37 g/t Au, and 9m of 1.14 g/t Au  

     
  •  
  •  

      MK-21-DD-018:   56m of 1.01 g/t Au   (13m to 69m), including 21.5m of 1.84 g/t Au, 10m of 3.30 g/t Au, and 1m of 23.1 g/t Au.  Other intercepts included 37.6m of 2.78 g/t Au (77m to 115m), including 24.7m of 4.05 g/t Au, 14m of 7.01 g/t Au, and 1m of 94.2 g/t Au.  

     
  •  
  •  

      Th   e entire length of MK-21-DD-018 averaged   .99 g/t Au over 198m  

     
  •  
  •  

      MK-21-DD-019:   136m of 1.25 g/t Au   (148m to 285m), including 44.9m of 3.00 g/t Au, 15.5m of 5.25 g/t Au, 29.4m of 1.82 g/t Au, and 6m of 5.45 g/t Au.  High-grade intercepts included 1m of 59.8 g/t Au, 1m of 15.5 g/t Au, and 1m of 26.7 g/t Au.  

     
  •  
  •  

      Hole MK-21-DD-19 ended in mineralization at 285 meters, with an average grade of the hole returning   .74 g/t Au over 283.4m  

     
  •  

  See Company news releases, September 3, 2020, May 25, 2021, and June 1, 2021, for more details on previous diamond drill programs.  

 

  All reported holes were drilled entirely in a granitic rock of the Dome stock and displayed patchy moderate-to-strong silica alteration. Silica altered intervals are typically associated with high density micro-fracturing and increased molybdenite and chalcopyrite mineralization. Fine-grained fluorescent scheelite was also observed. The granite was strongly magnetic, containing 2-3% fine-grained disseminated magnetite.  

 

    
Click Image To View Full Size
 

 

  Figure 2: McKenzie Gold Project, Red Lake, Ontario, with nearby advanced prospects, producers, and past producers  

 

  About the McKenzie Gold Project  

 

  The 100%-owned McKenzie Gold Project is an approximately 1,400-hectare gold exploration project located in the heart of the historic Red Lake gold camp, in western Ontario, Canada.  Areas of high-grade gold mineralization have been established within the northern portion of the claim block (McKenzie Island), with significant gold values having been drilled along a 600-meter strike in the southern portion of the property (St. Paul's Bay area).  

 

  Significant results from the Company's initial drill program in August 2020 include hole MK-20-006 which returned 2.75 meters of 13.25 g/t Au, including 1m of 36.2 g/t Au; hole MK-20-007 which returned 117.4m of 0.33 g/t Aum including 9.4m of 1.26 g/t Au, and 1.5m of 4.64 g/t Au; and hole MK-20-007, which returned 117.5m of .62 g/t Au, including 55.5m of 1.00 g/t Au, which included 16m of 1.42 g/t Au (including 6m of 2.37 g/t Au and 2m of 4.28 g/t Au), and 9m of 1.14 g/t Au.  See the Company website –    www.nxs.gold    – for the complete McKenzie project drill table.  

 

  Results from the Company's initial summer 2020 drill program returned values similar to historic drilling in the area, which have been typically higher-grade intercepts over narrow widths (i.e., 0.5m to 1m of > 5 g/t Au).  In addition, holes 007 and 008 identified a second style of gold mineralization on the McKenzie property.  These lengthy (> 100m) disseminated, sub and near one-gram gold intercepts more closely resemble the type of mineralization being explored at the Hasaga Project, located approximately 5kms to the south-east of the McKenzie project ground.  

 

  The Hasaga property is host to the past-producing Hasaga and Gold Shore Mines and is strategically located proximal to the Balmer-Confederation regional unconformity, recognized as an important geologic feature at the multi-million ounce past and currently producing Red Lake area mines.  The deposits on the Hasaga Project are estimated as hosting an Indicated mineral resource of 42.294 million tonnes at a grade of 0.83 g/t gold representing 1,123,900 ounces of gold (Indicated)*.  

 

  Nexus Amends Dorset Option Agreement  

 

  Nexus   Gold Corp. (the "Company") is pleased to announce that it has reached an agreement (the "Amended Agreement") with Leocor Gold Inc. ("Leocor") (CSE: LECR), dated February 8, 2022, pursuant to which it has agreed to amend the terms by which Leocor can acquire the Dorset Gold Project (the "Project") located in the Province of Newfoundland.  The Amended Agreement replaces the existing property option agreement (the "Option Agreement") entered into between the Company and Leocor, dated April 22, 2020.  

 

  Under the terms of the Amended Agreement, Leocor will continue to hold a right to acquire up to a one-hundred percent interest in the Project.  Consideration for the acquisition will now consist of the following:  

 
                     
 

  Deadline  

 
 

  Cash Payment  

 
 

  Common Shares  

 
 

  Initial  

 
 

  $100,000 (Paid)  

 
 

  Nil  

 
 

  Year 1  

 
 

  $50,000 (Paid)  

 
 

  Nil  

 
 

  February 28, 2022  

 
 

  $200,000  

 
 

  333,333  

 
 

  February 28, 2023  

 
 

  $200,000  

 
 

  333,333  

 
 

  February 28, 2024  

 
 

  Nil  

 
 

  333,334  

 
 

  Total  

 
 

  $550,000  

 
 

  1,000,000  

 
 

  Leocor will also assume responsibility for a two percent net smelter returns royalty on the Project, currently held by United Gold Inc. and Margaret Duffitt.  All common shares of Leocor issued to the Company will be subject to statutory restrictions on resale for a period of four-months-and-one-day following issuance in accordance with applicable securities laws.  

 

  Alex Klenman is a director and senior officer of both the Company and Leocor, however the Amended Agreement and the Option Agreement are not considered related party transactions within the meaning of   Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions   . The Company and Leocor are considered to be "non-arms' length parties" under the policies of the TSX Venture Exchange, and as a result the Amended Agreement is subject to review by the TSX Venture Exchange.  

 

  The Amended Agreement and the Option Agreement have been reviewed and approved by the independent directors of each of the Company and Leocor, but the acquisition of any interest in the Project by Leocor, under the terms of the Amended Agreement, remains subject to the approval of the TSX Venture Exchange.  

 

  Nexus Appoints Brian Shin to the Board of Directors  

 

  The Company is also please to announce the appointment of Mr. Brian Shin as a Director of the Company effective immediately.  

 

  Mr. Shin specializes in providing financial reporting, corporate finance, auditing, corporate strategy, risk management and other accounting services to both public and private companies in various industries. He holds the professional designation of Chartered Professional Accountant (CPA) in B.C. and Canada and Certified Management Consultant (CMC). Mr. Shin has had extensive experience as a consultant, controller and auditor for numerous publicly traded and private corporations in several industries in multiple countries such as Canada, Hong Kong and South Korea.  

 

  Alex Klenman, President and CEO of Nexus Gold states, "On behalf of Nexus Gold's Board of Directors, I am very pleased to welcome Brian Shin to the Company. We are confident that Brian's experience and perspective will be of great value to Nexus Gold as the Company grows."  

 

  * Reported lengths are intercepts and are not true widths  

 

  ^ Grab samples are selected samples and are not necessarily representative of mineralization hosted on the property.  All samples were sent to   Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis.  

 

  Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario.  Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, 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.  

 

  * NI 43-101 Technical Report, Hasaga Project, Red Lake Mining District, Ontario, Canada, NTS Map Sheets   52K/13 and 52N/04   by   Vincent Jourdain (Ph.D., P.Eng.), John Langton (M.Sc., P. Geo.) & Abderrazak Ladidi (P.Geo.)   ,   February 24   th   , 2017.  

 

   Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person and has reviewed and approved the technical information contained in this release.  Any historic drill and sample data contained in this release was verified by the QP by comparing reported assay data with Certificates of Analysis documented. The QP has verified mineral showings and areas of select sampling and the collars of reported historic drill hole locations.  It is the QP's opinion that the data as presented is adequate and can be relied upon for use in this press 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 focusing 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) 2022 TheNewswire - All rights reserved.

 

News Provided by TheNewsWire via QuoteMedia

NXS:CA
The Conversation (0)
Nexus Gold Provides Update on Public Listing of Nexus Metals

Nexus Gold Provides Update on Public Listing of Nexus Metals

 

(TheNewswire)

 
        
  Nexus Gold Corp. 
                   
 

Nexus Gold CORP. (the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) i s pleased to provide an update on the intended listing of its proposed spinout of Nexus Metals Corp. on the Canadian Securities Exchange (the " CSE ").  Nexus Metals previously applied for listing of its common shares on the CSE following completion of a plan of arrangement involving Nexus Gold Corp.  The Company is continuing to work with CSE staff to advance the application and address remaining requirements to complete the listing

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nexus Gold and Belgravia Hartford Jointly Announce Revised Debt Settlement Transaction

Nexus Gold and Belgravia Hartford Jointly Announce Revised Debt Settlement Transaction

Nexus Gold CORP. (TSXV: NXS) (OTCQB: NXXGF) (FSE: N6E) (the "Nexus Gold") and BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford") (collectively, the "Parties") are pleased to jointly announce that the Parties have entered into a debt settlement agreement (the "Revised Agreement"). Under the Revised Agreement, Nexus Gold will issue a total of 3,600,000 common shares at a deemed price of $0.05 per common share in satisfaction of outstanding indebtedness owing to Belgravia Hartford totalling $180,000. The outstanding indebtedness comprises principal amounts which were previously advanced to Nexus Gold for working capital purposes, along with accrued interest. The common shares issuable pursuant to the Revised Agreement will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the debt settlement remains subject to the approval of the TSX Venture Exchange.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nexus Gold Options the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso

Nexus Gold Options the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso

 

(TheNewswire)

 
        
  Nexus Gold Corp. 
                   
 

Vancouver, Canada TheNewswire - June 7, 2023 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce it has signed an option agreement to acquire a 90% interest in the 6,200-ha (62km²) Fofora Gold Project exploration permit located 450km to the southwest of Ouagadougou, Burkina Faso, West Africa.  The Company can earn up to a 90% interest in the property by making a combination of cash USD $300,000 and 500,000 share payments over 54 months.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nexus Gold Closes First Tranche of $1 Million Private Placement and Files Amended and Restated Offering Document

Nexus Gold Closes First Tranche of $1 Million Private Placement and Files Amended and Restated Offering Document

 

(TheNewswire)

 
        
  Nexus Gold Corp. 
                   
 

Nexus Gold CORP. ("Nexus" or the "Company") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce that it has closed the first tranche of its non-brokered $1 million private placement, as described in its press release of April 14, 2023 (the " Offering ") and has issued 10,000,000 units of the Company (each, a " Unit ") at a price of $0.05 per Unit for aggregate proceeds of $500,000

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Nexus Gold Signs LOI to Acquire the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso

Nexus Gold Signs LOI to Acquire the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso

 

(TheNewswire)

 
        
  Nexus Gold Corp. 
                   
 

 

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Bert Dohmen

Bert Dohmen: Gold, Silver Key as Stock Market Bull Trap Looms

Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.

"We said we're probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It's going to be by a small amount a new high, and that's going to close the bull trap," he said.

Keep reading...Show less
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

Gold continued to perform well through the second quarter of 2025, reaching a new all-time high of AU$5,425 per ounce on April 22.

The price surge has occurred amid volatile equity and financial markets since the start of the year, driven by concerns over a global trade war and escalating geopolitical tensions in the Middle East.

The rising gold price has also been supported by uncertainty over a looming debt crisis in the United States. Some investors have turned away from dollar-denominated haven assets, such as US Treasuries, in favour of precious metals like gold.

Keep reading...Show less
Gold nugget displayed on an antique balance scale with a dark background.

Meeka Metals Reports First Gold Pour at Murchison Project

Meeka Metals (ASX:MEK) has poured the first gold at its flagship Murchison project in Western Australia.

The pour happened on Tuesday (July 1), and in a Wednesday (July 2) press release, the company said the project’s production is in line with schedule, happening within 12 months of breaking ground.

Murchison sits near several multimillion-ounce gold mines and hosts a large, high-grade resource of 1.2 million ounces at 3 grams per tonne (g/t) gold on granted mining leases.

Keep reading...Show less
Sun Summit Minerals (TSXV:SMN)

Sun Summit Minerals

Keep reading...Show less

Latest Press Releases

Related News

×