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

(TheNewswire)

Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce it has signed a non-biding letter of intent 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 Fofora permit is located on the eastern side of the Hounde greenstone belt in the Kampti department; in the province of Poni, near the border with Cote D'Ivoire. The Hounde Greenstone Belt is host to several large-scale operating gold mines, including Endeavour's Mana and Hounde Mines, Futurna Silver's Yaramoko Mine as well as multiple other producing mines and large-scale discoveries.

"We're pleased to potentially add this highly prospective project to our existing West African portfolio," said CEO, Milad Zareian. "The gold endowment in West Africa, and specifically in Burkina Faso, is well established. The potential for further impactful discoveries, for the delineation of additional sizeable resources, is as good as any place on the planet. We are eager to move Nexus forward and begin to develop our projects. We have work to be done, but we're committed to increasing our market cap and unlocking the value of our projects," continued Mr. Zareian.

Click Image To View Full Size

Fig 1: Nexus Gold projects, significant deposits/mines, Burkina Faso, West Africa

Historical work on the Fofora property has consisted of soil geochemistry and silt sampling completed in 2008 by Volta Resources. This early work outlined a two-kilometer northeast-southwest trending soil anomaly straddling the contract between andesitic rocks and basaltic rocks within the Hounde greenstone belt.

Historical silt sampling with the permit area was also completed in 2008 with 38 silts samples being collected from drainage and seeps on the property. Values ranged from 1 ppb gold to 327 ppb gold. An Initial reconnaissance program was attempted in January but due to flooding in the area the program was cut short. Despite this delay the Company geologists were able to access one artisanal operation and collected three samples which returned gold values of 9.8 grams per tonne ("g/t") gold ("Au"), .108 g/t Au, and 0.056 g/t Au respectively.

Click Image To View Full Size

Fig 2: Fofora Gold Project, adjacent to Fortuna's Boussoura project, Burkina Faso, West Africa

The property is immediately adjacent and contiguous to Fortuna Silver's Boussoura Project . Historical drill results reported by Roxgold (now Fortuna Silver) returned the following results:

35 metres ("m") at 4.1 grams per tonne ("g/t Au") in drill hole BSR-21-RC-FFR-218 from 86m including:
- 9m at 12.1 g/t Au from 96m
6m at 11.3 g/t Au in drill hole BSR-21-RC-FFR-167 from 90m including:
- 1m at 65.6 g/t Au from 94m
2m at 11.7 g/t Au in drill hole BSR-21-RC-FFR-187 from 37m including:
- 1m at 20.9 g/t Au from 38m
3m at 33.6 g/t Au in drill hole BSR-21-RC-FFR-201 from 6m

As part of its due diligence the company will be conducting further ground follow up on the Fofora permit to identify suitable target areas for drill testing.

Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person and has reviewed and approved the technical information contained in this release. It is the QP's opinion that the data as presented is adequate and can be relied upon for use in this press release.

* Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the Company's properties.

About the Company

Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of projects in West Africa. The Company will continue development of assets in West Africa in addition to potentially broadening its scope to include other jurisdictions.

For more information, please visit nxs.gold

On behalf of the Board of Directors of

Nexus Gold CORP.

Milad Zareian

CEO

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.

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Nexus Gold Provides Update on Public Listing of Nexus Metals

(TheNewswire)

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

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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.

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

(TheNewswire)

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.

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

(TheNewswire)

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

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Nexus Gold Announces Management Changes

(TheNewswire)

Vancouver, Canada February 28, 2023 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce the appointment of Milad Zareian as CEO, replacing Alex Klenman, who will remain as a director. Mr. Zareian, who has been with the Company as Vice President, Operation, since September of 2022, brings over 10 years experience working with both private and public companies in a variety of capacities. He has been directly involved with new public listings and start-ups, having led financing, shareholder communications and business development initiatives for multiple companies.

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Horizon Minerals Limited Placement for Project Development

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on funding initiatives for project development which may potentially include retiring or refinancing debt.

HIGHLIGHTS

- Horizon has negotiated and executed a Share Subscription Agreement (SSA) with Golden Crane Holdings Limited, for a two tranche Private Placement to issue a total of 213,888,888 ordinary shares at $A0.045 for A$9,625,000 in cash

- Funds to be used for existing and further project development and potentially for the retiring or refinancing of debt

- Horizon approved the development of Boorara in late July 2024 to mine a series of four open pits containing 1.24Mt of ore at 1.24g/t Au for 49.5koz of gold

- The first ore stockpile of 54,380 tonnes has undergone assaying and metallurgical test work and is being hauled to the Paddington mill for first gold production which is imminent

- Mining at Phillips Find commenced during October 2024 by Joint Venture (JV) with BML Ventures Pty Ltd (BML) and first gold bearing ore is now being mined. Processing of 200kt will commence in February 2025 at FMR Investments Pty Ltd, Greenfields Mill and complete by the end of June 2025.

Placement

The Placement involves the issue of 213,888,888 new fully paid ordinary shares (New Shares) at an issue price of $0.045 per share for total funds to be received of A$6,345,000 (less 2.5% broker fee). The Placement will be completed in two tranches:

- Tranche 1: 141,000,000 New Shares issued Monday to an unrelated party for A$6,345,000 utilising available placement capacity under ASX listing rule 7.1

- Tranche 2: 72,888,888 New Shares issued in the next few months (with timing dependent on Foreign Investment Review Board approval, if required) to an unrelated party for A$3,280,000 utilising available placement capacity under ASX listing rule 7.1A in respect of the issue of 1,967,021 New Shares and the balance of 70,921,867 New Shares will be issued pursuant to listing rule 7.1.

Commenting on the mining progress, Managing Director and CEO Mr Grant Haywood said:

"We are very pleased to have the support of a new private equity investor who has committed to provide $9.625 million to fund the Company's ongoing project developments at Boorara and Phillips Find Project. With the gold price at all-time highs, we look forward to ongoing gold production from Boorara and Phillips Find, and further production optionality in the future from our advanced suite of development ready assets."

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Lode Gold Updates US OTC Market Symbol to LODFF

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The company's common shares, which were previously traded under the ticker symbol LODFF on the OTCQB, will now be traded on the OTCQX under the same symbol LODFF, starting from December 10th, 2024. Lode Gold Resource will still be trading on the TSX Venture Exchange in Canada under the symbol LOD.V.

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Pinnacle Provides Reminder on the Company's Upcoming Annual General Meeting

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA TheNewswire - January 09, 2025 (TSXV: PINN; OTC:NRGOF; Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") wishes to remind shareholders that the company's annual general meeting is set to take place virtually on January 10, 2025, at 11:00am, for the following purposes:

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Grande Portage Resources Initiates Sensor-Based Ore Sorting Testwork

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As previously announced, the Company's Conceptual Mining Plan envisions the development of the New Amalga gold mine as a selective underground mining operation which would send ore off-site to be processed at a third-party facility, enabled by the project's location near tidewater and less than 4 miles (6.5km) from existing paved highway (Fig 1). This results in a dramatically reduced mine site footprint due to the avoidance of chemical processing and tailings storage facilities. Processing options include potential use of third-party concentrator facilities around the Pacific Rim or direct shipment to smelters in East Asia.