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Nexus Gold Corp.
Summary
| Project: | Niangouela | |
|---|---|---|
| Deposit: | Niangouela | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 3/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-3-2017: Nexus Gold Corp. announces an Exploration/Drilling Update report for its Niangouela deposit at the Niangouela project. Drilling results incl. 4.85m @ 26.69g/t Au from 57.0m. Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Robb (Internal) | |
| ABSTRACT: | Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to announce initial assay results from its phase one diamond drill program conducted on the 178-square kilometer Niangouela exploration permit located approximately 85 kilometers north of Ouagadougou, Burkina Faso. The first phase diamond drill program was designed to test anomalous rock samples collected from underground artisanal workings and anomalous Rotary Air Blast (RAB) drilling completed by the company in December 2016. This initial program successfully intersected gold mineralization in eight of the first nine holes drilled on the concession. The mineralization was contained in a silicified shear zone occurring in the host granite, associated with the shear was primary quartz veins. The drill program tested the shear zone for over 200 metres along strike and intercepted the zone to depths of 105 metres below surface. The shear zone remains opens along strike and to depth. Additional artisanal workings have been discovered occurring along strike of the shear zone another 800 metres to the east of the drill area. "We're very pleased with the early assay results, with eight of the first nine holes returning gold mineralization," said president & CEO, Pete Berdusco. "We've been able to follow up our excellent sampling results now with high grade drill intervals. These are the first ever drill holes at Niangouela, and we're already seeing intercepts with potential economic promise. This is very encouraging, given how early we are in our exploration program, and how open the mineralized zone is. We will continue to drill the target areas in the coming months to identify further mineralized zones along the strike length." | |
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