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Nexus Gold Corp
Symbol C : NXS
Shares Issued 96,633,463
Close 2016-12-22 C$ 0.075
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Nexus Gold completes RAB drilling at Niangouela

2016-12-22 09:42 ET - News Release

Mr. Peter Berdusco reports

NEXUS GOLD COMPLETES RAB DRILLING AT NIANGOUELA GOLD CONCESSION, BURKINA FASO, WEST AFRICA

Nexus Gold Corp. has completed its previously announced RAB (rotary air blast) drilling program at the 178-square-kilometre Niangouela gold concession, Burkina Faso, West Africa.

The RAB drill program consisted of 30 holes totalling 802 metres and was conducted in a grid pattern to test the orientation and extent of a previously identified primary quartz vein. Historical assays of 5.93 grams per tonne gold, 4.83 grams per tonne gold and 4.12 grams per tonne gold over sample lengths of two metres, respectively, have been returned from trenching over the vein. In addition, recent rock samples taken from the dumps of local artisanal miners currently working the vein returned 2.49 grams per tonne gold.

The program was designed to test the top 30 metres of saprolitic rock. Samples were collected over three-metre intervals and were shipped to Actlabs in Ouagadougou, Burkina Faso.

"We are really pleased with the speed and efficiency of this RAB program. The material we observed from the drilling allows us to roughly trace the trend of this vein. Once we get the assays back, we hoping to identify potential shoots of higher-grade mineralization," stated senior geologist Warren Robb, PGeo.

About the Niangouela gold concession

The Niangouela concession is located on the Boromo greenstone belt, same as the company's Bouboulou gold concession, and is proximal to the Kalsaka deposit and the Sabce shear zone. It is road accessible and has one major orpaillage (artisanal working).

To date, 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1,137 samples have been collected. Previous programs have identified a zone which runs east-northeast and west-southwest occurring in the south-central part of the concession. This zone has returned gold-in-soil samples up to 34 grams per tonne gold, rock samples have returned values up to 18 grams per tonne gold, and trenching has returned values of 4.85 grams per tonne gold over 10 metres.

About Burkina Faso

Burkina Faso is a landlocked nation located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining-and-foreign-investment stance. Burkina Faso is the fastest-growing gold producer in Africa, and was the fourth-largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. The greenstone belts that host all of the major deposits in Ghana and Ivory Coast continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining underexplored in comparison with neighbouring Ghana and Mali, both of which host world-class gold mines in the same belts of Birimian rocks.

About the company

Nexus Gold is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-square-kilometre advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization, and the Niangouela gold concession, a 178-square-kilometre project featuring numerous historical gold occurrences.

Mr. Robb, senior geologist, is the designated qualified person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

We seek Safe Harbor.

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