Mr. Peter Berdusco reports
NEXUS GOLD RECEIVES NEW PERMIT FOR BOUBOULOU GOLD CONCESSION, BURKINA FASO, WEST AFRICA
Nexus Gold Corp. has received a new work permit for its Bouboulou gold concession located in Burkina Faso, West Africa. The new permit is for an initial term of three years and can be renewed twice for a total term of nine years.
"The new permit puts Nexus in a favourable position with respect to our developmental timeline at Bouboulou and Burkina Faso in general. With numerous complex mineralized zones, this ensures that the property can be effectively explored, developed and advanced in all areas," said president and chief executive officer Peter Berdusco. "The new permit now gives us the opportunity to timeline the development of the Bouboulou project to its full potential. In combination with our Niangouela project, this is an important advancement for the company and brings us a step closer to becoming a significant exploration and development company in West Africa," continued Mr. Berdusco.
About the Bouboulou gold concession
The Bouboulou exploration permit covers an area of 38.8 square kilometres approximately 75 kilometres northwest of the capital Ouagadougou and is accessible by paved road. The Bouboulou permit is located on the Boromo-Goren greenstone belt and is bisected by the Sabce shear zone.
This regional northeast-trending structure hosts numerous artisanal workings along its 120-kilometre length and hosts the Bissa Hills deposit presently being mined by Norgold. Three five km anomalous gold trends exist on the property along with numerous artisanal zones (orpaillages).
Gold mineralization was first identified at Bouboulou by Boliden in 1997 where a regional rotary air blast (RAB) drilling program outlined a broad northeast-trending gold anomaly measuring 13 km by two km over what is now the Bouboulou permit. The concession was then explored by Riverstone Resources and Roxgold Inc.
Highlights of these surface exploration programs include surface rock sampling and trenching that returned gold grades from 1.09 to 19.16 grams per tonne. Four zones of gold mineralization have been identified on the property, termed Koala, Rawema, Bouboulou 2 and Pelgtanga. Roxgold later completed reverse circulation (RC) and diamond drilling (DD) to test the four mineralized zones.
HISTORICAL DRILLING HIGHLIGHTS FROM EACH OF THE FOUR ZONES
Depth From To Int. Au
Hole (m) (m) (m) (m) (g/t) Zone
BBL-11-RC-006 115 70 110 40 1.548 Bouboulou 2
includes 70 90 20 2.255
and 100 110 10 1.422
BBL-11-RC-013 109 74 109 35 2.209 Rawema
includes 74 86 12 5.455
BBL-11-RC-020 103 40 50 10 2.844 Koala
includes 42 44 2 12.450
BBL-11-RC-027 120 90 114 24 1.36 Bouboulou 2
BBL-11-RC-042 114 52 54 2 3.80 Pelgtanga
BBL-11-DD-002 127 42 44 2 5.43 Rawema
BBL-11-DD-003 142 56 58 2 5.33 Bouboulou 2
78 82 4 12.53
BBL-11-DD-005 179 74 80 6 4.62 Rawema
includes 77.7 78 0.3 81.32
BBL-11-DD-008 198 125 127 2 2.55 Koala
* The above reported data are drill intercept lengths and not
true widths.
Bouboulou trend analysis
The company has compiled historical data including airborne geophysics, rotary air blast (RAB) drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages (zones of artisanal gold mining). The compiled data reviewed consist of over 7,000 assays collected between 2011 and 2012.
These data display three strong coincidental geochemical and geophysical anomalous gold trends. These trends extend from the four drill-identified mineralized zones, namely Rawema, Pelgtanga, Bouboulou 2 and Koala. Each of the three trends extends in length for 5,000 metres (five km). They are identified by numerous orpaillages and geochemical samples of greater than one gram per tonne gold.
All three of the Bouboulou trends identified are defined by similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them or along the trend.
A map of the Bouboulou trends can be found on the company's website.
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 the 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 a Vancouver-based gold exploration and development company operating in some of the world's premier mining districts. The company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38 square km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178 square km project featuring high-grade gold occurring in and around a primary quartz vein one km in length and associated shear zone.
Warren Robb, PGeo, 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.
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