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Nexus Gold Corp
Symbol NXS
Shares Issued 125,112,032
Close 2017-05-11 C$ 0.19
Market Cap C$ 23,771,286
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Nexus Gold completes drilling at Niangouela

2017-05-11 12:45 ET - News Release

Mr. Peter Berdusco reports

PHASE TWO DIAMOND DRILL PROGRAM COMPLETED AT NIANGOUELA; BOUBOULOU DRILLING TO COMMENCE

Nexus Gold Corp. has provided updates from its two gold exploration projects in Burkina Faso, West Africa.

Phase 2 drill program at Niangouela completed

The company is pleased to report that it has completed its phase 2 diamond drill program at the 178-square-kilometre Niangouela exploration permit, located approximately 85 kilometres north of Ouagadougou. The completed drilling included the remaining phase 1 holes (approximately 500 metres) and an additional 2,000 metres comprising the phase 2 program. A total of 18 holes, consisting of 2,572 metres, were drilled in this latest round.

Eleven of the holes drill tested the westerly strike and dip extension of the main quartz-shear zone. Of the remaining seven holes, three tested the eastern extension of the main zone and four tested two of the newly identified zones (see news release of May 3, 2017).

In addition, the company also completed a trenching program, which consisted of six trenches totalling 384 metres. Three of the six trenches were designed to test the easterly strike extension of the main zone identified in phase 1 drilling and to expose the trends of the mineralization identified by surficial mapping conducted by the company. The remaining three trenches were dug to test newly discovered zones.

The phase 2 diamond drill program at Niangouela was undertaken to test the dip and strike extensions of gold mineralization identified by the company in its initial phase 1 program. The program also tested additional targets identified through surface mapping and prospecting. To date, the company has completed 4,020.5 metres of diamond drilling at Niangouela. Results from the latest program will be released once received, reviewed and verified.

Previously announced phase 1 drill results can be found on the company's website.

Bouboulou drill program planned

The company is now planning to commence a previously announced diamond drill program at its 38.8-square-kilometre Bouboulou gold concession. Mobilization is set to commence mid-June. A total of 2,000 metres of diamond drilling is scheduled for phase 1. Bouboulou is located approximately 75 kilometres northwest of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone.

Four zones of gold mineralization have been previously identified on the property, termed Koala, Rawema, Bouboulou 2 and Pelgtanga. Bouboulou phase 1 drilling will initially test the Rawema and Bouboulou 2 zones, to depths of approximately 150 metres to 175 metres.

In 2011 and 2012, Roxgold Inc. completed reverse circulation and diamond drilling programs to test these four mineralized zones. Historical drilling highlights from each of the four zones can be found on the company's website.

The company has subsequently identified three distinct 5,000-metre-long (five kilometres) anomalous gold trends at the Bouboulou concession. Each of the three trends display strong coincidental geochemical and geophysical gold anomalies and extend from the four drill-identified mineralized zones, namely Rawema, Pelgtanga, Bouboulou 2 and Koala. They are identified by numerous orpaillages and geochemical samples of greater than one gram per tonne gold. All three of the Bouboulou trends display similar coincidental anomalies. Each trend has substantial artisanal workings either directly on them or along trend.

A map of the three trends can be seen 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 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 Nexus Gold Corp.

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-kilometre advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-square-kilometre project featuring high-grade gold occurring in and around a primary quartz vein one kilometre 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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