Mr. Peter Berdusco reports
NEXUS GOLD DRILLS 34 METERS OF 1.00 G/T AU, INCLUDING 4 METERS OF 5.60 G/T AU, AT RAKOUNGA GOLD CONCESSION
Nexus Gold Corp. has released assay results from its reverse circulation drill program on its Rakounga gold exploration permit located 100 kilometres north of Ouagadougou, Burkina Faso, West Africa.
Significant results were returned from drilling at the Koaltenga orpaillage where drill holes RKG-17-RC-008 returned 34 metres of one gram per tonne gold, including four metres of 5.6 g/t Au, and drill hole RKG -17-RC-009, which returned 22 metres of 0.57 gram per tonne gold, including four metres of 2.01 g/t Au.
The RC drill program was designed to test three artisanal workings, namely Koaltenga, Porphyry and Gounga. A total of 10 holes were drilled on the Koaltanga while five holes were drilled on each of the Porphyry and Gounga orpaillages, respectively. The program was designed to test for gold mineralization extent along strike and to depth of structures being worked by the artisanal miners.
Significant results of the completed 10-hole Koaltenga drill program are shown in the table.
KOALTENGA
Hole From (m) To (m) Length (m) Grade (g/t)
RKG-17-RC-001-50 102 128 26 0.82
Includes 108 110 2 4.11
110 112 2 2.44
112 114 2 2.36
RKG-17-RC-002-50 108 140 32 1.01
Includes 112 114 2 2.36
114 116 2 2.99
116 118 2 3.10
120 122 2 5.65
RKG-17-RC-003-50 108 114 6 1.07
RKG-17-RC-006-50 84 88 4 1.38
106 122 16 0.34
RKG-17-RC-008-50 102 136 34 1.00
Includes 116 118 2 1.80
124 126 2 1.76
126 128 2 6.05
128 130 2 5.09
RKG-17-RC-009-60 134 156 22 0.57
Includes 134 138 4 2.01
* Note: The company incorrectly reported the intercept from hole RKG-17-RC-006
of 1.38 grams per tonne as occurring in drill hole RKG-17-RC-005 in its previous
news release, dated Nov. 16, 2017.
All reported results are intercept lengths and are not true widths.
"The drill program at Koaltenga has successfully identified a broad zone of gold mineralization extending over 300 metres along strike and to depths of 80 metres below surface," said senior geologist, Warren Robb. "Three separate intercepts of near a gram over 30 metres is compelling. This structure remains open along strike both to the northeast and southwest and to depth."
"The workings at Koaltenga extend for at least another 300 metres to the northeast. Given the intercepts we have encountered thus far, the workings to the northeast will constitute our primary target for our next round of drilling. The fact that each of these board intercepts contained zones running four to six grams suggests a prominent primary structure which has permeated out into the surrounding schists and volcanic rocks enriching the gold values there, should we be fortunate enough to see this trend continue it would certainly enhance any potential economics to the project," continued Mr. Robb.
Drilling from the Porphyry orpaillage located about 800 metres southeast of the Koaltanga orpaillage was tested with five holes. Gold mineralization was encountered in four of the five holes highlights are tabled.
PORPHYRY
Hole From (m) To (m) Length (m) Grade (g/t)
RKG-17-RC-013-50 58 90 40 0.19
Includes 68 78 10 0.29
RKG-17-RC-014-50 108 148 40 0.19
Includes 110 128 18 0.25
RKG-17-RC-015-50 38 80 42 0.26
"We did not encounter gold values as high as we did at Koaltenga, but the fact that we have intercepted anomalous gold values over lengths of up to 38 metres attests to the gold enrichment occurring within this area of the permit and may be indicative of a larger gold system occurring around the intrusive rocks at the Porphyry orpillage," commented Mr. Robb.
GOUNGA
Hole From (m) To (m) Length (m) Grade (g/t)
RKG-17-RC-017-50 124 168 44 0.11
RKG-17-RC-019-50 30 48 18 0.11
RKG-17-RC-020-50 152 174 22 0.19
Results from Gounga were generally low given the extent of the workings on surface. Drill holes RKG-17-RC-17, RKG-17-RC-019 and RKG-17-RC-20 did return anomalous values from a black mudstone with abundant pyrite occurring along bedding planes.
"The company is extremely encouraged by the assay results returned from the drilling at Rakounga, given its proximity to the company's adjacent Bouboulou permit," said Mr. Robb. "These current drill results now outline a trend of gold occurrences extending for 16 kilometres, from the Pelatanga workings occurring on the Bouboulou 1 permit to the Koaltenga workings centrally located on the Rakounga permit. The company is currently formulating an exploration program that will outline the economic potential of its known gold showings and outline further gold occurrences," continued Mr. Robb.
About the Rakounga -- Bouboulou gold concessions
The 250-square-kilometre Rakounga concession borders the company's 38-square-kilometre Bouboulou concession. The company recently announced results from its maiden diamond drill program at Bouboulou, with nine of the first 10 holes successfully intersecting gold. Highlights of that program include 4.41 g/t Au over 8.15 m, including 23 g/t Au over one metre, 5.21 g/t Au over 3.05 m, including 15.50 g/t Au over one metre, and 1.04 g/t Au over 23 m. To date, a total of eight gold-bearing zones have been identified at the Bouboulou and Rakounga concessions.
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 project consists of the 38 square km Bouboulou claims and the adjacent 250 square km Rakounga gold concession. 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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