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Nexus Gold Corp (2)
Symbol NXS
Shares Issued 34,634,502
Close 2018-06-21 C$ 0.365
Market Cap C$ 12,641,593
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Nexus Gold begins 4,000-metre drilling in Burkina Faso

2018-06-21 12:09 ET - News Release

Mr. Alex Klenman reports

NEXUS GOLD TO DRILL 4000 METERS AT BOUBOULOU-RAKOUNGA AND NIANGOEULA CONCESSIONS, BURKINA FASO

Nexus Gold Corp. has commenced a 4,000-metre reverse circulation drill program at its three Burkina Faso projects. The summer drill program will begin immediately and will consist of approximately 2,000 metres of reverse circulation drilling on the Rakounga exploration permit and 1,000 metres on each of the Bouboulou and Niangouela exploration permits.

Rakounga

At the 250-square-kilometre Rakounga concession, the drill program is designed to test the strike extension of the Koaltenga zone, which to date has returned intercepts of 32 metres averaging 1.01 grams per tonne gold (including six metres of 2.81 grams per tonne gold and two metres of 5.65 grams per tonne gold) from hole RKG-17-RC-002; 34 metres of 1.00 gram per tonne gold (including four metres of 5.57 grams per tonne gold) from hole RKG-17-RC-008; and 26 metres of 0.82 gram per tonne gold (including two metres of 4.11 grams per tonne gold and four metres of 2.60 grams per tonne gold) from hole RKG-17-RC-001 (see the company's news release dated Dec. 13, 2017).

In addition, the company will be testing two newly identified orpaillages, or zones of artisanal mining activity. The first is termed the Porph 2 orpaillage and is located approximately 400 metres southwest of the previously tested porphyry zone, which returned anomalous gold intercepts in drill holes RKG-17-RC-014 (40 metres of 0.19 gram per tonne gold) and hole RKG-17-RC-015 (42 metres of 0.26 gram per tonne gold) (see the company's news release dated Dec. 13, 2017).

The second newly found orpaillage, termed BBL-South, is centrally located in the Rakounga permit. The two workings at BBL-South are believed to be the strike extension of the B2 trend previously identified on the adjacent Bouboulou property. The BBL-South area is located approximately 7,800 metres southwest of the Bouboulou 1 zone.

"We're looking to build on the successes we've already had at Koaltenga by drill testing the newly discovered areas," said Warren Robb, vice-president of exploration. "We are pleased about the BBL-South find as this helps to define the B2 trend over what could be a significant distance," continued Mr. Robb.

Bouboulou

At the 38-square-kilometre Bouboulou concession, the company will drill areas proximal to the previously identified Koala and Pelatanga zones. Drilling in 2017 at Koala returned intercepts of three metres of 5.21 grams per tonne gold (including one metre of 15.50 grams per tonne gold) from drill hole BBL-17-DD-007 and 8.15 metres of 4.41 grams per tonne gold (including one metre of 23 grams per tonne gold) from drill hole BBL-17-DD-008 (see the company's news release dated Oct. 5, 2017). Targeting will test the newly found Rawema South zone, which has returned rock samples of 2.40 grams per tonne gold and 5.56 grams per tonne gold (see the company's company news release dated Feb. 28, 2018).

Niangouela

At the 176-square-kilometre Niangouela concession, the company will be testing a newly found orpaillage occurring three kilometres to the northeast of the primary quartz vein system drilled in January, 2017. The initial drill program at Niangouela produced several mineralized intercepts of note, including 6.20 metres of 4.00 grams per tonne gold (including one metre of 20.50 grams per tonne gold) from drill hole NGL-17-DD-006 and 4.85 metres of 26.69 grams per tonne gold (including 1.03 metres of 132 grams per tonne gold) (see the company's news releases dated March 7, 2017, and April 5, 2017).

"This summer drill program, in addition to our current soil grid program, represent significant steps in the development of our Burkina assets," said Alex Klenman, president and chief executive officer.

"One of the primary goals of these programs at the combined Bouboulou-Rakounga concessions is to increase the size of the overall mineralized footprint while generating data to help establish the nature of the proximal relationship of the known gold zones. Niangouela is an earlier-stage project, but the high-grade discovery we made there last year makes this a compelling project to pursue. We're looking forward getting back up there and exploring the new zone," continued Mr. Klenman.

About Nexus Gold Corp.

Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of its three current projects.

Warren Robb, PGeo, vice-president, exploration, 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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