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Nexus Gold Corp (2)
Symbol NXS
Shares Issued 37,985,432
Close 2018-08-30 C$ 0.235
Market Cap C$ 8,926,577
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Nexus sampling outlines 15 km gold trend at Rakounga

2018-08-30 09:50 ET - News Release

Mr. Alex Klenman reports

NEXUS GOLD SOIL SURVEY IDENTIFIES 15KM GOLD TREND BETWEEN RAKOUNGA AND BOUBOULOU CONCESSIONS

Nexus Gold Corp. has received results from its recently completed 105-line-kilometre soil sampling survey conducted on the Rakounga exploration permit located 109 kilometres northwest of the capital city of Ouagadougou, in Burkina Faso, West Africa.

The survey was designed to investigate the gold-bearing potential on the permit ground occurring between the Koaltenga gold zone, located near the western boundary of the Rakounga concession, and Pelatanga-Rawema gold trend, on the company's adjacent Bouboulou exploration permit.

Results from the survey successfully identified an anomalous gold trend which extends for approximately 7,000 metres (seven kilometres) along the southwest-northeast axis and broadens to widths of 2,500 metres. The newly identified 7,000-metre gold trend at Rakounga aligns with the five-kilometre Pelatanga-Rawema (PR) trend previously identified on the adjacent Bouboulou concession, indicating the mineralized footprint at the combined Bouboulou-Rakounga concessions now exceeds 15 km in length.

"The goal of the soil grid program was to establish continuity of the gold trends at Bouboulou onto the adjacent Rakounga concession," said president and chief executive officer Alex Klenman. "The results indicate a sizable trend extends from the northeast of Bouboulou to the southwest of Rakounga. We're pleased with the results, that's a big footprint, and suggestive of the potential at Rakounga," continued Mr. Klenman.

"It is impressive how the geochemical data highlights the gold trend coming off the Bouboulou ground," said senior vice-president of exploration Warren Robb. "We will combine this data with the regional geophysics data to identify any coincidental anomalies, and then look to test those anomalies along the trends," continued Mr. Robb.

Prior drilling by the company at Koala, along the northeastern part of the trend, returned several intercepts of note, including 5.21 grams per tonne gold over 3.05 metres, including 15.50 g/t Au over one metre (hole BBL-17-DD-07), and 4.41 g/t Au over 8.15 metres, including 23 g/t Au over one metre (hole BBL-17-DD-08) (see company news release dated Oct. 5, 2017).

Previous drilling conducted by the company at Koaltenga, at the southwestern extension of the trend, returned significant results including 1.01 g/t over 32 metres (including 5.65 g/t Au over two metres and 2.81 g/t Au over six metres in hole RKG-17-RC-002) and 1.00 g/t gold over 34 metres (including 5.57 g/t Au over four metres in hole RKG-17-RC-008) (see company news release of Dec. 13, 2017).

The survey covered an area underlain by the Sabce fault zone, a prominent structural feature which extends about 200 kilometres across the Goren greenstone belt.

The 105-line-kilometre geochemical soil survey included line spacing of 400 metres with samples collected at stations established along the lines at intervals of 50 metres. A total of 1,960 samples were submitted to Actlabs for analysis at its laboratory in Ouagadougou, Burkina Faso. The soil samples were analyzed utilizing the Au cyanidation atomic absorption method. In addition to the laboratory's internal quality assurance/quality control procedures the company maintained its own QA/QC protocol of inserting standards, blanks and duplicates into the sampling stream.

About the company

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. The 38 square km Bouboulou project comprises no less than five established gold zones contained within three separate five km gold trends. The adjacent 250 square km Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of mineralization.

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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