GOLD EXPLORATION AND DEVELOPMENT IN WEST AFRICA AND CANADA

TSX.V: NXS / OTCQB: NXXGF

 
Nexus Gold is a gold exploration and development company with multiple projects in Canada and West Africa.

Management and geological team has significant experience and a successful track record in gold exploration, discovery, and development through PEA to mining stage.

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WEST AFRICA
  • District scale land packages totalling over 750-sq kilometers (75,000 hectares)
  • Located on proven and prolific gold belts
  • Drill programs have established multiple mineralized zones
  • Early to advanced stage exploration projects
CANADA
  • Six 100% owned and controlled projects in three provinces
  • Over 5,000 hectares of prospective ground, within premier mining districts
  • Strong historical data and recent work suggests high-grade potential
  • Gold, copper and silver exploration targets
TSX-V: NXS
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$NXS.V $NXXGF Rig set up, hole #12, McKenzie Gold Project, Red Lake, Ontario. Hole #13, which will go a little deeper than the others, will be underway shortly. More updates to come. #Drilling #Gold #RedLake #Discovery

$NXS.V $NXXGF More core from the McKenzie #Gold Project, Red Lake, ON. Photo from hole #8, featuring quartz+K-feldspar+Plagioclase+Biotite+Amphibole rich granite with patchy moderate to strong silica alteration, and visible molybdenum & chalcopyrite. Drilling continues...

$NXS $NXXGF Drilling continues at the McKenzie Gold Project, Red Lake, Ontario. Hole #10 is now complete. Photo here is of fluorescing scheelite at 85m depth in hole #8. More to come.

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West African Projects

The Bouboulou exploration permit covers an area of 38.8 square kilometres approximately 75 kilometres north-west 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 north-east trending structure hosts numerous artisanal workings along its 120-kilometre length and also hosts the Bissa Hills deposit presently being mined by Nordgold.  Three 5km anomalous gold trends exist on the property along with numerous artisanal zones (orpaillages).

The 250-square kilometre Rakounga gold property is contiguous to the Company’s Bouboulou gold concession. The Property borders Bouboulou on the west and south sides and hosts the Bouboulou 1 gold showing, which is the southern extension of the Bouboulou 2 trend. Bouboulou 1 is an active orpaillage with shaft workings that extend down approximately 80 metres.

The Niangouela exploration permit covers 178 square kilometres and is located on the Boromo Greenstone Belt, same as the Company’s Bouboulou gold concession. It is proximal to the Kalsaka deposit and the Sabce shear zone. The property is road accessible and has one major orpaillage (artisanal workings).

Sampling results indicate the presence of high-grade gold occurring within the primary quartz vein and the sheared intrusive envelope.

The 198-square kilometer property lies immediately south of the Company’s 178-sq km Niangouela concession (see figure 1) which has been explored over the past two years. Sampling at Niangouela returned bonanza-grade gold values, including 2,950 grams-per-tonne (“g/t”) gold (“Au”), 403 g/t Au, and 49.8 g/t Au.

Canadian Projects

The McKenzie gold project is a 1,348.5-hectare property located in the heart of the Red Lake gold camp. The highly prospective geological setting is analogous to several past producers. McKenzie hosts nine documented historical gold occurrences with limited exploration.

The New Pilot Project is a gold-copper exploration property located in the Bridge River Mining Camp, approximately 180 kilometers north of Vancouver, or 10.5 kilometres west of the village of Gold Bridge, British Columbia. The 509-hectare (1,257 acre) property is accessible by paved road and has been the subject of historical exploration.

The Project is located in Central Newfoundland, 15 km south of South Brook and 40 km north of Badger on the Trans-Canada Highway. Woods roads give good access to all parts of the Project . The Project consists of 7 Claims and covering an area of 2,525 hectares.

The Company is acquiring the Project to investigate the gold potential based on anomalous gold occurring in outcrop which graded up to 4.2 g/t Au. In addition to the gold showing, several large boulders containing pyrrhotite, pyrite and chalcopyrite have been discovered to the south west which have returned assays ranging from 2.76 – 4.02 % Cu. Historic aeromag/ EM surveys conducted in 1989 identified six parallel conductors a few kilometers to the east of the boulder train.

The Black Ridge Gold Project is a high-grade gold-silver-copper prospect that features several known mineral occurrences, including areas that have produced samples of *15.8 grams-per-tonne (“g/t”) gold (“Au”), 15.5 g/t Au, 12.1% copper (“Cu”) and 143 g/t silver (“Ag”).

The Bauline Epithermal Gold project contains multiple gold occurrences up to 2.8 g/t Au.