Vancouver, Canada / TheNewswire / October 6 , 2016 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS) is pleased to announce that the Company has contracted Falcon Drilling Burkina Faso S.A.R.L. (“Falcon”) for the upcoming drill program at the Bouboulou Gold Concession, Burkina Faso, West Africa.
Falcon has been previously contracted for its drilling services by other resources companies operating in Burkina Faso such as Roxgold Inc and True Gold Mining. The company therefore has extensive experience drilling in the country and vast knowledge of the area.
Nexus Gold Director, Warren Robb, P.Geo, will plan and oversee a 2000 meter phase one drill program at Bouboulou. Mr. Robb was Chief Geologist for Roxgold in 2012 where he conducted previous drill programs at the property (then called Bissa West).
Bouboulou Gold Concession
The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by Roxgold Inc, Riverstone Resources and Boliden. To date four zones of gold mineralization have been identified on the property.
Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional Rapid Air Blast (“RAB”) drilling, comprising 25,400 meters. Included in this total was infill drilling which defined a northeast trending gold anomaly measuring 13 km by 2 to 6 km wide. The mineralization was described as disseminated sulphides in tuffs and dacites.
New Zone at Bouboulou
As reported in the September 8, 2016 Nexus Gold news release, a new area of interest has been observed on the property due to an increase in artisanal mining activity. Upon the initial property visit the company geologist noted a large orpaillage (area worked by artisanal miners). The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics and meta-sediments with cross cutting quartz veins and stringers. The orpaillage extends for some 250 meters along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone. This same shear zone also hosts Norgold’s Bissa Hills mine.
Eight grab samples were taken from artisanal workings of the four known gold zones on the property in early September, 2016. As reported in the Company news release of September 27, 2016, six of the eight samples returned gold values, including 2.8 g/t Au and 5.5 g/t Au, respectively, at Bouboulou 2.
Historical Drill Results
Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t. Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The following tables represent historical drill results as reported by Roxgold.
Significant Reverse Circulation drilling results include:
| Hole | azimuth | dip | depth (m) | From | To | (metres) | (g/t Au) | Zone |
| BBL-11-RC-003 | 320 | -55 | 103 | 24 | 34 | 10 | 1.10 | Pelgtanga |
| Includes | 30 | 32 | 2 | 3.66 | ||||
| BBL-11-RC-005 | 120 | -55 | 103 | 60 | 64 | 4 | 1.97 | Bouboulou 2 |
| BBL-11-RC-006 | 120 | -67 | 115 | 70 | 110 | 40 | 1.548 | Bouboulou2 |
| includes | 70 | 90 | 20 | 2.255 | ||||
| and | 100 | 110 | 10 | 1.422 | ||||
| BBL-11-RC-012 | 120 | -50 | 120 | 100 | 108 | 8 | 1.21 | Rawema |
| BBL-11-RC-013 | 300 | -50 | 109 | 74 | 109 | 35 | 2.209 | Rawema |
| includes | 74 | 86 | 12 | 5.455 | ||||
| BBL-11-RC-020 | 270 | -55 | 103 | 40 | 50 | 10 | 2.844 | Koala |
| includes | 42 | 44 | 2 | 12.450 | ||||
| BBL-11-RC-021 | 240 | -55 | 130 | 6 | 8 | 2 | 3.94 | Koala |
| BBL-11-RC-022 | 140 | -55 | 133 | 44 | 48 | 4 | 1.63 | Koala |
| BBL-11-RC-024 | 320 | -55 | 193 | 38 | 44 | 6 | 1.95 | Pelgtanga |
| BBL-11-RC-027 | 120 | -45 | 120 | 90 | 114 | 24 | 1.36 | Bouboulou2 |
| BBL-11-RC-042 | 320 | -55 | 114 | 52 | 54 | 2 | 3.80 | Pelgtanga |
*The above reported data are drill intercept lengths are not true widths
Significant Diamond drilling results include:
| Hole | azimuth | dip | depth (m) | From | To | (metres) | (g/t Au) | Zone |
| BBL-11-DD-002 | 315 | -45 | 127 | 42 | 44 | 2 | 5.43 | Rawema |
| BBL-11-DD-003 | 135 | -45 | 142 | 56 | 58 | 2 | 5.33 | Bouboulou2 |
| 78 | 82 | 4 | 12.53 | |||||
| BBL-11-DD-005 | 300 | -50 | 179 | 74 | 80 | 6 | 4.62 | Rawema |
| Includes | 77.7 | 78 | 0.3 | 81.32 | ||||
| BBL-11-DD-008 | 320 | -45 | 198 | 125 | 127 | 2 | 2.55 | Koala |
*The above reported data are drill intercept lengths are not true widths
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 4th 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 Cote d’Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under explored in comparison to neighbouring Ghana and Mali; both of which host world class gold mines in the same belts of Birimian rocks.
About the Company
Nexus Gold Corp. is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world’s premier mining districts. The Company is currently concentrating its efforts on the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa and the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA. For more information on these projects, please visit the company website at www.nexusgoldcorp.com.
Warren Robb P.Geo., 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.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Peter Berdusco
President and Chief Executive Officer
604-558-1920
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
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