"An investment in knowledge pays the best interest."

Nexus Gold Corp. (NXS.V, OTC:NXXGF, FSE:N6E) announced that it has received a new work permit for its Bouboulou Gold concession located in Burkina Faso, West Africa.  The new permit is for an initial term of three years, and can be renewed twice for a total term of nine years. 

“The new permit puts Nexus in a favourable position with respect to our developmental timeline at Bouboulou and Burkina Faso in general. With numerous complex mineralized zones, this ensures that the property can be effectively explored, developed and advanced in all areas,” said President and CEO, Peter Berdusco.  “The new permit now gives us the opportunity to timeline the development of the Bouboulou project to its full potential. In combination with our Niangouela project, this is an important advancement for the company and brings us a step closer to becoming a significant exploration and development company in West Africa,” continued Mr. Berdusco.

About the Bouboulou Gold Concession

The Bouboulou exploration permit covers an area of 38.8 -sq km 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 hosts the Bissa Hills deposit presently being mined by Norgold.  Three 5km anomalous gold trends exist on the property along with numerous artisanal zones (orpaillages).

Gold mineralization was first identified at Bouboulou by Boliden in 1997 where a regional Rotary Air Blast (RAB) drilling program outlined a broad north-east trending gold anomaly measuring 13km by 2km over what is now the Bouboulou permit. The concession was then explored by Riverstone Resources and Roxgold Inc.

Highlights of these surface exploration programs include surface rock sampling and trenching that returned gold grades from 1.09 to 19.16 g/t. Four zones of gold mineralization have been identified on the property, termed Koala, Rawema, Bouboulou 2 and Pelgtanga.  Roxgold later completed reverse circulation (RC) and diamond drilling (DD) to test the four mineralized zones.

Historical drilling highlights from each of the four zones:

Hole azimuth dip depth (m) From To (metres) (g/t Au) Zone
BBL-11-RC-006 120 -67 115 70 110 40 1.548 Bouboulou 2
      includes 70 90 20 2.255  
      and 100 110 10 1.422  
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-027 120 -45 120 90 114 24 1.36 Bouboulou 2
BBL-11-RC-042 320 -55 114 52 54 2 3.80 Pelgtanga

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 and not true widths

Bouboulou Trend Analysis

The Company has compiled historical data including airborne geophysics, Rotary Air Blast (RAB) drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages (zones of artisanal gold mining). The compiled data reviewed consists of over 7000 assays collected between 2011 and 2012.

This data displays three strong coincidental geochemical and geophysical anomalous gold trends. These trends extend from the four drill-identified mineralized zones, namely Rawema, Pelgtanga, Bouboulou 2 and Koala.  Each of the three trends extends in length for 5000 meters (5KM). They are identified by numerous orpaillages and geochemical samples of greater than 1 gram per tonne gold.

All three of the Bouboulou trends identified are defined by similar coincidental anomalies.  Each trend has substantial artisanal workings either directly on them or along the trend.

Map of the Bouboulou trends can be found here:

http://www.nexusgoldcorp.com/index.php/en/projects-3/bouboulou-gold-concession

 

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 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 concession is a 38-sq km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone.  

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.