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Drills 34m of 1.00 g/t Au, incl. 4m of 5.60 g/t Au

  • Drill results now outline a trend of gold occurrences extending for 16 kilometres between the Company’s Rakounga and Bouboulou concessions
  •  Hole RKG-17-RC-008 intersects 34m of 1.00 g/t Au, including 4m of 5.60 g/t Au
  • Hole RKG-17-RC-009 intersects 22m of 0.57 g/t Au, including 4m of 2.01 g/t Au

Nexus Gold Corp. (NXS.V) announced assay results from its reverse circulation (“RC”) drill program on its Rakounga gold exploration permit located 100 kilometers north of Ouagadougou, Burkina Faso, West Africa.

Significant results were returned from drilling at the Koaltenga orpaillage where drill holes RKG-17-RC-008 returned 34 metres of 1.00 grams per tonne (“g/t”) gold (“Au”), including four metres of 5.60 g/t Au, and drill hole RKG -17-RC-009, which returned 22 metres of 0.57 grams per tonne gold, including four metres of 2.01 g/t Au. 

The RC drill program was designed to test three artisanal workings (“orpaillages”), Namely Koaltenga, Porphyry and Gounga.  A total of 10 holes were drilled on the Koaltanga while five holes were drilled on each of the Porphyry and Gounga orpaillages, respectively.  The program was designed to test for gold mineralization extent along strike and to depth of structures being worked by the artisanal miners. 

Significant results of the completed 10-hole Koaltenga drill program are tabled below:

HOLE DIP FROM (metres) TO (metres) LENGTH (metres) GRADE (grams/tonne)
RKG-17-RC-001 -50 102 128 26 0.82
INCLUDES   108 110 2 4.11
    110 112 2 2.44
    112 114 2 2.36
RKG-17-RC-002 -50 108 140 32 1.01
INCLUDES   112 114 2 2.36
    114 116 2 2.99
    116 118 2 3.10
    120 122 2 5.65
RKG-17-RC-003 -50 108 114 6 1.07
RKG-17-RC-006 -50 84 88 4 1.38
    106 122 16 0.34
RKG-17-RC-008 -50 102 136 34 1.00
INCLUDES   116 118 2 1.80
    124 126 2 1.76
    126 128 2 6.05
    128 130 2 5.09
RKG-17-RC-009 -60 134 156 22 0.57
INCLUDES   134 138 4 2.01

* Note the company incorrectly reported the intercept from hole RKG-17-RC-006 of 1.38 grams per tonne as occurring in drill hole RKG-17-RC-005 in its previous news release dated Nov 16, 2017.

All reported results are intercept lengths and are not true widths. 

“The drill program at Koaltenga has successfully identified a broad zone of gold mineralization extending over 300 meters along strike and to depths of 80 metres below surface,” said senior geologist, Warren Robb.  “Three separate intercepts of near a gram over 30 meters is compelling.  This structure remains open along strike both to the north east and south west and to depth.

“The workings at Koaltenga extend for at least another 300 meters to the northeast.  Given the intercepts we have encountered thus far, the workings to the northeast will constitute our primary target for our next round of drilling.  The fact that each of these board intercepts contained zones running 4 to 6 grams suggests a prominent primary structure which has permeated out into the surrounding schists and volcanic rocks enriching the gold values there, should we be fortunate enough to see this trend continue it would certainly enhance any potential economics to the project,” continued Mr. Robb.

Drilling from the Porphyry orpaillage located some 800 meters south east of the Koaltanga orpaillage was tested with five holes.  Gold mineralization was encountered in four of the five holes highlights are tabled below:

HOLE DIP FROM (metres) TO (metres) LENGTH (metres) GRADE (gram/tonne)
RKG-17-RC-013 -50 58 90 40 0.19
INCLUDES 68 78 10 0.29
RKG-17-RC-014 -50 108 148 40 0.19
INCLUDES 110 128 18 0.25
RKG-17-RC-015 -50 38 80 42 0.26

“We did not encounter gold values as high as we did at Koaltenga, but the fact that we have intercepted anomalous gold values over lengths of up to 38 meters attests to the gold enrichment occurring within this area of the permit and may be indicative of a larger gold system occurring around the intrusive rocks at the Porphyry orpillage,” commented Mr. Robb.

HOLE DIP FROM (metres) TO (metres) LENGTH (metres) GRADE (gram/tonne)
RKG-17-RC-017 -50 124 168 44 0.11
RKG-17-RC-019 -50 30 48 18 0.11
RKG-17-RC-020 -50 152 174 22 0.19

Results from Gounga were generally low given the extent of the workings on surface.  Drill holes RKG-17-RC-17, RKG-17-RC-019 and RKG-17-RC-20 did return anomalous values from a black mudstone with abundant pyrite occurring along bedding planes. 

“The Company is extremely encouraged by the assay results returned from the drilling at Rakounga, given its proximity to the company’s adjacent Bouboulou permit,” said Mr. Robb.  “These current drill results now outline a trend of gold occurrences extending for 16 kilometres, from the Pelatanga workings occurring on the Bouboulou 1 permit to the Koaltenga workings centrally located on the Rakounga permit.  The Company is currently formulating an exploration program that will outline the economic potential of its known gold showings and outline further gold occurrences,” continued Mr. Robb.