Nexus Gold Corp.

Published : October 17th, 2017

Nexus Gold Samples 19.95 g/t Au and 14.90 g/t Au from Newly Identified Zones at the Rakounga Gold Concession

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Keywords :   Burkina Faso | Interest | Test | Work |

Nexus Gold Samples 19.95 g/t Au and 14.90 g/t Au from Newly Identified Zones at the Rakounga Gold Concession

VANCOUVER, BC / ACCESSWIRE / October 17, 2017 / Nexus Gold Corp. (''Nexus'' or the ''Company'') (TSX-V: NXS; OTC PINK: NXXGF; FSE: N6E) is pleased to report that it has received assay results for rock samples collected on the Gounga and Porphyry orpaillages on its newly optioned Rakounga property, located adjacent to the Company's Bouboulou gold concession in Burkina Faso, West Africa.

Four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne (''g/t'') gold (''Au''), 2.57 g/t Au, and 1.175 g/t Au, respectively.

A total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively.

''We are extremely encouraged with these strong gold assays,'' said senior geologist Warren Robb. ''These three orpaillages appear to be occurring along the same trend as the Rawema-Pelatanga trend on the neighbouring Bouboulou property to the Northeast. We would like to test these new zones and see if we can extend these high values to depth,'' continued Mr. Robb.

Thus far sampling at the three newly identified orpaillages (artisanal mining areas), Koaltenga, Porphyry and Gounga, on the Rakounga permit have returned elevated gold values. In addition to the samples above, the Company already reported (news release dated October 5, 2017) initial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage of 17.30 g/t Au, 2.33 g/t Au, and 1.45 g/t Au, respectively.

''Rakounga was a very strategic addition to the Bouboulou project,'' commented President & CEO, Pete Berdusco. ''With the early sampling work already producing nice grades, and with the proximity to known mineralized zones at Bouboulou, we're certainly excited to find out more about Rakounga. It's a large land package with significant artisanal activity on it, so it checks some important boxes for us. In the near term we will continue to identify areas of interest through sampling, mapping, and reconnaissance. Ultimately, we're looking to establish a relationship between the mineralized zones on both properties,'' continued Mr. Berdusco.

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Nexus Gold Corp.

CODE : NXS.V
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Nexus Gold Corp. is based in Canada.

Nexus Gold Corp. is listed in Canada. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.4 millions, € 1.3 millions).

Its stock quote reached its highest recent level on June 22, 2018 at CA$ 0.37, and its lowest recent point on May 19, 2023 at CA$ 0.01.

Nexus Gold Corp. has 125 110 000 shares outstanding.

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