Nexus GOLD Begins Follow up Diamond Drill Program at the Dakouli 2 GOLD Concession, Burkina Faso, WEST Africa
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD BEGINS FOLLOW UP DIAMOND DRILL PROGRAM AT THE DAKOULI 2
GOLD CONCESSION, BURKINA FASO, WEST AFRICA
Vancouver, Canada – May 11, 2021 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce it has mobilized its geological team and diamond drill
crews and equipment to its 100% owned Dakouli 2 Gold Concession, located in Burkina Faso, West
Africa.
The planned 2000 meter diamond drill program (approximately 12-15 holes) is designed to expand on
gold mineralization recently identified in the Reverse Circulation (“RC”) drill program completed at the
98-sq km property in December 2020. Drilling is expected to commence in the next 24 hours.
The RC drilling targeted a zone measuring approximately 450 meters in strike length to depths of 100
meters in the Northeast corner of the project ground (significant results presented in the following
table). Diamond drilling will be used to test and expand this area and enhance the geological
understanding of the mineralization encountered there as well as supplement the knowledge of the
geological and structural elements and controls. In addition to confirmation drilling the Company
intends to test the strike extension of this new zone by testing coincidental soil, termite mound
geochemistry and geophysics which shows a trend extending for some 1100 meters west of the RC
drilling location.
“Diamond drilling will greatly enhance our geological and structural understanding of the
mineralization at Dakouli,” said Warren Robb, Senior VP Exploration. “Given that we have already
observed coarse visible gold from several grab samples we have recovered there, we are eager to see
how this relates to the broader gold intercepts we encountered in the RC drilling,” continued Mr. Robb.
“The goal is to define the extent of the east-west strike, along the trend where discovery was made,”
said president & CEO, Alex Klenman. “There is a lot of ground to explore. We know that the
mineralization trends west and, in several areas, dips to the southwest, over what appear to be
substantial distances. Each round of drilling we complete will help us establish the size and scope of
the overall mineralized footprint outlined by the soil work,” continued Mr. Klenman.
Hole ID UTM E UTM N DIP AZIMUTH ELEV FROM TO LENGTH
(meters)
Au G/T
DKL-20-RC-001 625256 1441633 -55 350 299 40 52 12 0.35
DKL-20-RC-002 625218 1441603 -55 350 281 42 58 16 0.64
DKL-20-RC-006 637023 1445782 -45 360 286 82 118 36 0.33
Includes 100 118 18 0.59
Includes 108 110 2 1.78
116 118 2 1.52
DKL-20-RC-007 636974 1445768 -60 350 298 108 138 20 4.83
Includes 118 124 6 14.51
Includes 120 122 2 39.60
DKL-20-RC-008 636908 1445758 -45 360 288 108 116 8 0.72
Includes 108 110 2 1.13
DKL-20-RC-009 636851 1445785 -45 360 288 50 60 10 1.61
Includes 52 54 2 4.11
120 126 6 0.31
140 150 10 0.47
DKL-20-RC-010 636806 1445782 -45 360 294 64 66 2 1.46
74 82 8 1.89
Includes 76 78 2 6.54
DKL-20-RC-011 636793 1445682 -45 360 286 78 88 10 0.35
DKL-20-RC-012 636793 1445682 -50 360 285 150 154 4 0.70
DKL-20-RC-016 636997 1445698 -55 360 293 4 12 8 1.13
Includes 10 12 2 3.99
DKL-20-RC-017 637099 1445774 -50 360 310 88 140 52 0.30
Includes 88 130 42 0.34
Includes 102 120 18 0.59
Includes 102 112 10 0.91
Includes 102 106 4 2.08
DKL-20-RC-18 636688 1445765 -50 360 294 76 82 6 1.35
Includes 78 80 2 3.36
And 88 118 30 0.27
Includes 88 96 8 0.53
Includes 92 94 2 1.43
Table 1: Significant drill intercepts, Dec 2020, Dakouli 2 Gold Concession, Burkina Faso, West Africa
The Dakouli 2 permit is located on the Goren greenstone belt, proximal to Nordgold’s Bissa Mine and
Gougre satellite pit, and is bisected by the gold bearing Sabce Shear zone. Updates will be provided as
drilling progresses.
Drilling to Date at Dakouli
The maiden RC program, conducted in late 2020, consisted of 2,914 meters of exploratory drilling. The
program was designed to test several areas that have returned either high gold values from rock
samples or coincidental soil geochemical and geophysical anomalies proximal to artisanal workings
(“orpaillages”). Drilling has so far primarily been confined to an approximately 450m x 200m section
in the upper northeastern portion of the concession ground.
Significant results were encountered in hole DKL-20-RC-007, which returned 4.83 grams-per-tonne
(“g/t”) gold (“Au”) over 20 meters, including 14.51 g/t Au over 6m (also including 39.6 g/t over 2m).
Other significant results were realized in hole DKL-20-RC-009, which returned 1.61 g/t Au over 10
meters, including 4.11 g/t Au over 2 meters, and DKL-20-RC-010, which returned 1.89 g/t Au over 8
meters, including 6.54 g/t Au over 2 meters. In addition, several holes returned lengthy intercepts of
sub-one gram gold, including DKL-20-RC-006 which returned .33 g/t Au over 36 meters, including .59
g/t Au over 18 meters, DKL-20-RC-002 which returned .64 g/t Au over 16 meters, and DKL-20-RC-017
.59 g/t Au over 18 meters, including .91 g/t Au over 10 meters.
Figure 1: Dakouli 2 Gold Concession, current areas of interest (blue arrows), Burkina Faso, West Africa
About the Dakouli 2 Gold Concession
The Dakouli 2 exploration permit is a 98-sq km (9,800 hectares) gold exploration property located
approximately 100 kilometers due north of the capital city Ouagadougou.
In late 2018 Company geologists conducted a comprehensive ground reconnaissance program to the
west and south of the main orpaillage (artisanal zone) and identified new near surface workings being
exploited by artisanal miners. Rock samples collected from these new zones contained various
concentrations of visible gold, including coarse nuggety samples. Of the 40 samples collected from
depths of 5 meters down to 50 meters below surface, 20 returned assay values greater than 1 g/t Au.
Multiple samples showed various concentrations of visible gold that returned assay values between
4.93 g/t Au and 98.9 g/t Au (see Company news releases dated January 8, 15, June 11, 2019, June 23,
and September 20, 2020).
Follow up work outlined an anomalous zone extending some 500 meters west from the sample zones.
Based on those results the Company initiated a 150-line kilometer soil geochemical survey covering the
northern half of the Dakouli 2 property. This survey identified three prominent gold geochemical
trends.
The primary gold trend parallels the Sabce fault zone and extends for approximately 10 kilometers in a
northeast-southwest direction and bisects the property from the north east corner of the property to
its western boundary. The Sabce fault hosts multiple deposits including Nordgold’s 3.4M oz Bissa Mine,
located approximately 25km east of the Dakouli ground.
Two secondary gold trends which extend for approximately 6.5 kilometers each are oriented in a
northwest to southeast direction and bisect the primary trend. All three gold geochemical trends are
coincidental to geophysical trends identified from the national regional airborne geophysics.
*Grab samples are selective by nature and may not represent the true grade or style of mineralization across
the property
Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person as defined by
National Instrument 43-101 and is responsible for, and has approved, the technical information
contained in this release.
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an extensive
portfolio of projects in Canada and West Africa. The Company’s West African-based portfolio totals
over 550-sq kms of land located on active gold belts and proven mineralized trends, while it’s 100%-
owned Canadian projects include the McKenzie Gold Project in Red Lake, Ontario; the New Pilot
Project, located in British Columbia's historic Bridge River Mining Camp; and four prospective gold and
gold-copper projects (3,700-ha) in the Province of Newfoundland. The Company is focusing on the
development of its flagship assets while seeking joint-venture, earn-in, and strategic partnerships for
other projects in its portfolio.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
www.nexusgoldcorp.com
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that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in
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