Nexus GOLD Completes Reconaissance Program at the Manzour-Dayere GOLD Project, Burkina Faso, WEST Africa
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD COMPLETES RECONAISSANCE PROGRAM AT THE MANZOUR-DAYERE
GOLD PROJECT, BURKINA FASO, WEST AFRICA
Vancouver, Canada – June 25, 2021 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS ,
OTCQB: NXXGF, FSE: N6E) is pleased to report that it has completed its ground reconnaissance program
over its 100% owned, 190.53 sq-km (19,053-hectare), Manzour-Dayere gold exploration permit located
on the Boromo Greenstone belt, 325 km southwest of the capital city of Ouagadougou, Burkina Faso,
West Africa.
Members of the Company’s geological team conducted a series of geological mapping and prospecting
exercises over various areas of the concession . The property is underlain by a wedge of volcano -
sedimentary rocks which hosts numerous artisanal workings. Local artisanal miners are extracting
material from quartz veins occurring in the volcano sedimentary package. The wedge is completely
surrounded by felsic intrusive rocks.
A large alluvial mining camp is located near the northeast corner of the property. Nexus geologists
viewed several areas in these workings where coarse free gold was being extracted. The alluvial
workings are 500 meters downstream from the Manzour-Dayere property suggesting that the property
may have contributed to gold deposition there. In total the ge ological team traversed over 250
kilometers of roads and trails, collecting multiple samples from several areas of interest. Sample results
will be released once received, reviewed, and verified.
Previous operators on the property identified nine structur es through an airborne magnetics survey.
These structures received little to no follow up work. Data accumulated by the team from this program
is currently being reviewed and once completed the scope and nature of follow up exploration plans
will be determined.
Follow up programs will look to expand the gold mineralization that has already been identified in the
Northeast corner of the property and returned results of 9.60 grams-per-tonne (“g/t”) gold (“Au”), 7.07
g/t Au, 5.73 g/t Au, 3.84 g/t Au and 2.84 g/t Au (see Company news release dated February 27, 2020).
Recent historical exploration on the property conducted between 2011 and 2014 returned reported
high-grade values of 132 g/t Au, 85.40 g/t Au, 61.20 g/t Au, and 27.9 g/t Au, from select grab samples
of quartz veining at the main orpaillage in the extreme northeast corner of the property, while select
grab samples of the sedimentary host rock returned values of 103 g/t Au and 21.40 g/t Au,
respectively. The workings on the main orpaillage are extensive and extend to depths of 60 to 80
meters below surface.*
The Manzour-Dayere Concession is located along the Boromo Greenstone belt, an early Proterozoic
Birimian sequence of the West African Craton, that is home to several significant gold de posits.
Situated in southwestern Burkina Faso, near the border with Ghana, the area is home to several
producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi
(Sarama).
Image 1: Nexus Gold projects and significant deposits/mines, Burkina Faso, West Africa
Image 2: Manzour-Dayere location, with and nearby deposits/mines, southern Burkina Faso, West Africa
Non-Brokered Private Placement
The Company also announces that it has completed the offering of 16,109,450 units (each, a “ Unit”).
The Units were offered by way of non -brokered private placement, at a price of $0.05 per Unit, for
gross proceeds of $805,472.50. Each Unit consists of one common share and one common share
purchase warrant (each, a “Warrant”) exercisable to acquire an additional common share at a price of
$0.07 until June 28, 2024. The gross proceeds from the offering will be used for further project
development work and for general working capital purposes.
In connection with completion of the offering, the Company paid finders' fees of $13,500 and issued
270,000 Warrants to certain arm's -length parties that introduced subscribers to the offering. All
securities issued in connection with completion of the offering are subjec t to a four -month-and-one-
day statutory hold period, in accordance with applicable securities laws, until October 29, 2021.
* Please note that while the Company considers sampling results from the Manzour-Dayere concession
to be accurate, readers are cautioned that a Qualified Person has been unable to verify the laboratory
involved in the analysis of these samples, and no documentation was available regarding quality control
procedures utilized in the analysis.
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 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 primary focus is on its 100% -owned,
98-sq km Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the approximately 1400 -ha
McKenzie Gold Project, located in Red Lake, Ontario. The Company is concentrating on the
development of its core 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
Neither the 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 diff er 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.