Nexus GOLD Contracts Driller FOR Upcoming 3000m Dakouli 2 Maiden Drill Program
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD CONTRACTS DRILLER FOR UPCOMING 3000m DAKOULI 2
MAIDEN DRILL PROGRAM
Vancouver, Canada – October 8, 2020 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to announce it has engaged Forage Technic Eau (“FTE”) Drilling to
conduct a minimum 3000 meters of Reverse Circulation (“RC”) Drilling on the company’s 100% owned
Dakouli 2 Gold Project, located 100 kilometers north of the capital of Ouagadougou, Burkina Faso, West
Africa.
The maiden Dakouli drill program, scheduled to commence in late October, will be testing depth
extensions of geochemical gold anomalies identified through termite mound sampling, soil grid
geochemistry that identified three anomalous gold trends crossing the property (see Company news
release dated June 11, 2019) and finally rock geochemistry which has returned higher grade gold results
from selective grab samples extracted from artisanal mining areas (“Orpaillages”) (see Company news
releases dated January 8 and 15, 2019, June 23, 2020, and September 10, 2020) .
“We’re eager to conduct the first ever drill program at Dakouli,” said president & CEO, Alex Klenman.
“Dakouli offers a number of compelling attributes you like to see prior to drilling. Favourable geology
and defined geochemical signatures, strong assay results from subsurface sampling, and a very active
artisanal mining presence, all indicate the mineralization is abundant across this large main zone. It’s
basically ripe for discovery. This round of drilling will focus in this main area, but it’s also worth noting
there are several other hot spots across the nearly 10,000 hectares. The project has many layers to
peel, we’re excited to begin the next phase of more advanced exploration activities,” continued Mr.
Klenman
Exact commencement of the drill program will be announced later in October once crew and drill rig
availability are firmed up.
The Dakouli 2 permit is located on the Goren greenstone belt, proximal to Nordgold’s Bissa Mine, and
is bisected by the gold bearing Sabce Shear zone. Ground reconnaissance and sampling has been
ongoing at Dakouli 2 for over a year now. During this period, the Company collected 40 grab samples
from below surface in artisanal shafts (“pits”). The highlights are tabled below:
Table 1: Sample Highlights to date, Dakouli 2 Gold Concession, Burkina Faso, West Africa (Utm coordinates are in Adindad
30 Projection)
*Grab samples are selective by nature and may not represent the true grade or style of mineralization across
the property
Sample ID Utm E Utm N Description Depth Au g/t
DKL-001 636687 1445630 Quartz from orpaillage pit 8m 3.15
DKL-004 636763 1445627 Milky quartz vein from pit, VG 8m 27.5
DKL-009 636828 1445661 Milky quartz vein from pit 18m 2.9
DKL-010 636767 1445652 Light grey quartz vein from pit -- 4.93
DKL-011 636738 1445670 Quartz from pit, VG 10m 29.5
DKL-012 636677 1445642 Quartz from pit, VG 8m 12.4
DKL-021 625232 1441439 Quartz from pit, white to light grey 15m 2.72
DKL-022 625269 1441469 Quartz from pit 25m 11.1
DKL-023 636901 1445515 Quartz from pit, VG 40m 17.6
DKL-024 636903 1445514 Quartz from pit 40m 1.74
DKL-025 636967 1445530 Quartz from pit 17m 3.68
DKL-027 -- -- Crushed Material, very fine gold 40m 10.8
DKL-029 -- -- Quartz from pit 20m 1.6
DKL-031 636942 1445649 Quartz vein from orpaillage pit 30m 10.9
DKL-032 636937 1445638 Quartz vein from orpaillage pit 50m 12.8
DKL-033 636937 1445638 Crushed material very fine gold 50m 2.3
DKL-036 637034 1445648 Quartz vein from orpaillage pit 40m 98.9
DKL-037 637033 1445704 Quartz vein from orpaillage pit 40m 1.86
DKL-038 637033 1445704 Crushed material, very fine gold 50m 49.7
DKL-039 637025 1445710 Quartz vein from orpaillage pit 50m 11.1
DKL-040 637025 1445710 Quartz vein + volcanic sediment 50m 7.48
As announced in a Company news release dated June 23, 2020, during recent site visits Nexus
personnel noted an increase in artisanal mining activity along strike at the main mineralized zone. The
increased strike activity now extends the limits of the eastern zone some 200 meters to the east, thus
expanding the zone of mineralization to over 400 meters along an east-west trend while also measuring
200 meters north-west.
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 first 25 samples collected, 11
returned assay values greater than 1 g/t Au, with multiple samples showing various concentrations of
visible gold returning values between 11.1 g/t Au and 29.5 g/t Au (see Figure 1, and Company news
release dated January 8, 2019).
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 and southern portions of the contiguous Niangouela 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.
The Dakouli 2 permit lies immediately south of, and contiguous to, the Company’s Niangouela Gold
Concession, which has been explored over the past three years. Drilling at Niangouela has returned
significant intercepts, including 26.69 g/t Au over 4.85m, including 132 g/t Au over 1m, and 4 g/t Au
over 6m, including 20.5 g/t Au over 1m (see Company news releases dated March 7, 2017 and April 5,
2017).
Figure 1: Dakouli 2 concession with bisecting Sabce faults in red
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 eleven projects in Canada and West Africa. The Company’s West African-based portfolio
totals five projects encompassing over 750-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 several core assets while seeking joint-venture, earn-in,
and strategic partnerships for other projects in its growing portfolio.
For more information please visit nexus.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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