Nexus GOLD Option Partner Kruger GOLD Sets Budget FOR Initial Work Program at the Rakounga GOLD Concession, Burkina Faso
NEXUS GOLD CORP.
Suite 802, 750 West Pender Street
Vancouver, BC, V6C 2T8
604-558-1919
NEWS RELEASE
NEXUS GOLD OPTION PARTNER KRUGER GOLD SETS BUDGET FOR INITIAL WORK
PROGRAM AT THE RAKOUNGA GOLD CONCESSION, BURKINA FASO
Vancouver, Canada – May 7, 2020 – Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX-V: NXS,
OTCQB: NXXGF, FSE: N6E) is pleased to report that its option partner, Kruger Gold Corp. (“Kruger”), has
completed an initial budget for upcoming exportation programs to be conducted at the Rakounga Gold
Concession located in Burkina Faso, West Africa.
Kruger is currently working to finalize the details of the initial program, which is intended to expand on
the existing historical data on the project, with work anticipated to commence in the summer of 2020.
Additional information regarding the intended work programs will be provided as it becomes available.
The Rakounga Gold Concession consists of an exploration permit totaling a 250 square kilometer area,
adjacent to the Company’s Bouboulou gold concession, and has been the subject of prior exploration
work by the Company.
Kruger can acquire a 90% interest in the Rakounga project by completing a series of cash payments
totaling CDN$1,000,000 and incurring expenditures of at least CDN$1,250,000 over a five-year term.
Following completion of these payments and expenditures, Kruger can acquire the remaining 10%
interest in the project by completing a one-time cash payment of CDN$1,000,000.
Figure 1: Nexus project locations, known deposits and producing mines in Burkina Faso, West Africa
Figure 2: Rakounga and Bouboulou projects, showing mineralized zones along the East-West PR trend
About the Company
Nexus Gold is a Canadian-based gold development company with an extensive portfolio of ten
exploration projects in West Africa and Canada. The Company’s West African-based portfolio totals five
projects encompassing over 750-sq kms (75,000+ hectares) 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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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 differ 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.