Nexus GOLD Reports Additional Assay Results 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 REPORTS ADDITIONAL ASSAY RESULTS AT THE DAKOULI 2 GOLD
CONCESSION, BURKINA FASO, WEST AFRICA
Vancouver, Canada – April 1, 2021 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS ,
OTCQB: NXXGF, FSE: N6E ) is pleased to report it has received the results for the remaining six
exploration holes drilled at its 100% owned Dakouli 2 Gold Project, located in Burkina Faso, West Africa.
Drill holes DKL-2020-RC-017 and 018 in this maiden drill program were conducted along the same fence
as holes DKL -2020-RC-06 through 11 and positive results have extended the strike of the gold
mineralization identified in those holes to over 400 meters. This zone of mineralization has been
intersected to vertical depths of 114 meters and remains open to depth and along strike to the west.
Significant results include:
• Hole DKL-2020-RC-016 returned 8 meters of 1.13 grams-per-tonne (“g/t”) gold (“Au”), including
2 meters of 3.99 g/t Au
• Hole DKL-2020-RC-017 which intersected 52 meters of .30 g/t Au, including 18 meters of .59 g/t
Au, and 10 meters of 0.91 g/t, and 4 meters of 2.08 g/t Au
• Hole DKL-2020-RC-018 which intersected 6 meters of 1.35 g/t Au, including 2 meters of 3.36 g/t
Au, and 8 meters of .53 g/t Au, and 2 meters of 1.43 g/t Au
The results of these holes are tabled below:
Hole ID UTM E UTM N DIP Azimuth ELEV FROM TO LENGTH
(meters)
Au G/T
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
To the west of this reported drilling the Company has identified a geochemical gold trend which
extends for over 1000 meters. See following map:
Figure 1: Geochemical and rock sampling compilation, Dakouli 2 Gold Concession, Burkina Faso, West Africa
“Results from these last few holes continue to add more positive data to the discovery at Dakouli,” said
President and CEO, Alex Klenman. “We are seeing zones of higher grade material in conjunction with
lengthier runs of near one -gram gold in this northeast corner of the property. The goal now is to
increase th e mineralized footprint in a westerly direction, and ultimately to the southwest, where
favorable geochemical results present a number of compelling drill targets over a significant distance.
It’s quite a large area, so we have lots of ground to test. We’re going back to Dakouli in the next few
weeks, before the onset of the wet season, where we will continue to define the scope and breadth of
the gold mineralization encountered so far,” continued Mr. Klenman.
“This is a very interesting system we have intersected, as we have had a couple of longer intercepts
running half a gram and a number of more consistent zones running around 4 grams ,” said Warren
Robb, VP of Exploration. “The system is trending to the west and our efforts moving forward will be to
test, with a diamond drill , this several kilometers long corridor that our termite mound and soil
geochemistry has outlined. This will help us to gain a better understanding of the nature of the
mineralization and the geology hosting it,” continued Mr. Robb.
The assay results were delayed due to Quality Control (“QC”) checks implemented by the
Company. The QP for the Company is satisfied that the Company's data verification procedures were
sufficient to identify any precision and accuracy errors and implemented check analysis to determine
and report accurate gold assay data.
A follow up diamond drill program is scheduled for May. Details will be announced in the coming
weeks.
Drilling to Date at Dakouli
The maiden RC program at the 9,800 -hectare (98-sq kms) concession 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 a small 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, and DKL-20-RC-002 which returned .64 g/t Au over 16 meters.
Table of significant results, maiden drill program:
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
Figure 2: Drill hole locations, 2020 maiden drill program, Dakouli 2 gold concession, Burkina Faso, West Africa
The maiden Dakouli drill program was designed to initially test depth extensions of geochemical gold
anomalies identified through termite mound sampling, soil gold geochemistry which identified three
trends intersecting 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 (see Company news releases dated January 8 and 15, 2019, June 23, 2020, and
September 10, 2020).
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.
Figure 3: Dakouli 2 artisanal zones and bisecting Sabce faults in red, 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 g round 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.
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.
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.
Nexus Closes Private Placement
The Company also announces that it has closed a non-brokered private placement through the issuance
of 6,592,640 units (each, a “Unit”) for gross proceeds of $329,632. Each Unit consists of one common
share of the Company, and one common share purchase warrant exercisable to acquire an additional
share at a price of $0.07 for a period of thirty-six months.
No finders’ fees or commissions w ere paid in connection with completion of the initial tranche of the
private placement. All securities issued in connection with the Offering are subject to a four -month-
and-one-day statutory hold period in accordance with applicable securities law. Completion of a
further tranche of the private placement remains subject to approval of the TSX Venture Exchange.
The Company anticipates utilizing the proceeds of the Offering to advance exploration and drilling
efforts at the Company’s Dakouli 2 Gold Conce ssion, located in Burkina Faso, West Africa, and for
general working capital purposes.
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 Prov ince 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
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not assume any obligation to update any forward-looking statements, except as required by applicable laws.