Nexus GOLD to Conduct Geochemical Survey at Rakounga GOLD Concession, Burkina Faso
NEXUS GOLD CORP.
Suite 720, 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD TO CONDUCT GEOCHEMICAL SURVEY AT
RAKOUNGA GOLD CONCESSION, BURKINA FASO
Vancouver, Canada – June 14, 2018 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTC: NXXGF,
FSE: N6E) is pleased to announce that it is initiating a 105-line kilometer geochemical survey on the Rakounga
permit located in central Burkina Faso, West Africa.
The survey is designed to aid in identifying gold mineralization which may occur in the nine-kilometer gap
between the Koala showing on the Company’s adjacent 38-sq km Bouboulou Gold Concession, and the Koaltenga
showing, located on the western edge the 250-sq km Rakounga Gold Concession (see map following).
Prior drilling by the Company at Koala returned several intercepts of note, including 5.21 grams-per-tonne (“g/t”)
gold (“Au”) over 3.05 meters, including 15.50 g/t Au over 1 meter (hole BBL-17-DD-07), and 4.41 g/t Au over
8.15 meters, including 23 g/t Au over 1 meter (hole BBL-17-DD-08) (see Company news release dated October
5, 2017).
Previous drilling conducted by the Company at Koaltenga also returned significant results, including 1.01 g/t over
32 meters, including 5.65 g/t Au over 2 meters and 2.81 g/t Au over 6 meters (hole RKG-17-RC-002) and 1.00 g/t
gold over 34 meters, including 5.57 g/t Au over 4 meters (hole RKG-17-RC-008) (see Company news release of
December 13, 2017).
The survey will cover the area underlain by the Sabce fault zone, a prominent structural feature which extends
some 200 kilometers across the Goren greenstone belt.
Figure 1: Geochemical program to target ground between Koaltenga lower left and Koala, upper right
“We’re pleased to get the 2018 work program underway,” said president & CEO, Alex Klenman. “This is an
important step in the development of Bouboulou-Rakounga. The area we’re covering has the potential to
significantly expand the mineralized footprint. Ultimately, we are looking at this project to produce a resource
estimate and the data generated by this survey will move us closer to that goal,” continued Mr. Klenman.
“Given the gold mineralization we have already encountered on the Bouboulou and Rakounga permits, it makes
this area highly prospective ground and it will be exciting to see what sort of numbers we get from this initial
program,” said Senior Vice-President of Exploration, Warren Robb.
The Rakounga permit has seen only minimal exploration since Boliden conducted RAB drilling on the property
in 1997. The Company believes the area to be explored has the potential host gold mineralization similar to
the Koala and Koaltenga showings mentioned above.
Company to Grant Options
The Company also announces that it will grant 1,000,000 incentive stock options to certain directors, officers
and consultants of the Company. These options will vest immediately and will be exercisable at a price of $0.33
for a period of sixty-months.
The grant is subject to the terms of the Company’s incentive stock option plan and the approval of the TSX
Venture Exchange.
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina
Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource oat
one or more of it’s three current projects. The 38-square km Bouboulou project comprises no less than five
established gold zones contained within three separate 5km gold trends. The adjacent 250-square km Rakounga
gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of
mineralization. The Niangouela gold concession is a 178-square km project featuring high-grade gold occurring
in and around a primary quartz vein and associated shear zone approximately one km in length.
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.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
www.nexusgoldcorp.com
Neither 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 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.