Nexus GOLD Updates 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 UPDATES DAKOULI 2 GOLD CONCESSION,
BURKINA FASO, WEST AFRICA
Vancouver, Canada – April 12, 2024 - Nexus Gold Corp. (“ Nexus” or the “ Company”) (TSX -V: NXS ,
OTCQB: NXXGF, FSE: N6E) is pleased to provide a corporate update regarding its plans to return to the
Dakouli 2 Gold Project, located in Burkina Faso, West Africa.
The Dakouli 2 property is a 9,800-ha gold project with several established zones of mineralization. Gold
is situated from near surface to 200m depth, with the majority of the significant drill intercepts in the
100-meter range. The Company recently paid taxes on the property and intends to raise sufficient
capital in the near term to begin multiple follow -up work programs during the remainder of the 2024
calendar year.
“Dakouli has proven to be a highly prospective gold target”, said Milad Zareian, CEO. “With gold
showing strong gains now is the time for Nexus to get back to developing what is a superb exploration
project. West Africa holds some the planet’s most prolific gold endowments, and Dakouli is located on
the one of the more prolific greenstone belts. We’re excited about gold’s recent rise and we believe
now is the perfect time to ramp up our operations in West Africa,” continued Mr. Zareian.
Drilling to Date at Dakouli
In late 2020 the Company conducted a Reverse Circulation (“RC”) drill program at the 98 -sq kms
concession consist ing of 2,914 meters of exploratory drilling. The first-ever drill program on the
property 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”).
Significant results were encountered in several holes, including:
DKL-20-RC-007
- 4.83 grams-per-tonne (“g/t”) gold (“Au”) over 20 meters
- Including 14.51 g/t Au over 6m
- And 39.6 g/t over 2m
DKL-20-RC-009
- 1.61 g/t Au over 10m
- Including 4.11 g/t Au over 2m
DKL-20-RC-010
- 1.89 g/t Au over 8m
- Including 6.54 g/t Au over 2m
DRILL HOLE AZ DIP FROM
(METERS)
TO
(METERS
INTERCEPT
METERS
GOLD INTERCEPT GRAMS
PER TONNE fire assay
DKL-20-RC-007 350 -60 108 138 30 3.31
108 128 20 4.83
108 126 18 5.35
108 124 16 5.92
INCLUDES 108 110 2 1.175
110 112 2 1.06
118 120 2 2.28
120 122 2 39.6
122 124 2 1.645
DKL-20-RC-009 360 -45 50 60 10 1.61
INCLUDES 54 56 2 1.6
52 54 2 4.11
76 84 8 0.26
96 104 8 0.21
108 118 10 0.2
120 126 6 0.31
128 136 8 0.24
140 150 10 0.47
DKL-20-RC-010 360 -45 64 66 2 1.46
74 82 8 1.89
INCLUDES 2 6.54
In addition, several holes returned lengthy intercepts of sub -one gram gold, including DKL -20-RC-006
which returned .59 g/t Au over 18 meters, DKL-20-RC-017, which returned .91 g/t Au over 10m, and
DKL-20-RC-002 which returned .64 g/t Au over 16 meters.
In the summer of 2021, the Company returned to Dakouli to conduct a 2000m follow up Diamond Drill
program. Results from this program expanded upon the earlier RC drill results with several significant
intercepts:
DKL-21-DD-001
- 0.95 g/t Au over 23m
- Including 1.01 g/t Au over 15m
- 1.46 g/t Au over 7m
- Including 4.87 g/t Au over 1m and 6.88 g/t Au over 1m
DKL-21-DD-002
- 1.90 g/t Au over 28m
- Including 10.87 g/t Au over 4m
- Including 15.1 g/t Au over 1m, and 17 g/t Au over 1m
- 1.43 g/t Au over 10m
- Including 10.6 g/t Au over 1m
DKL-21-DD-008
- 0.86 g/t over 17m
- Including 1.18 g/t Au over 12m and 2.19 g/t Au over 6m
DRILL HOLE AZIMUTH DIP FROM TO LENGTH Au g/t
DKL-21-DD-001 0 -60 80 81 1 2.87
103 135 32 0.75
INCLUDES 112 135 23 0.95
INCLUDES 120 135 15 1.01
123 135 12 1.14
Includes 129 130 1 2.46
134 135 1 6.88
187 194 7 1.46
INCLUDES 188 189 1 2.03
190 191 1 4.87
DKL-21-DD-002 0 -50 75.5 77 1.5 1.94
91 119 28 1.90
INCLUDES 91 95 4 10.87
91 92 1 15.10
94 95 1 17.00
102 103 1 1.78
106 107 1 1.09
110 111 1 1.79
118 119 1 2.38
144 145 1 2.04
154 164 10 1.43
INCLUDES 156 157 1 10.60
DKL-21-DD-008 360 -60 168 180 12 1.18
INCLUDES 179 180 1 12.7
Drilling has so far primarily been confined to a small section in the upper northeastern portion of the
concession ground.
Image 1: Location of Dakouli 2 project, Goren Greenstone Belt, Burkina Faso, West Africa
Image 2: Bisecting Sabce faults (red) and artisanal zones, Dakouli 2 project, Burkina Faso, West Africa
About the Dakouli 2 Gold Concession
The Dakouli 2 exploration permit is a nearly 100-sq km gold exploration property located approximately
100 kilometers due north of the capital city Ouagadougou. Situated on the Goren greenstone belt ,
Dakouli is proximal to Nordgold’s Bissa Mine, and is bisected by the gold-bearing Sabce shear zone.
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. 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 northeast 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.
* Please note that while the Company considers sampling and reporting results from the new
portions of the exploration permit 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.
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 exploration company with a focus on precious metals in proven global
mining jurisdictions. The company’s primary asset is the 98-sq km Dakouli 2 Gold Concession, located
in Burkina Faso, West Africa.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Milad Zareian, Chief Executive Officer
Tel: 416-846-4599
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.