Nexus GOLD Updates Phase One Drilling at Niangouela GOLD Concession, Burkina Faso, WEST Africa
NEXUS GOLD CORP.
Suite 720 – 700 West Pender Street
Vancouver, BC V6C 1G8
Telephone: 604.558.1920
NEWS RELEASE
NEXUS GOLD UPDATES PHASE ONE DRILLING AT NIANGOUELA GOLD CONCESSION,
BURKINA FASO, WEST AFRICA
Vancouver, Canada – March 02, 2017 - Nexus Gold Corp. (“Nexus” or the “Company”) (TSX- V: NXS, OTC:
NXXGF, FSE: N6E) is pleased to report that it has c ompleted 1470 metres of its phase one drill program on
the Niangouela permit in Burkina Faso.
A total of 14 holes were drilled totaling 1470.5 me tres. Of the 14 holes drilled, 13 successfully int ersected
the targeted shear zone. One hole had to be abando ned due to ground conditions. Of the 13 holes, thr ee
holes reported intersections hosting visible gold. Drill holes NIA-17-DD-003, 006, and 009, reported visible
gold occurring as small points, or clusters of poin ts, with the gold present in contorted quartz veins
occurring within the shear. The company has forwar ded all samples for assay to ACTLAB’s laboratory in
Ouagadougou. The company will report all assay data once it has been received, reviewed and verified.
The Company originally scheduled a 1000 metre phase one diamond drill program on its 178 square
kilometre Niangouela exploration permit. The increased 1000 metres of diamond drilling announced in the
Company’s February 23, 2017, news release, is desig ned to further test the primary quartz vein and
associated shear zone at depth and along strike. T he current program is targeting areas of gold anoma lies
identified from rock samples and Rotary Air Blast ( RAB) drilling that was conducted by the Company in
December 2016 and January 2017. The Company plans on completing the phase one diamond drill
program later this month.
Board Appointment
The Company is pleased to welcome Rodney Stevens as an Independent Director. Mr. Stevens is a CFA
charter holder with over ten years’ experience in t he capital markets, first as an Investment Analyst with
Salman Partners Inc., then as a merchant and invest ment banker. While at Salman Partners, Mr. Stevens
became a top-rated analyst by StarMine on July 17, 2007 for the metals and mining industry. Over the
course of his career, Mr. Stevens has been instrume ntal in assisting in financing's and M&A activity w orth
over $1 billion in transaction value.
Mr. Stevens replaces Dean Humphreys, who resigned to pursue other ventures. The Company would like to
thank Mr. Humphreys for his years of service and wish him well in his future endeavours.
About the Niangouela Gold Concession
The 178 sq km Niangouela gold concession is located on the Boromo Greenstone Belt (as is the Company's
Bouboulou Gold Concession), and is proximal to the Kalsaka deposit and the Sabce Shear Zone. It is
accessible by road and has one major orpaillage (artisanal workings).
In December 2016 the Company conducted an 802m rotary air blast (RAB) drill program that delineated an
approximately 1,000-metre (1km) quartz vein and a 5 00-metre secondary strike, running oblique to the
main vein. This vein has now been identified in tre nches, artisanal workings and through RAB drilling. It
remains open in all directions.
A total of 11 rock chip and grab samples were taken during the initial exploration phase. Eight of th e 11
samples returned values of 1 gram-per-tonne (“g/t”) gold or better. Best results of the 11 include sa mple
NG005, taken directly from the primary quartz vein at 46m depth (accessed via an artisanal mining shaf t),
which returned a value of 2,950 g/t gold. Sample NG 006 was collected from the artisanal dumps of the
sheared intrusive and returned a value of 23.9 g/t gold. Sample NG007 contained coarse visible gold, and
was taken from material extracted from the eastern shaft from a depth of approximately 60m, returned
values of 403 g/t gold. Sample NG008 was taken fro m the western shaft, 10 to 12 metres west of the
eastern shaft, and consisted of a single large piec e of primary quartz vein containing host rock inclu sions
and a cluster of visible gold. NG008 returned values of 49.8 g/t gold.
About Burkina Faso
Burkina Faso is a landlocked nation, located in Wes t Africa. It covers an area of roughly 274,000 squa re
kilometres and has an estimated population of more than 16 million people. The country has a stable
political setting with a pro-mining and foreign inv estment stance. Burkina Faso is the fastest growing gold
producer in Africa, and was the 4th largest gold pr oducer in Africa in 2012. Eight new mines have been
commissioned there over the past six years. The country has excellent geological potential. The Greenstone
Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina F aso.
Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under-explored in
comparison to neighbouring Ghana and Mali; both of which host world-class gold mines in the same belts
of Birimian rocks.
About the Company
Nexus Gold Corp. is a Vancouver-based gold explorat ion and development company operating in some of
the world’s premier mining districts. The Company i s currently concentrating its efforts on two gold
projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-sq km advanced
exploration target where previous drilling has conf irmed multiple zones of gold mineralization. The
Niangouela gold concession is a 178-sq km project f eaturing high grade gold occurring in and around a
primary quartz vein 1km in length and associated sh ear zone. For more information on these projects,
please visit the Company website at www.nexusgoldcorp.com.
Warren Robb P.Geo., Senior Geologist 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.
Peter Berdusco
President and Chief Executive Officer
604-558-1920
www.nexusgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of
the TSX Venture Exchange) accepts responsibility fo r the adequacy or accuracy of this release. This ne ws
release may contain forward-looking statements. The se statements are based on current expectations and
assumptions that are subject to risks and uncertain ties. Actual results could differ materially becaus e of
factors discussed in the management discussion and analysis section of our interim and most recent annual
financial statement or other reports and filings wi th the TSX Venture Exchange and applicable Canadian
securities regulations. We do not assume any obliga tion to update any forward-looking statements, exce pt
as required by applicable laws.