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Drilling Commences At Rakounga Gold Concession, Burkina Faso, West Africa
(via TheNewswire) Vancouver, Canada / TheNewswire / October 3...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Drilling Commences At Rakounga Gold Concession, Burkina Faso, West Africa(via TheNewswire)\n \n \nVancouver, Canada / TheNewswire / October 31, 2017 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report that drilling has commenced at its 250-sq km Rakounga gold concession, located adjacent to the Company's Bouboulou gold concession, in Burkina Faso, West Africa.\n\n\n \nThe phase one reverse circulation (\"RC\") drill program at Rakounga will include 3000 metres targeting mineralization occurring at the Koaltenga, Gounga and Porphyry orpaillages that have now been identified and sampled at the property. \n\n\n \nInitially, the Koaltenga and Gounga orpaillages displayed shear hosted gold mineralization. This drill program will test this style of mineralization to depth by drilling under the exposed surface workings and then along strike as the work progresses. The Porphyry orpaillage displays more of a quartz vein-style mineralization. The goal of the drilling at Porphyry will be to gain as many intersections in the vein and attempt to determine grade and orientation (strike and dip). \n\n\n \nTo date, four rock samples were collected from the Porphyry orpaillage returning elevated gold values of 19.95 gram per tonne (\"g/t\") gold (\"Au\"), 2.57 g/t Au, and 1.175 g/t Au, respectively. \n\n\n \nA total of eight samples were collected from workings from the Gounga orpaillage, located approximately 1000 metres south of the Porphyry orpaillage. Samples GGA-05 and GGA-07 returned gold values of 14.90 g/t Au, and 5.30 g/t Au, respectively. \n\n\n \nInitial rock samples from dumps of the artisanal workings at the Koaltenga orpaillage returned values of 17.30 g/t Au, 2.33 g/t Au, and 1.45 g/t Au, respectively. \n\n\n \n\nClick Image To View Full Size\n\n \n \nAbout Burkina Faso\n\n\n \nBurkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square 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 investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. T...