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Nexus Gold Acquires Dakouli 2 Project, on the Boromo-Goren Greenstone Belt, Burkina Faso, West Africa
(via TheNewswire) Company expands project holdings to 664-sq ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Acquires Dakouli 2 Project, on the Boromo-Goren Greenstone Belt, Burkina Faso, West Africa(via TheNewswire)\n \n \n\n\nCompany expands project holdings to 664-sq kms (66,400 hectares) along proven gold-bearing greenstone belts\n\n\n\n \n \nVancouver, Canada / TheNewswire / November 9, 2018 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to report that its wholly owned subsidiary, Nexus Gold Corp. Burkina SARL, has acquired the Dakouli 2 gold concession, a 198-square kilometer gold exploration permit located in central Burkina Faso, approximately 100 kilometers due north of the capital city Ouagadougou. \n\n \n \nThe Dakouli 2 property is located on the Boromo-Goren Greenstone Belt and is bordered to the north by granitic rocks. It is also bisected by the Sabce shear zone, a major structural fault proximal to multiple gold deposits which trends southwest-northeast and bisects the entire long axis of the property. The Sabce is the dominant feature at the 3M+ ounce Bissa deposit, currently being mined by Nordgold approximately 20-kms to the northeast of the Dakouli 2 permit.\n\n\n \nThe Company has identified a large orpaillage situated on the permit's eastern border which is being actively exploited by artisanal miners. \n\n\n \nThe 198-square kilometer property lies immediately south of the Company's 178-sq km Niangouela concession (see figure 1) which has been explored over the past two years. Sampling at Niangouela returned bonanza-grade gold values, including 2,950 grams-per-tonne (\"g/t\") gold (\"Au\"), 403 g/t Au, and 49.8 g/t Au (see Company news releases dated January 11 and 24, 2017). The maiden drill program at Niangouela returned significant high-grade intercepts, including 26.69 g/t Au over 4.85m, including 1m of 132 g/t Au (see Company news release dated March 7, 2017).\n\n \n \n\nClick Image To View Full Size\n\n \n \nFigure 1: Dakouli 2 borders the Company's Niangouela gold concession along its northern boundary\n\n \n \n\"Dakouli is a promising addition to our portfolio,\" said Alex Klenman, President & CEO. \"Our crew knows the area well as our Niangouela project is adjacent directly to the north of Dakouli and has provided some high-grade results in the past. We feel Dakouli may also present some higher-grade opportunities. The property contains so...