Business
Nexus Gold Conducts Due Diligence on Strategic Acquisitions
(via Thenewswire.ca) Vancouver, Canada / TheNewswire / January 27, 2016 - Nexus Gold...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Conducts Due Diligence on Strategic Acquisitions(via Thenewswire.ca)\n\n \nVancouver, Canada / TheNewswire / January 27, 2016 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS) is pleased to announce that it is currently conducting due diligence on potential strategic acquisitions of advanced exploration and resource definition stage gold projects. \n\n\n \nThe Company aims to take advantage of current market conditions to acquire undervalued assets with the objective of establishing a portfolio of advanced projects for development. A key component of the development plan is the utilization of the leading edge Element Detection Technology (EDT). EDT was successfully deployed at the Company's flagship Walker Ridge Gold Project in Nevada, USA. \n\n\n \n\"The creation of a portfolio of advanced projects utilizing EDT potentially enables us to drill year-round and increase our access to financing,\" commented President and CEO Peter Berdusco. \"EDT represents a whole new way of exploring and defining resources. We believe Nexus is at the forefront of a technological advance in the industry and the upside of being a first mover is clear.\" \n\n\n \nThe technology has greatly assisted the Company's work at Walker Ridge. A secondary survey providing further drill target definition was recently completed on the property this past fall. It has identified several strata areas adjacent to the first hole that will be incorporated into the property's 2016 exploration plan. \n\n\n \nThe Company will provide additional details on any proposed strategic acquisitions pending the outcome of due diligence or executed agreements.\n\n\n \nWalker Ridge Gold Project\n\n\n \nThe Walker Ridge Gold Project is located directly between and adjacent to both the Jerritt Canyon mine & mill complex, and the Big Springs deposit. A 3200 x 3200 meter (2 sq. miles) bull's-eye of highly-anomalous, geochemically defined pathfinder elements (antimony, arsenic, mercury) exists within the claim block, coincident to geophysical anomalies both in gravity and resistivity. A Carlin-age (Eocene) intrusion, as verified through uranium-lead radiometric age dating (35.9m years) has been discovered on the property at the center of the geochemical/geophysical anomalies.\n\n\n \nInnovative Technology\n\n\n \nIn the fall of 2014, the Company employed Vit...