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Nexus Gold Increases Phase One Drilling at Niangouela and Closes $2 million Private Placement
(via TheNewswire) Vancouver, Canada / TheNewswire / February 23, 2017 - Nexus Gold Corp ...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Increases Phase One Drilling at Niangouela and Closes $2 million Private Placement(via TheNewswire)\n\n \nVancouver, Canada / TheNewswire / February 23, 2017 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report it has increased its phase one diamond drill program by an additional 1000 metres at its Niangouela Gold Project located in Burkina Faso, West Africa.\n\n\n \nThe Company originally planned a 1000 metre phase one diamond drill program on its 178 square kilometre Niangouela concession. The increased 1000 metres of diamond drilling is designed to test the primary quartz vein and associated shear zone at depth and along strike. The current program is targeting areas of gold anomalies identified from rock samples and Rotary Air Blast (RAB) drilling that was conducted by the Company in December 2016 and January 2017.\n\n\n \n\"Early work is progressing extremely well at Niangouela, we are very pleased with what we are seeing on the ground. Additionally, we are still discovering the size and scope of the primary quartz vein and the shear zone. It's a large concession with a lot of artisanal activity. We have a lot of ground to cover,\" said Senior Geologist, Warren Robb. \"Now that we have established a base of operations and have crews up and running we will begin to initiate work at the Bouboulou concession\", continued Mr. Robb. \"Our plan is to drill both properties over the coming months with the goal of establishing the extent of mineralization at both sites.\"\n\n\n \nBouboulou Phase One Diamond Drill Program\n\n\n \nThe current work program at Niangouela has assisted the Company in understanding and streamlining its exploration efforts in Burkina Faso. The Company has based its operation out of the city of Yako which will also serve as its base for the upcoming diamond drill program on the Bouboulou property located six kilometers south of Yako. The objective of the program is to further define and understand the characteristics of the four mineralized zones on the property - Koala, Rawema, Bouboulou 2 and Pelgtanga. An initial phase consisting of a 2000 metre diamond drill program is anticipated to begin shortly. More information on the Bouboulou project is available on the Company's website - www.nexusgoldcorp.com.\n\n\n \n$2 Million Private Placement Clo...