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Nexus Gold Signs LOI to Acquire the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso
(TheNewswire) Vancouver, BC - TheNewswire - March 30, 2023 - Ne...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Signs LOI to Acquire the Fofora Gold Project, Hounde Greenstone Belt, Burkina Faso\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n March 30, 2023 -\n \n \n Nexus Gold Corp.\n \n \n (“\n \n \n Nexus\nGold\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:NXS\n \n \n )\n \n \n (\n \n \n OTC:NXXGF\n \n \n )\n \n \n (\n \n \n FSE:N6E)\n \n \n is pleased to announce\n \n \n it has signed a\nnon-biding letter of intent to acquire a 90% interest in the 6,200-ha\n(62km²) Fofora Gold Project exploration permit located 450km to the\nsouthwest of Ouagadougou, Burkina Faso, West Africa.\n \n \n \n \n The Fofora permit is located on the eastern side of the\nHounde greenstone belt in the Kampti department; in the province of\nPoni, near the border with Cote D’Ivoire.\n \n \n The\nHounde Greenstone Belt is host to several large-scale operating gold\nmines, including Endeavour’s Mana and Hounde Mines, Futurna\nSilver’s Yaramoko Mine as well as multiple other producing mines and\nlarge-scale discoveries.\n \n \n \n \n “We’re pleased to potentially add this highly\nprospective project to our existing West African portfolio,” said\nCEO, Milad Zareian.  “The gold endowment in West Africa, and\nspecifically in Burkina Faso, is well established.  The potential for\nfurther impactful discoveries, for the delineation of additional\nsizeable resources, is as good as any place on the planet.  We are\neager to move Nexus forward and begin to develop our projects.  We\nhave work to be done, but we’re committed to increasing our market\ncap and unlocking the value of our projects,” continued Mr.\nZareian.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Fig 1: Nexus Gold projects,\nsignificant deposits/mines, Burkina Faso, West Africa\n \n \n \n \n Historical work on the Fofora property has consisted of\nsoil geochemistry and silt sampling completed in 2008 by Volta\nResources.  This early work outlined a two-kilometer\nnortheast-southwest trending soil anomaly straddling the contract\nbetween andesitic rocks and...