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Nexus Gold to Conduct Geochemical Survey at Rakounga Gold Concession, Burkina Faso
VANCOUVER, BC / ACCESSWIRE / June 14, 2018 / Nexus Gold Corp. (" Nexus" or the " Company" )...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold to Conduct Geochemical Survey at Rakounga Gold Concession, Burkina FasoVANCOUVER, BC / ACCESSWIRE / June 14, 2018 / Nexus Gold Corp. (\"Nexus\" or the \"Company\") (OTC PINK: NXXGF, TSX-V: NXS, FSE: N6E) is pleased to announce that it is initiating a 105-line kilometer geochemical survey on the Rakounga permit located in central Burkina Faso, West Africa.The survey is designed to aid in identifying gold mineralization which may occur in the nine-kilometer gap between the Koala showing on the Company's adjacent 38-sq km Bouboulou Gold Concession, and the Koaltenga showing, located on the western edge the 250-sq km Rakounga Gold Concession (see map following).Prior drilling by the Company at Koala returned several intercepts of note, including 5.21 grams-per-tonne (\"g/t\") gold (\"Au\") over 3.05 meters, including 15.50 g/t Au over 1 meter (hole BBL-17-DD-07), and 4.41 g/t Au over 8.15 meters, including 23 g/t Au over 1 meter (hole BBL-17-DD-08) (see Company news release dated October 5, 2017).Previous drilling conducted by the Company at Koaltenga also returned significant results, including 1.01 g/t over 32 meters, including 5.65 g/t Au over 2 meters and 2.81 g/t Au over 6 meters (hole RKG-17-RC-002) and 1.00 g/t gold over 34 meters, including 5.57 g/t Au over 4 meters (hole RKG-17-RC-008) (see Company news release dated December 13, 2017).The survey will cover the area underlain by the Sabce fault zone, a prominent structural feature which extends some 200 kilometers across the Goren greenstone belt. Figure 1: Geochemical program to target ground between Koaltenga lower left and Koala, upper right\"We're pleased to get the 2018 work program underway,\" said president & CEO, Alex Klenman. \"This is an important step in the development of Bouboulou-Rakounga. The area we're covering has the potential to significantly expand the mineralized footprint. Ultimately, we are looking at this project to produce a resource estimate and the data generated by this survey will move us closer to that goal,\" continued Mr. Klenman.\"Given the gold mineralization we have already encountered on the Bouboulou and Rakounga permits, it makes this area highly prospective ground and it will be exciting to see what sort of numbers we get from this initial program,\" said Senior Vice-President of Exploration, Warren Robb.The Rakounga per...