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Nexus Gold Updates Phase One Drilling at Niangouela Gold Concession, Burkina Faso, West Africa
(via TheNewswire) Vancouver, Canada / TheNewswire / March 02,...
About this update from Nexus Gold Corp.
[{"type":"text","content":"Nexus Gold Updates Phase One Drilling at Niangouela Gold Concession, Burkina Faso, West Africa(via TheNewswire)\n \n \nVancouver, Canada / TheNewswire / March 02, 2017 - Nexus Gold Corp. (\"Nexus\" or the \"Company\") (TSX-V: NXS, OTC: NXXGF, FSE: N6E) is pleased to report that it has completed 1470 metres of its phase one drill program on the Niangouela permit in Burkina Faso. \n\n\n \nA total of 14 holes were drilled totaling 1470.5 metres. Of the 14 holes drilled, 13 successfully intersected the targeted shear zone. One hole had to be abandoned due to ground conditions. Of the 13 holes, three holes reported intersections hosting visible gold. Drill holes NIA-17-DD-003, 006, and 009, reported visible gold occurring as small points, or clusters of points, with the gold present in contorted quartz veins occurring within the shear. The company has forwarded all samples for assay to ACTLAB's laboratory in Ouagadougou. The company will report all assay data once it has been received, reviewed and verified. \n\n\n \nThe Company originally scheduled a 1000 metre phase one diamond drill program on its 178 square kilometre Niangouela exploration permit. The increased 1000 metres of diamond drilling announced in the Company's February 23, 2017, news release, is designed to further 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. The Company plans on completing the phase one diamond drill program later this month.\n\n\n \nBoard Appointment\n\n\n \nThe Company is pleased to welcome Rodney Stevens as an Independent Director. Mr. Stevens is a CFA charter holder with over ten years' experience in the capital markets, first as an Investment Analyst with Salman Partners Inc., then as a merchant and investment banker. While at Salman Partners, Mr. Stevens became a top-rated analyst by StarMine on July 17, 2007 for the metals and mining industry. Over the course of his career, Mr. Stevens has been instrumental in assisting in financing's and M&A activity worth over $1 billion in transaction value.\n\n\n \nMr. Stevens replaces Dean Humphreys, who resigned to pursue other ventures. The Company would like to thank Mr. Humphr...