Tag Archives: Nexux Gold

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Nexus Gold-Expanding Horizons

It  seems like gold stocks are once again unloved. Marijuana stocks have taken center stage. When is a better time to buy than when people are selling? We all know that this mini correction in gold brings an excellent buying opportunity. In saying that, we are pleased to introduce you to Nexus Gold Corp. (NXS.V) (OTC:NXXGF) (FFT.NGE)

 

Nexus holds properties in two of the world’s prolific mining jurisdictions – the first being Burkina Faso. The company successfully raised $1.25m earlier this year and is set to begin work programs. Nexus is well positioned heading into the first quarter of 2017.
Bouboulou Concession in Burkina Faso
Burkina Faso, which means an honest man is a unique country located in Africa as it currently seems to be both politically and to some degree, economically stable. Political turmoil was a common place but with a recent coup, law and order seems to have restored. That is great news for the people of Burkina Faso and for gold miners there. Three titans, Endeavour Mining, Roxgold and Orezone have mines located there. Endeavour has a gold mine producing 190,000 oz/yr at an all-in-cost of US$714.
According to Nexus Gold’s Power point:
— Gold mineralization was first identified on the Bouboulou area by Boliden in 1997 where a Regional Rotary Air Blast drilling program outlined a broad northeast trending gold anomaly measuring 13km by 2 km over what is now the Bouboulou permit. The concession was then explored by Riverstone Resources and Roxgold Inc.
— Highlights of these surface exploration programs include; surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property termed Koala, Rawema, Bouboulou 2 and Pelgtanga.
— Roxgold later completed reverse circulation (RC) and diamond drilling (DD) to test the four mineralized zones.
All three of the Bouboulou trends identified are defined by similar coincidental anomalies.
— Each trend has substantial artisanal workings either directly on them or along the trend.
— The geochemical and geophysical data collected thus far on the Buoboulou property, the fact that the known gold bearing Sabce shear zone bisects the property, and the abundance of artisanal workings, all attest to the gold mineralization on the property.
— The potential for two types of gold deposits exist on the property. The PR and KB trends appear to be lithologically controlled and would be more likely to potentially host gold deposits consistent with the belt in the 20 to 40 million tonne range at grades of 1 to 3 grams per tonne.
— The B2 trend being oblique to the main shear could possibly host a higher grade lower tonnage type deposit in the 5 to 7 million tonne range at grades of 5 to 7 grams per tonne.
–It should be emphasized that these statements are based on analysis of available data and are not meant to suggest deposits exist as noted. Nexus Gold plans to further drill test the property to validate the modelling and establish the extent of mineralization present.
New Zone at Bouboulou
As reported in the September 8, 2016 Nexus Gold news release, a new area of interest has been observed on the property due to an increase in artisanal mining activity.  Upon the initial property visit the company geologist noted a large orpaillage (area worked by artisanal miners).  The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics and meta-sediments with cross cutting quartz veins and stringers. The orpaillage extends for some 250 meters along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone. This same shear zone also hosts Norgold’s Bissa Hills mine.
Eight grab samples were taken from artisanal workings of the four known gold zones on the property in early September, 2016.  As reported in the Company news release of September 27, 2016, six of the eight samples returned gold values, including 2.8 g/t Au and 5.5 g/t Au, respectively, at Bouboulou 2.
On Nov 22nd the company signed an LOI to acquire the NIANGOUELA GOLD CONCESSION, which along with the BOUBOULOU GOLD CONCESSION means Nexus has 2 highly prospective advanced gold exploration projects, located only one hour from each other in West Africa.

The 178 square kilometre Niangouela concession is located on the Boromo Greenstone Belt, same as the Company’s Bouboulou Gold Concession and is proximal to the Kalsaka deposit. The property is road accessible and has one major orpaillage (artisanal workings).

 

To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1137 samples have been collected. Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession.

 

This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters

 

NEVADA
There are many major trend lines in Nevada – the most famous in the world is the Carlin Trend. Nevada is the fourth largest gold producing region in the world, and produces 79% of all gold mined in the USA*.
Nexus Gold property is the Walk Ridge property which is situated in the Independence & Jerritt Canyon Trend. This trend is just slightly north east of the Carlin Trend where Barrick along with other majors have producing mines. The Walker Ridge property is right between the Jerritt Canyon Mine and the Big Springs Deposits. The Jerritt Canyon mine is a 11 million ounce past and present producing mine and the Big Spring Deposit is a 1.2 million ounce deposit –Nexus Gold is surrounded with excellent prospects. Juniormioners.com
According to the Nexus PowerPoint:
— In October and November of 2014 Nexus Gold employed a leading-edge, innovative Element Detection Technology (EDT) at Walker Ridge. This technique has been successfully used by a small group of petroleum clients over the last five years.
— The survey was conducted at Walker Ridge in an effort to refine drill hole selection and potentially reduce costs traditionally associated with exploration drilling.
— VitalGEOSURVEY™ utilizes a proprietary method of detecting the presence of a targeted material – in this case gold (Au) – by injecting energy into the ground and then measuring telltale reactions at the atomic level. If the gold is present a signature response is induced permitting its detection from the surface. Multiple responses over given areas are then noted as “clusters”, with more pronounced readings within the clusters catalogued as “points of interest”.
 — The fall survey at Walker Ridge identified gold atomization in 34 points of interest within eight clusters over approximately a two-square-mile area within the Nexus claim block.
–Seven of the eight VitalGEOSURVEY™ clusters are coincidental to anomalous mercury and antimony geochemical results as well as CSAMT and gravity geophysical anomalies previously identified on the property.
In the summer and fall of 2015 the Company drill tested Walker Ridge for the very first time which showed both gold and silver mineralization. Drill hole WR-2015-01 intersections of mineralization were encountered over a 355-foot section (2,453 – 2,808 ft) in the lower plate host rocks of 15 feet of gold averaging 1.57 g/t (including 3.22 g/t over 5ft.) and 205 feet of elevated silver averaging 10 g/t (including 18 g/t over 20 feet)
In Summary
Nexus Gold has the ingredients to be a very successful mining company. Properties located in rich Nevada and Burkina Faso along major trend lines should offer comfort to shareholders and potential shareholders.
Management has vast experience in both the corporate and mining arenas. Both the President  Peter D. Berdusco and Chairman Alex Klenman bring close to 50 years combined experience in finance, communications and corporate development. I cannot stress this enough! There are WAY too many exploration companies being run by geologists who have NO clue on how to run a company and how to raise money in especially in challenging markets. I have met a lot of them. They wear their impenetrable hardhats when any one tries to offer them advice on how to really run a company – one that will benefit shareholders. They are then left holding their hats by their side wondering, “why isn’t our darn stock price rising when we hold great assets?”, hmmm, can’t be that I don’t know how to run a company, must be the secretary’s fault!
The management at Nexus is run by individuals who are strong managers who can raise money and know how to tell the story properly. They have surrounded themselves with a team of geological experts both who are both on, and an arms length of the board.
We look forward to updating you on Nexus Gold.
Happy Investing!
Dr. Kal Kotecha
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