Bouboulou Concession in Burkina Faso
Dec 5, 2016
Nexus Gold Corp. (NXS.V) (OTC:NXXGF) (FFT.NGE) 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.
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.
— 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.
http://nexusgoldcorp.com/index.php/news-releases/2016-news
