Nexus Gold subsidiary acquires Manzour-Dayere

Feb 5, 2020

2020-02-04 09:58 ET – News Release

Mr. Alex Klenman reports

NEXUS GOLD ACQUIRES MANZOUR-DAYERE GOLD PROJECT, BURKINA FASO, WEST AFRICA

Nexus Gold Corp.’s wholly owned subsidiary, Nexus Gold Corp. Burkina SARL, has acquired through application a 100-per-cent interest in the 190.53-square-kilometre (19,053-hectare) Manzour-Dayere gold exploration permit located on the Boromo greenstone belt, 325 km southwest of the capital city of Ouagadougou, Burkina Faso, West Africa.

Historical exploration conducted on the property between 2011 and 2014 has identified an area of large artisanal workings (orpaillage) located on the property. Sampling conducted at this time throughout the artisanal workings returned reported high-grade values of 132 grams per tonne gold, 85.4 g/t Au, 61.2 g/t Au and 27.9 g/t Au from select grab samples of quartz veining at the orpaillage, while select grab samples of the sedimentary host rock have returned values of 103 g/t Au and 21.4 g/t Au, respectively.

The workings on the orpaillage are extensive and extend to depths of 60 to 80 metres below surface.

Manzour-Dayere is situated in southwestern Burkina Faso, near the border with Ghana. This area is home to several producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi (Sarama) and Gaoua (B2Gold).

“We are pleased to add Manzour to our portfolio of exploration projects. It’s a large concession in an area of intense artisanal activity, and in a proven belt that is home to some of the country’s most prolific mines,” said president and chief executive officer Alex Klenman. “The limited sample results we have reviewed to date have shown the presence of some compelling high-grade values. We like the potential this suggests and intend to pursue a development plan we can execute in the near term. With drilling at Dakouli 2 planned, development of Bouboulou and now the addition of Manzour, we have a busy year ahead in Burkina,” continued Mr. Klenman.

The company’s in-country geological team is presently compiling all available historical data, as well as conducting continuing sampling and reconnaissance that will assist in identifying priority exploration targets for follow-up work. With the addition of Manzour-Dayere, Nexus now controls over 750 square km of prospective ground in Burkina Faso.

Please note that, while the company considers sampling results from the Manzour-Dayere concession to be accurate, readers are cautioned that a qualified person has been unable to verify the laboratory involved in the analysis of these samples and no documentation was available regarding quality control procedures utilized in the analysis.

About Nexus Gold Corp.

Nexus Gold is a Canadian-based gold development company with an extensive portfolio of 10 exploration projects in West Africa and Canada.

We seek Safe Harbor.

https://www.nexusgoldcorp.com/