Nexus Gold drills 10 m of one g/t Au at Rakounga
2018-10-25 06:39 ET – News Release
Mr. Alex Klenman reports
DRILLING EXTENDS KOALTENGA GOLD ZONE STRIKE LENGTH TO 1200 METERS AT RAKOUNGA CONCESSION
Nexus Gold Corp. has released initial results from the first few holes drilled during its recent reverse circulation drill program completed at the Rakounga gold concession, located 109 kilometres north of Ouagadougou, Burkina Faso.
The reverse circulation drilling was conducted in two portions consisting of stepout drilling on the previously identified gold mineralization at the Koaltenga zone. The goal of the stepout holes was to, if possible, extend the strike length of the Koaltenga gold zone and further define the mineralized structure.
Significant results from the stepout drilling at Koaltenga were obtained in holes RKG-18-RC-027 which returned 1.0 gram per tonne gold over 10 metres (including 2.67 g/t over two metres and 1.25 g/t Au over two metres), hole RKG-18-RC-035 which returned 0.50 g/t Au over 12 metres (including 2.00 g/t over two metres) and 0.40 g/t Au over 10 metres, respectively. These results, combined with the 32 metres of 1.01 g/t Au (including six metres of 2.81 g/t Au and two metres of 5.65 g/t Au) and the 34 metres of 1.00 g/t Au (including four metres of 5.57 g/t Au) recovered from RC holes RKG-17-RC-002 and RKG-17-RC-008, respectively, drilled in November, 2017, now outline a mineralized gold structure with a strike length of at least 600 metres. An additional 600 metres, identified through the recent sampling programs, active orpaillages (artisanal mining activity) and coincidental geophysics, extend the strike length to a total 1,200 metres.
“This is a prominent structure that we’ve found,” said vice-president of exploration, Warren Robb. “The results of the first few holes from the recent program, combined with our soil-grid geochemical program and reinterpretation of the regional geophysical data, outline a coincident anomalous gold trend extending for at least 1,200 metres. This is a significant development and we will execute additional ground work to determine the parameters of this expanding zone,” continued Mr. Robb.
KOALTENGA SIGNIFICANT RESULTS TO DATE
Hole From To Length Grade
(metres) (metres) (metres) (grams/tonne)
RKG-17-RC-001 102 128 26 0.82
includes 108 110 2 4.11
110 112 2 2.44
112 114 2 2.36
RKG-17-RC-002 108 140 32 1.01
includes 112 114 2 2.36
114 116 2 2.99
116 118 2 3.10
120 122 2 5.65
RKG-17-RC-008 102 136 34 1.00
includes 116 118 2 1.80
124 126 2 1.76
126 128 2 6.05
128 130 2 5.09
RKG-17-RC-009 134 156 22 0.57
includes 134 138 4 2.01
RKG-18-RC-027 116 126 10 1.00
includes 118 120 2 2.67
and 122 124 2 1.25
RKG-18-RC-035 66 78 12 0.50
includes 74 76 2 2.00
110 120 10 0.40
includes 112 114 2 1.10
The Koaltenga zone is one of three drill-tested zones at the 250-square-kilometre Rakounga concession, which borders the company’s 38-square-kilometre Bouboulou concession. The company acquired the property in the fall of 2017 and followed up with a successful drill program, confirming significant gold mineralization over three specific zones (see company news releases of Nov. 16, 2017, and Dec. 13, 2017).
The 250-square-kilometre Rakounga concession borders the company’s 38-square-kilometre Bouboulou concession. To date eight distinct gold zones over the 288-square-kilometre (28,000 hectares) combined project area have been identified, sampled and drill tested. Complete results to date are available on the corporate website.
In the summer of 2018 the company completed a nine km soil grid geochemical program designed to investigate the gold-bearing potential on the permit ground occurring between the Koaltenga gold zone, located near the western boundary of the Rakounga concession, and Pelatanga-Rawema gold trend, on the company’s adjacent Bouboulou exploration permit.
Results from the survey successfully identified an anomalous gold trend which extends for approximately 7,000 metres (seven kilometres) along the southwest-northeast axis and broadens to widths of 2,500 metres. The newly identified 7,000-metre gold trend at Rakounga aligns with the five km Pelatanga-Rawema trend previously identified on the adjacent Bouboulou concession, indicating the mineralized footprint at the combined Bouboulou-Rakounga concessions now exceeds 15 km in length.
The company will continue to define through groundwork the extent of mineralization present on the combined Bouboulou-Rakounga project with the goal of producing a compliant resource estimate.
About Nexus Gold Corp.
Nexus Gold is a Vancouver-based gold exploration and development company operating primarily in Burkina Faso, West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of its three current projects. The 38-square-kilometre Bouboulou project comprises no less than five established gold zones contained within three separate five-kilometre gold trends. The adjacent 250-square-kilometre Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of mineralization.
Warren Robb, PGeo, vice-president, exploration, is the designated qualified person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
We seek Safe Harbor.
https://www.nexusgoldcorp.com/news/2018-news
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