An Initial reconnaissance program was attempted in January but due to flooding in the area the program was cut short. Values ranged from 1 ppb gold to 327 ppb gold. Historical silt sampling with the permit area was also completed in 2008 with 38 silts samples being collected from drainage and seeps on the property.

This early work outlined a two-kilometer northeast-southwest trending soil anomaly straddling the contract between andesitic rocks and basaltic rocks within the Hounde greenstone belt. Historical work on the Fofora property has consisted of soil geochemistry and silt sampling completed in 2008 by Volta Resources. Zareian.įig 1: Nexus Gold projects, significant deposits/mines, Burkina Faso, West Africa We have work to be done, but we’re committed to increasing our market cap and unlocking the value of our projects,” continued Mr.

We are eager to move Nexus forward and begin to develop our projects. The potential for further impactful discoveries, for the delineation of additional sizeable resources, is as good as any place on the planet. “The gold endowment in West Africa, and specifically in Burkina Faso, is well established. “We’re pleased to potentially add this highly prospective project to our existing West African portfolio,” said CEO, Milad Zareian. The Hounde Greenstone Belt is host to several large-scale operating gold mines, including Endeavour’s Mana and Hounde Mines, Futurna Silver’s Yaramoko Mine as well as multiple other producing mines and large-scale discoveries. The Fofora permit is located on the eastern side of the Hounde greenstone belt in the Kampti department in the province of Poni, near the border with Cote D’Ivoire. (“ Nexus Gold ” or the “ Company ”) (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) is pleased to announce it has signed a non-biding letter of intent to acquire a 90% interest in the 6,200-ha (62km²) Fofora Gold Project exploration permit located 450km to the southwest of Ouagadougou, Burkina Faso, West Africa. Vancouver, BC – TheNewswire – Ma– Nexus Gold Corp.

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