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$NXXGF Nexus Gold Provides Corporate Update https://www.otcmarkets.com/stock/NXXGF/news/N...?id=237847
$NXXGF $NXS.v Nexus Gold Enters LOI to Acquire Multi-Project West African Gold Portfolio
https://www.marketwatch.com/press-release/nexus-gold-enters-loi-to-acquire-multi-project-west-african-gold-portfolio-2019-07-22-9249231?mod=mw_quote_news
$NXXGF VANCOUVER, BC / ACCESSWIRE / June 25, 2019 / Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce it has received assay results from the initial ground reconnaissance program at the Company's 100% owned, 1,348-hectare, McKenzie Gold Project, located at Red Lake, Ontario.
https://www.nexusgoldcorp.com/news/2019-news/exusoldeturnsighrade135gtuampleatcenzie20190625
The Company intends to conduct a due diligence review of the Permits, following which the board of directors will make a decision as to whether to proceed with the acquisition and will finalize definitive terms with Aurem. Completion of the acquisition of the Permits remains subject to a number of conditions, including satisfactory completion of due diligence, negotiation of definitive documentation and receipt of any required regulatory approvals. The acquisition cannot be completed until these conditions are satisfied, and there can be no assurance that the acquisition will be completed in a timely fashion, or at all. The Company will provide further information regarding the acquisition as due diligence progresses.
Historical data referenced in this news release is public domain information. Readers are cautioned that the Company's Qualified Person has not yet verified the laboratory reports involved with the analysis of the results referenced herein.
* Permit applications in process
** Exact location of historical results to be confirmed from public domain information
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting developmental phases on its five 100%-owned Canadian projects, namely the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and three prospective gold-copper projects (3,300-ha) in the province of Newfoundland. For more information please visit www.nexusgoldcorp.com.
Warren Robb P.Geo., 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.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
www.nexusgoldcorp.com
$NXXGF
“The ground under consideration by Nexus in Gabon is a very large area that is highly prospective for gold,” said Ian Stalker, non-executive Chairman. “Previous work by earlier operators has indicated the potential for high-grade resources, and indeed the work done previously is an excellent starting point for us, saving the Company millions of dollars of upfront expenditures. Gabon itself is a very stable environment in which to work and has had little recent geological work undertaken. We feel it offers the Company a strong opportunity to be at the forefront of the development of a potentially new and exciting gold province,” continued Mr. Stalker.
“The historical work and regional data we have examined so far is compelling,” said Alex Klenman, president & CEO. “We are eager to dive more vigorously into the due diligence process here and acquire as much data on the concessions as possible. This is very much a district-scale opportunity for Nexus. Land packages of this size with exploration upside don’t come along every day. With the gold price showing significant strength recently and the potential to reach even greater levels in the near future, an acquisition of this type and scale has the ability to add substantial value,” continued Mr. Klenman.
Approximately 1,000 meters of core drilling was completed in the central gold-in-soil anomaly of one of the permits* and high-grade gold mineralisation in a 120m wide deformational zone was encountered. Results included 2 m at 5.3 g/t Au (including 1 m at 9.5 g/t Au) in the first drill line and 2.2 m at 4.5 g/t Au (including 1 m at 9.1 g/t Au) in the second drill line. High-grade intersects occur in a sheared amphibolite and amphibole-rich dioritic gneiss with related brittle-ductile deformation**.
$NXXGF
The climb since lunch is continuing NXXGF
Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has entered into a letter of intent with Aurem Resources SARL (“Aurem”), an arms’-length party, pursuant to which it will look to acquire the rights to any or all of three exploration permits (collectively, the “Permits”), totaling up to 4,102 square kilometers (over 1,500-sq miles), located in Gabon, West Africa.
$NXXGF Company Highlights
Active explorer and developer with over 560 kms of highly prospective ground in gold-rich Burkina Faso, West Africa
100% owned New Pilot Project, a 1200-acre gold-copper project in the Bridge River Mining Camp, British Columbia Canada
100% owned McKenzie Gold Project, 1,300-hectare exploration target with high-grade potential in the historic Red Lake district, Ontario, Canada
Flagship Bouboulou-Rakounga project (288-sq kms) includes eight drill-tested gold zones contained in over 16 km of trend. Drilling (over 60 holes, both historical and current) has returned significant gold intercepts of both length and grade.
High-grade discovery at the 178-sq km Niangouela project returned several drill intercepts of note (e.g. 26.69 g/t Au over 4.85m including 132 g/t Au over 1m) as well as several significant samples (2,950 g/t Au, 403 g/t u).
100-owned 98-sq km Dakouli 2 Project featuring abundant visible gold, including coarse nuggety samples grading up to 29.5 g/t Au
Experienced and proven team with successful discovery, development and mining experience in Canada and West Africa. Significant equity position (approximately 17%) held by Sandstorm Gold (TSX: SSL).
Experienced and proven team with successful discovery, development and mining experience in Canada and West Africa. Significant equity position (approximately 17%) held by Sandstorm Gold (TSX: SSL).
$NXXGF Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting developmental phases on its three 100%-owned Canadian projects, McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and the GB Gold-Copper Project, located in Newfoundland. For more information please visit http://www.nexusgoldcorp.com
Historical results on the main mineralized trend just north east and on the boundary of one of the prospects, and strikes into the property with gold anomalism being present, include intercepts of 9 m at 7.6 g/t Au; including 3.85 m at 15.7 g/t Au, 13.5 m at 1.5 g/t Au; including 1 m at 7.5 g/t Au, 3 m at 3.3 g/t Au; including 1 m at 4.5 g/t Au, 15 m at 37.7 g/t Ag; including 4.5 m at 61.4 g/t Ag.
$NXXGF
Throughout the concession areas gold mineralization appears to have strong structural controls, concentrating along lithological contacts and structural breaks. Two styles of gold mineralization have been observed: A pyrite-rich massive sulphide sitting at the contact of a deformed mafic volcano-sedimentary sequence and a thick black shale unit. The massive sulphide is reported to host a drill intercept of 9 meters at 7.6 grams-per-tonne (“g/t”) gold (“Au”)** and is gold-arsenopyrite bearing quartz veins hosted on lithological contacts and within shear zones which assayed between 2 g/t to 7 g/t Au**.
$NXXGF
Nexus Gold .07 $NXXGF Investor Presentation - https://www.nexusgoldcorp.com/images/presentation/2018/dec/Nexus_Gold_-_January_2019.pdf
$NXXGF good news this morning
https://finance.yahoo.com/news/nexus-gold-enters-loi-acquire-130000604.html
VANCOUVER, BC / ACCESSWIRE / July 22, 2019 / Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has entered into a letter of intent with Aurem Resources SARL (“Aurem”), an arms’-length party, pursuant to which it will look to acquire the rights to any or all of three exploration permits (collectively, the “Permits”), totaling up to 4,102 square kilometers (over 1,500-sq miles), located in Gabon, West Africa. If completed, the Permits would form part of the Company’s existing portfolio of exploration stage gold projects in West Africa.
$NXXGF Link to OTC Markets: https://www.otcmarkets.com/stock/NXXGF/overview
$NXXGF .07 Undiscovered Gold Mining Company About To Make Waves...
$NXS.V $NXXGF Growing portfolio of gold exploration & development projects, greenfield to advanced exploration stage, on two continents, in proven and prolific mining districts. Updated presentation here: https://t.co/ymJFtXZQlF pic.twitter.com/k3kXe2vrO0
— Nexus Gold Corp (@NexusGoldCorp) July 3, 2019
$NXXGF Next 12-18 Months
Company will execute ongoing exploration
and drill programs at the Niangouela and
Bouboulou-Rakounga prospects with the
objective of delivering a compliant resource
estimate
• Exploration dollars will be focused on
maximizing economic intercepts and
establishing additional mineralized zones
• Continue to do due diligence on properties
of merit in an effort to acquire additional
gold exploration/development prospects in
Burkina Faso and other gold-rich
jurisdictions
The company photo gallery: https://www.nexusgoldcorp.com/projects/photo-gallery
$NXXGF
Company Highlights
Active explorer and developer with four project (over 560 kms of highly prospective ground) in gold-rich Burkina Faso, West Africa, and five projects (over 5,000-ha), in three proven and prolific mining districts across Canada
100% owned McKenzie Gold Project, 1,300-hectare exploration target with multiple high-grade (up to 331 g/t Au) samples to date in the historic Red Lake mining camp, Ontario, Canada
Flagship Bouboulou-Rakounga project (288-sq kms) includes eight drill-tested gold zones contained in over 16 km of established gold trend. Drilling (over 60 holes, both historical and current) has returned significant gold intercepts of both length and grade.
High-grade discovery at the 178-sq km Niangouela project returned several drill intercepts of note (e.g. 26.69 g/t Au over 4.85m including 132 g/t Au over 1m) as well as several significant samples (2,950 g/t Au, 403 g/t u).
100%-owned 98-sq km Dakouli 2 Project featuring abundant visible gold, including coarse nuggety samples grading up to 29.5 g/t Au
Experienced and proven team with successful discovery, development and mining experience in Canada and West Africa.
Significant equity position by Sandstorm Gold (TSX: SSL).
NXXGF
For further information on $NXXGF please contact:
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
Company Website
http://www.nexusgoldcorp.com
$NXXGF
Nice to see the projects Robert. Thanks.
$NXXGF
That is huge news! I think that will hit a lot of radars.
$NXXGF
Huge News!!
$NXXGF Nexus Gold Enters LOI to Acquire Multi-Project West African Gold
ACCESSWIRE ACCESSWIRE•July 22, 2019
Assets covering 4,000-sq km of gold exploration projects in Gabon, West Africa
Historical drill results include 7.6 g/t Au over 9 meters, including 15.7 g/t Au over 3.85 meters**
VANCOUVER, BC / ACCESSWIRE / July 22, 2019 / Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to announce that it has entered into a letter of intent with Aurem Resources SARL (“Aurem”), an arms’-length party, pursuant to which it will look to acquire the rights to any or all of three exploration permits (collectively, the “Permits”), totaling up to 4,102 square kilometers (over 1,500-sq miles), located in Gabon, West Africa. If completed, the Permits would form part of the Company’s existing portfolio of exploration stage gold projects in West Africa.
The project portfolio consists of three different concessions, each encompassing between 1,200 and 1,500-sq kms, in Gabon, which is located on the west coast of Africa and is serviced by excellent infrastructure including a deep-water port at the capital city of Libreville. The projects are ideally located within 300 km of Libreville. The permits pursuant to this LOI are currently under application and the Company anticipates they will be issued shortly. Gabon has a proven investor friendly environment with a large oil and gas industry being present over several decades and is considered underexplored for precious metal deposits compared to other countries in the region.
Throughout the concession areas gold mineralization appears to have strong structural controls, concentrating along lithological contacts and structural breaks. Two styles of gold mineralization have been observed: A pyrite-rich massive sulphide sitting at the contact of a deformed mafic volcano-sedimentary sequence and a thick black shale unit. The massive sulphide is reported to host a drill intercept of 9 meters at 7.6 grams-per-tonne (“g/t”) gold (“Au”)** and is gold-arsenopyrite bearing quartz veins hosted on lithological contacts and within shear zones which assayed between 2 g/t to 7 g/t Au**.
Historical results on the main mineralized trend just north east and on the boundary of one of the prospects, and strikes into the property with gold anomalism being present, include intercepts of 9 m at 7.6 g/t Au; including 3.85 m at 15.7 g/t Au, 13.5 m at 1.5 g/t Au; including 1 m at 7.5 g/t Au, 3 m at 3.3 g/t Au; including 1 m at 4.5 g/t Au, 15 m at 37.7 g/t Ag; including 4.5 m at 61.4 g/t Ag.
“The ground under consideration by Nexus in Gabon is a very large area that is highly prospective for gold,” said Ian Stalker, non-executive Chairman. “Previous work by earlier operators has indicated the potential for high-grade resources, and indeed the work done previously is an excellent starting point for us, saving the Company millions of dollars of upfront expenditures. Gabon itself is a very stable environment in which to work and has had little recent geological work undertaken. We feel it offers the Company a strong opportunity to be at the forefront of the development of a potentially new and exciting gold province,” continued Mr. Stalker.
“The historical work and regional data we have examined so far is compelling,” said Alex Klenman, president & CEO. “We are eager to dive more vigorously into the due diligence process here and acquire as much data on the concessions as possible. This is very much a district-scale opportunity for Nexus. Land packages of this size with exploration upside don’t come along every day. With the gold price showing significant strength recently and the potential to reach even greater levels in the near future, an acquisition of this type and scale has the ability to add substantial value,” continued Mr. Klenman.
Approximately 1,000 meters of core drilling was completed in the central gold-in-soil anomaly of one of the permits* and high-grade gold mineralisation in a 120m wide deformational zone was encountered. Results included 2 m at 5.3 g/t Au (including 1 m at 9.5 g/t Au) in the first drill line and 2.2 m at 4.5 g/t Au (including 1 m at 9.1 g/t Au) in the second drill line. High-grade intersects occur in a sheared amphibolite and amphibole-rich dioritic gneiss with related brittle-ductile deformation**.
The Company intends to conduct a due diligence review of the Permits, following which the board of directors will make a decision as to whether to proceed with the acquisition and will finalize definitive terms with Aurem. Completion of the acquisition of the Permits remains subject to a number of conditions, including satisfactory completion of due diligence, negotiation of definitive documentation and receipt of any required regulatory approvals. The acquisition cannot be completed until these conditions are satisfied, and there can be no assurance that the acquisition will be completed in a timely fashion, or at all. The Company will provide further information regarding the acquisition as due diligence progresses.
Historical data referenced in this news release is public domain information. Readers are cautioned that the Company's Qualified Person has not yet verified the laboratory reports involved with the analysis of the results referenced herein.
* Permit applications in process
** Exact location of historical results to be confirmed from public domain information
About the Company
Nexus Gold is a Vancouver-based gold exploration and development company with a portfolio of active projects in West Africa and Canada. The Company is concentrating its efforts on establishing a compliant resource at one or more of it's four current West African-based projects which total over 560-sq kms (56,000+ hectares) of land located on active gold belts and proven mineralized trends, while also conducting developmental phases on its five 100%-owned Canadian projects, namely the McKenzie Gold Project in Red Lake, Ontario, the New Pilot Project, located in BC's historic Bridge River Mining Camp, and three prospective gold-copper projects (3,300-ha) in the province of Newfoundland. For more information please visit http://www.nexusgoldcorp.com.
Warren Robb P.Geo., 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.
On behalf of the Board of Directors of
NEXUS GOLD CORP.
Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
http://www.nexusgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
SOURCE: Nexus Gold Corp.
View source version on accesswire.com:
https://www.accesswire.com/552793/Nexus-Gold-Enters-LOI-to-Acquire-Multi-Project-West-African-Gold-Portfolio
$NXXGF Twitter https://twitter.com/NexusGoldCorp
Next 12-18 Months
Company will execute ongoing exploration
and drill programs at the Niangouela and
Bouboulou-Rakounga prospects with the
objective of delivering a compliant resource
estimate
• Exploration dollars will be focused on
maximizing economic intercepts and
establishing additional mineralized zones
• Continue to do due diligence on properties
of merit in an effort to acquire additional
gold exploration/development prospects in
Burkina Faso and other gold-rich
jurisdictions
$NXXGF
$NXXGF Nexus Gold Corp - 5 projects in Canada (5,000 hectares), in three proven districts, that compliments our large presence (4 projects, 560-sq kms) in Burkina Faso, West Africa. Learn more about us here: http://www.bit.ly/2D5y4WO
$NXXGF Investor Presentation - https://www.nexusgoldcorp.com/images/presentation/2018/dec/Nexus_Gold_-_January_2019.pdf
That close should have hit some radars.
$NXXGF
Watching for an update soon here. https://finance.yahoo.com/quote/NXXGF?p=NXXGF&.tsrc=fin-srch
$NXXGF
$NXXGF Company Highlights
Active explorer and developer with over 560 kms of highly prospective ground in gold-rich Burkina Faso, West Africa
100% owned New Pilot Project, a 1200-acre gold-copper project in the Bridge River Mining Camp, British Columbia Canada
100% owned McKenzie Gold Project, 1,300-hectare exploration target with high-grade potential in the historic Red Lake district, Ontario, Canada
Flagship Bouboulou-Rakounga project (288-sq kms) includes eight drill-tested gold zones contained in over 16 km of trend. Drilling (over 60 holes, both historical and current) has returned significant gold intercepts of both length and grade.
High-grade discovery at the 178-sq km Niangouela project returned several drill intercepts of note (e.g. 26.69 g/t Au over 4.85m including 132 g/t Au over 1m) as well as several significant samples (2,950 g/t Au, 403 g/t u).
100-owned 98-sq km Dakouli 2 Project featuring abundant visible gold, including coarse nuggety samples grading up to 29.5 g/t Au
Experienced and proven team with successful discovery, development and mining experience in Canada and West Africa. Significant equity position (approximately 17%) held by Sandstorm Gold (TSX: SSL).
Experienced and proven team with successful discovery, development and mining experience in Canada and West Africa. Significant equity position (approximately 17%) held by Sandstorm Gold (TSX: SSL).
$NXXGF Nexus Gold Corp - 5 projects in Canada (5,000 hectares), in three proven districts, that compliments our large presence (4 projects, 560-sq kms) in Burkina Faso, West Africa. Learn more about us here: (link: http://bit.ly/2D5y4WO) bit.ly/2D5y4WO
?$NXXGF news possibly coming this week?
?https://finance.yahoo.com/quote/NXXGF?p=NXXGF&.tsrc=fin-srch?
+16% on last Friday, bodes well for today and this week!? $NXXGF
$NXXGF .07 Undiscovered Gold Mining Company About To Make Waves...
$NXS.V $NXXGF Growing portfolio of gold exploration & development projects, greenfield to advanced exploration stage, on two continents, in proven and prolific mining districts. Updated presentation here: https://t.co/ymJFtXZQlF pic.twitter.com/k3kXe2vrO0
— Nexus Gold Corp (@NexusGoldCorp) July 3, 2019
$NXS.V $NXXGF Growing portfolio of gold exploration & development projects, greenfield to advanced exploration stage, on two continents, in proven and prolific mining districts. Updated presentation here: http://bit.ly/2Xhmsq4
$NXS.V $NXXGF Nexus Gold Corp - 5 projects in Canada (5,000 hectares), in three proven districts, that compliments our large presence (4 projects, 560-sq kms) in Burkina Faso, West Africa. Learn more about us here: http//www.bit.ly/2D5y4WO
Questions On $NXXGF
Contact info@nexusgoldcorp.com
Press Releases (link: https://www.nexusgoldcorp.com/news/2019-news) nexusgoldcorp.com/news/2019-news
About (link: https://www.nexusgoldcorp.com/corporate/about-us) nexusgoldcorp.com/corporate/abou…
Corporate Presentation (link: https://www.nexusgoldcorp.com/investors/corporate-presentation) nexusgoldcorp.com/investors/corp…
Management (link: https://www.nexusgoldcorp.com/corporate/management-and-directors) nexusgoldcorp.com/corporate/mana…
#Stocks #Goldstocks #Miningstcks #Pennystocks #OTCQBStocks #Gold
$NXXGF "McKenzie represents a high-grade opportunity for Nexus in a prolific, world-class district," said president & CEO, Alex Klenman. "To date the project has now produced several bonanza-grade samples. We have just begun our work there so to add more of this type of result at the outset is certainly encouraging. McKenzie is a flagship property for us, one that we believe has considerable upside. We're going to obtain as much data as we can in the next few months to best define our drill targets moving forward. With a handful of high-grade results having now been documented and obtained, McKenzie is trending in a very positive direction. We're looking forward to the development work ahead," continued Mr. Klenman.
"We are extremely encouraged with what our prospecting has identified thus far," said Company Geologist and VP Exploration, Warren Robb. "We look forward to hitting the ground a little harder over the summer months to identify new and delineate known mineralization," continued Mr. Robb.
https://www.nasdaq.com/press-release/nexus-gold-returns-highgrade-135-gt-au-sample-at-mckenzie-gold-project-red-lake-ontario-20190625-00458
$NXXGF YouTube:
http://www.youtube.com/channel/UCCdKe…
Facebook: http://www.facebook.com/NexusGoldCorp/
Twitter: http//www.twitter.com/NexusGoldCorp
Linkedin:
http://www.linkedin.com/company/nexusg…
Corporate Presentation:
http://www.nexusgoldcorp.com//corp…
#Stocks #OTCQB #Pennystocks #Goldstocks #Gold #Mining #Goldbugs
Nice News Today. The Gold Sector Is Heating Up And I Think We Have a Nice Sleeper Here.
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