A RESOURCE EXPLORATION
AND DEVELOPMENT COMPANY
Nexus Gold Corp. is a Vancouver-based mineral exploration company focused on gold development projects in some of the world's premier exploration and mining districts.
The company is currently developing the Bouboulou Gold Concession, located in Burkina Faso, West Africa. The near-surface exploration project has numerous historical gold occurrences of both length and grade. The property was previously explored by Riverstone Resources and Roxgold Inc.
In addition Nexus also has been developing the Walker Ridge Gold Project, located in the Jerritt Canyon/Independence Gold Trend in northeastern Nevada. Walker Ridge is a drill-ready, multiple target, Carlin-type gold exploration property. The company has spent $1m in development work since 2012, which includes the first-ever drill hole at Walker Ridge that returned both gold and silver mineralization in the lower plate host rocks.
Nexus Gold trades on the TSX Venture Exchange under the symbol NXS.
Bouboulou Gold Concession, Burkina Faso Trend Analysis
Warren Robb, P.Geo The three trends located on the Bouboulou property are all components of the larger regional Sabce shear zone that trends north easterly across the Goren greenstone belt. Deposits occurring along this belt include the Bissa Hills deposit Proven and Probable reserves 48 million tonnes @1.33 grams per tonne gold, the Boully deposit proven and probable reserves of 73 million tonnes @0.56 grams per tonne, the Kalsaka deposit measured and indicated resource 12 million tonnes @1.6 grams per tonne, and the Bouda deposit inferred resource of 5 million tonnes @ 1.44 grams per tonne. The PR trend is defined by the mineral occurrences identified by drilling namely at the Peletanga zone drill holes (RC042) and the Rawema zone drill holes (RC013 and DDH05). Rab drilling conducted in 2011 returned anomalous gold zones (shown as the warming colors on the image overlay PR RAB). The supplemental RAB data from 2012 is shown as the red, yellow and orange pins. The 2012 data infills the anomalous zones identified by the 2011 RAB drilling. You will notice that the trend continues to the north east right (upper right) onto the Bouda deposit mentioned above. The second image shows the Line Directional Mag over the same area. The trend is consistent with the break from the warm colors to cooler colors. This break in geology could represent a suitable trap for gold concentration as indicated from the drilling at the above mentioned zones. On our last field visit in September drill collars RC001, RC002 and DDH5 were confirmed in the field.
The KB Trend is defined by the mineralized zones identified by drilling at the Kaola Zone and then infill RAB data from 2012. See the KB TREND RAB image below.
The geochemical trend is then again coincidental with the Line Directional Mag appearing as the blue zones again showing a potential geological trap zone which could be hosting gold mineralization.
KB TREND Line directional mag The final trend of the three is the B2 TREND which is oblique to the previous two trends. This trend again is identified by drilling at the Bouboulou 2 zone but crosscuts the KB trend and then trends south identified by 2012 Rab data (see image B2 TREND RAB). The Line Directional Mag does not display a similar break pattern as seen in the previous two trends but the trend is consistent with a number of artisanal workings.
All three of these trends are defined by similar coincidental anomalies each trend has substaintial 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 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. ADDENDUM Bouboulou Historical Drill Results Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t. Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The following tables represent historical drill results as reported by Roxgold.