(Dakouli 2 concession with bisecting Sabce faults in red. Image via Nexus Gold Corp.)
Gold mining has long played a significant role in Burkina Faso’s economy. A top-five producer among African nations, roughly 62 metric tonnes of gold was produced last year and gold reserves have been estimated at around 154 metric tonnes ….
Located in the heart of this country is Canadian-based gold exploration and development Company,
Nexus Gold Corp. (TSX-V: NXS, OTC: NXXGF, Forum), who recently announced exciting developments at its 100% owned Dakouli 2 Gold Project.
NXS has engaged
Forage Technic Eau Drilling to conduct a minimum 3000 meters of reverse circulation drilling, scheduled to commence in late October. This maiden drill program and will be testing depth extensions of geochemical gold anomalies identified through termite mound sampling, soil grid geochemistry that identified three anomalous gold trends crossing the property and finally rock geochemistry which has returned higher grade gold results from selective grab samples extracted from artisanal mining areas.
In
an October 2020 news release on this announcement for investors, Nexus Gold President and Chief Executive Officer, Alex Klenman explained that Dakouli offers several compelling attributes that a resource company likes to see prior to drilling.
“Favourable geology and defined geochemical signatures, strong assay results from subsurface sampling, and a very active artisanal mining presence, all indicate the mineralization is abundant across this large main zone. It's basically ripe for discovery. This round of drilling will focus in this main area, but it's also worth noting there are several other hot spots across the nearly 10,000 hectares. The project has many layers to peel, we're excited to begin the next phase of more advanced exploration activities.”
Nexus Gold provided this table of the higher grade samples, and the depths ….
| Dakouli Highlight Samples to Date |
| Sample-ID |
Depth |
g/t Au |
| DKL-004 |
8m |
27.5 |
| DKL-010 |
18m |
4.93 |
| DKL-011 |
10m |
29.5 |
| DKL-012 |
8m |
12.4 |
| DKL-022 |
25m |
11.1 |
| DKL-023 |
40m |
17.6 |
| DKL-027 |
40m |
10.8 |
| DKL-031 |
30m |
10.9 |
| DKL-032 |
50m |
12.8 |
| DKL-036 |
40m |
98.9 |
| DKL-038 |
50m |
49.7 |
| DKL-039 |
50m |
11.1 |
| DKL-040 |
50m |
7.48 |
In other recent news, Nexus Gold had stated that a
reconnaissance and sampling program was also underway at its Dakouli 2 Gold concession.
The Company added that geologists have been at the site for months to both determine drill pad sites for the upcoming maiden drill program, scheduled for the fall, and to conduct sampling in and around the expanded zone.
“The project has never been drilled, and with what we've seen in samples and the level of artisanal activity, there is no doubt it's a compelling target. Mineralization appears to be abundant. This current recon program will provide updates on the scope of current artisanal activity, the length and depth of their efforts, some sample numbers from newly broken ground of the orpaillage, and most importantly, drill targets and drill pad locations,” – CEO Klenman.
This valuable project is one of five in Nexus’ West African-based portfolio, encompassing over 750-sq. kms. of land located on active gold belts and proven mineralized trends. The Dakouli 2 exploration permit is a 98-sq. km. (9,800 hectares) gold exploration property located approximately 100 kilometers due north of Burkina Faso’s capital city Ouagadougou.
Company geologists conducted a comprehensive ground reconnaissance program in late 2018 and collected rock samples that contained various concentrations of visible gold, including coarse nuggety samples. Of the first 40 samples collected, 20 have returned assay values greater than 1 g/t Au, with multiple samples showing various concentrations of visible gold returning values between 7.48 g/t Au and 98.9 g/t Au (see image above).
With gold prices holding steady around $1,900 an Oz. for most of October 2020 mainly due to strength of the US dollar, analysts now expect gold prices to jump over the next few weeks and yield a “lasting price upswing”. This is a good time to engage Canadian companies doing work around the world, such as Nexus Gold Corp. and do deeper due diligence into what this Company has to offer.
For more information please visit
nexus.gold.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.