Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Company Extends Strike Length at Gold Project
News Update

Share on Stocktwits


Nexus Gold's rock sampling showed visible gold with significant grades at the Dakouli II project and it plans to drill this summer.

Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release that the mineralization at its Dakouli II 9,800 hectare gold concession in Burkina Faso, West Africa, is widespread, and samples have returned double digit grades.

The Vancouver, British Columbia-based company's geologists noticed an uptick in artisanal mining activity there along strike at the main mineralized zone took rock samples. The results have extended the Eastern zone's strike length to the east by about 200 meters (200m). This extension expands the scope of the mineralized zone to more than 400m in an east-to-west direction while north to south it spans more than 200m.

"Dakouli remains a priority for Nexus and one we intend to drill as soon as possible," President and CEO Alex Klenman said in the release. "We feel the upside here is clearly evident, and a compelling case for multiple drill programs has already been established."

Rock samples taken from two zones, to the west and south of the artisanal zone, showed various concentrations of visible gold. Of the 12 Northeast zone samples taken at 8–18m below surface from artisanal shafts and pits, six returned significant gold grades, between 2.9 grams per ton (2.9 g/t) and 29.5 g/t, including 27.5 g/t and 12.4 g/t from samples showing visible gold.

Nexus intends to commence drilling at the end of the rainy season, later this summer.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Nexus Gold. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Nexus Gold, a company mentioned in this article.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe