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News Update

TICKERS: NXS; NXXGF

Gold-Focused Mining Firm Advancing Numerous Projects
News Update

Source:

Work programs at six of Nexus Gold's Canadian and West African assets are either in the planning stage or in progress.

In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) provided an update on many of its Canadian and West African projects.

In Canada, at McKenzie East in Ontario's Red Lake, the company recently finished 2,000 meters of diamond drilling, assays from which are expected to be available mid-August. The company noted that "the 100%-owned McKenzie Gold Project is a 1,400-hectare high-grade gold prospect located in the heart of the historic Red Lake gold camp, in western Ontario, Canada."

In Newfoundland, "the Company controls a total of four 100% owned projects comprising over 3,000 hectares proximal to established deposits and producing mines." At its Black Ridge, Bauline and GB gold-copper projects, Nexus Gold stated that it plans to start groundwork and reconnaissance programs, to include sampling and historical data mapping, in late summer/early fall.

At the Vancouvera-based company's other Newfoundland project, Dorset, Leocor Ventures, which holds an option on it, started sampling and trenching.

With respect to Nexus Gold's West African assets, it is now planning a fall/winter maiden drill program for its Dakouli 2 gold project in Burkina Faso.

At Rakounga, another gold project in Burkina Faso, option partner Kruger Gold is planning a late summer work program.

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Disclosure:
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.
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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.




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