Application for expanding the Dakouli 2 permit approved

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Application for expanding the Dakouli 2 permit approved

The Government of Burkina Faso has approved Nexus Gold Corp’s application for expanding the Dakouli 2 permit. Ministre de L’Energie des Mines et Les Carriers gave the go ahead and said the expansion of the Dakouli 2 project will see the exploration permit being expanded by 1.39 square kilometers.

The expansion extends the permit coverage westward from its original configuration and now encompasses areas first identified in 2013 where  previous explorers collected  rock grab samples retuning results of 1.75 grams-per-tonne (“g/t”) gold (”Au”), 2.14 g/t Au and 2.32 g/t Au.  These rock samples are described as white quartz veins hosted in red granite.

Subsequent to the rock sampling a program of Aircore and Reverse Circulation (“RC”) drilling was used to investigate the area. The drill program consisted of four RC holes for 430m (PNRC001-003,009) and 12 AC holes for 250m (PNAC001-012).

Drilling results

The best reported results from this drilling are 12 meters of 1.01 g/t from hole PNRC001, and 36m of 0.51 g/t in hole PNRC003.    Reported Drilling described that the main gold mineralization is associated with a fine-grained syenite dyke with sulphide and quartz veining up to 14m thick.  It’s interpreted that this dyke is striking to the north east and dipping to the south.

In late 2020 the Company conducted a Reverse Circulation (“RC”) drill program at the 98-sq kms concession consisting of 2,914 meters of exploratory drilling.  The first-ever drill program on the property was designed to test several areas that have returned either high gold values from rock samples or coincidental soil geochemical and geophysical anomalies proximal to artisanal workings (“orpaillages”).

In addition, several holes returned lengthy intercepts of sub-one gram gold, including DKL-20-RC-006 which returned .59 g/t Au over 18 meters, DKL-20-RC-017, which returned .91 g/t Au over 10m, and DKL-20-RC-002 which returned .64 g/t Au over 16 meters.

Drilling has so far primarily been confined to a small section in the upper northeastern portion of the concession ground. The Dakouli 2 exploration permit is a nearly 100-sq km (10,000 hectares) gold exploration property located approximately 100 kilometers due north of the capital city Ouagadougou. Situated on the Goren greenstone belt, Dakouli is proximal to Nordgold’s Bissa Mine, and is bisected by the gold-bearing Sabce shear zone.

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