Nexus Gold issues update on Dakouli 2 Gold Concession
Nexus Gold Corp has released an update on the Dakouli 2 Gold Concession in Burkina Faso citing promising outlook for the company’s exploration efforts.
The Dakouli 2 property spans 9,800 hectares and hosts several established zones of mineralization. Gold mineralization has been found from near-surface to 200 meters depth, with significant drill intercepts typically occurring around the 100-meter mark.
The Dakouli 2 exploration permit is situated approximately 100 kilometers north of Ouagadougou, the capital city of Burkina Faso. It lies on the Goren greenstone belt and is intersected by the gold-bearing Sabce shear zone, which also hosts Nordgold’s Bissa Mine.
Dakouli 2 Gold Concession
Nexus Gold Corp. has recently paid taxes on the property and intends to raise capital in the near term to fund multiple follow-up work programs throughout the remainder of 2024. Milad Zareian, CEO of Nexus Gold Corp., expressed confidence in the potential of the Dakouli project, especially given the recent positive trends in the gold market. He highlighted West Africa’s status as home to significant gold resources and emphasized the timing for Nexus to advance its operations in the region.
The company conducted a Reverse Circulation (RC) drill program in late 2020, followed by a 2000-meter Diamond Drill program in the summer of 2021. These programs aimed to test areas with high gold values from rock samples or coincidental soil geochemical and geophysical anomalies near artisanal workings.
Several drill holes returned noteworthy intercepts, including DKL-20-RC-006 (.59 g/t Au over 18 meters), DKL-20-RC-017 (.91 g/t Au over 10 meters), and DKL-20-RC-002 (.64 g/t Au over 16 meters). The 2021 Diamond Drill program expanded upon these results.
Company geologists conducted ground reconnaissance programs and identified new near-surface workings exploited by artisanal miners. Follow-up work, including soil geochemical surveys, revealed significant gold trends coinciding with geophysical data.
