Nexus Gold to Conduct Geochemical Survey
Nexus Gold announces that it is initiating a 105-line kilometer geochemical survey on the Rakounga permit located in central Burkina Faso, West Africa. The survey is designed to aid in identifying gold mineralization which may occur in the nine-kilometer gap between the Koala showing on the Company's adjacent 38-sq km Bouboulou Gold Concession, and the Koaltenga showing, located on the western edge the 250-sq km Rakounga Gold Concession.
"We're pleased to get the 2018 work program underway," said president & CEO, Alex Klenman. "This is an important step in the development of Bouboulou-Rakounga. The area we're covering has the potential to significantly expand the mineralized footprint. Ultimately, we are looking at this project to produce a resource estimate and the data generated by this survey will move us closer to that goal," continued Mr. Klenman.
"Given the gold mineralization we have already encountered on the Bouboulou and Rakounga permits, it makes this area highly prospective ground and it will be exciting to see what sort of numbers we get from this initial program," said Senior Vice-President of Exploration, Warren Robb.
The Company also announces that it will grant 1,000,000 incentive stock options to certain directors, officers and consultants of the Company. These options will vest immediately and will be exercisable at a price of $0.33 for a period of sixty-months.
