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Discovering that your gold property is dotted with artisanal (Mom & Pop) mines is a mixed blessing. On the one hand, it suggests someone has been surreptitiously removing trout from your lake with a hand-line. On the other hand, it proves there are fish in your lake. This is the situation finds itself in. On June 6, 2017, NXS announced the presence of a new mineralized zone at its Bouboulou Project in Burkina Faso – a landlocked West African nation. Company geologists noticed increased artisanal mining activity on a previously unexplored part of the property.

The new zone is a kilometer west of the main workings at the Rawema site. Why Mine Gulden NLG on this page. The artisanal mine shaft appears to have a depth of about 20 metres. The new zone is termed “Rawema West”. Company geologists collected seven select rock samples of from a pile of waste left by the Rawema West Mom & Pop mining operations.

Of the seven samples collected there, four returned values greater than 1 g/t Au, including BBL-004 which returned 9.49 g/t Au. This fifth zone adds to the four identified zones (Rawema, Bouboulou 2, Pelatanga and Koala) at the concession. The June 6, 2017 sampling results from both Rawema West and Koala are tabled below: On June 8, 2017 Nexus announced that it had mobilized a drill rig crew to the Bouboulou gold concession, located 75 kms north-west of the capital Ouagadougou. The phase one Bouboulou diamond drill program includes 2,000 metres targeting previously identified mineralized zones. The drill crew will then swing over to Rawema West zone – and the Koala zone that returned the eye-popping sample of 66 grams-per-tonne. Firstly, let’s deal with the elephant in the room: if you like the “ou” letter combination hot & heavy in clusters – Bouboulou is your man. In fact there’s no close facsimile – except to move laterally into French where “ ou” means “or”.

So if you are jonesing to bark out multiple “ou”s – you’d have to move to Paris, wait for someone to say in [in French]: “Get over here now or” – then you could interject: “Ououou quelle [what]?” The point I’m getting at is that Bouboulou is unusual – in its spelling and its combination of mineralogy and location. About five years ago, Roxgold completed a diamond drilling program which created the groundwork for Nexus to identified three distinct five-kilometer gold trends at the Bouboulou concession. Lukas Kane is a Vancouver-based investor and writer. Previously the CEO of a North American investment news syndicate, Mr. Kane was also the Communication Director for a consortium of resource extraction companies.

In the course of his career, he has toured copper mines on the Antagfonasto desert in Chile, potash projects in Saskatchewan, cannabis labs in California and clothing factories in Shenzhen, China. A rudimentary speaker of Mandarin, Mr. Kane’s passions are his family, writing and playing football (real football - with the spherical ball). Newsfeed 2018-02-01 -01-31 -01-31 -01-31 -01-31 -01-31 -01-31 -01-31 -01-31 -01-31 20:45 [MORE] Latest Inside Info • (TSX: GSV) Feb. 2, 2018 – Gold Standard Ventures Corp. Has announced the participation of OceanaGold (TSX: OGC) in the non-brokered private placement previously announced on Feb.

OceanaGold has agreed to maintain their pro rata ownership position of approximately 15.8 percent of Gold Standard for gross proceeds of approximately $4.4 million. This is in addition to. • (TSX: NMX) Feb. 2, 2018 – Nemaska Lithium Inc. Is pleased to announce the closing of the sale of its 100 percent undivided interest in the Sirmac lithium property to ABE Resources Inc. (ABE.V) as previously announced on Dec.

The property consists of 24 map-designated mining claims covering approximately 1,100 hectares, located approximately 180. • (BRC.V) Feb. 2, 2018 – Blackrock Gold Corp. Is pleased to announce a non-brokered private placement of up to 8 million units at a price of $0.10 per unit, for gross proceeds of up to $800,000. Each unit is comprised of one common share and one-half of one share purchase warrant. Each whole warrant will entitle.

• (ROS.V) Feb. 2, 2018 – RosCan Minerals Corporation is pleased to provide the following update on the company’s Dormaa gold project in Ghana. The agreement made with Pelangio Exploration Inc. Has been amended and restated to provide RosCan with the right to assume operatorship in the Dormaa project, upon RosCan earning its 50 percent interest.

• (EAS.V) Feb. 2, 2018 – East Asia Minerals Corporation has announced a private placement raising $2 million through an offering of 33,333,333 units at $0.06 per unit. Each unit consists of one common share in the capital of the company and one share-purchase warrant.

Each warrant shall entitle the holder to purchase one additional common share in. Grab our email digest Recent Comments • on • Craig Amos on • Paul on • Mike on • Jason Antinori on Categories Categories Archives Archives Resource stories from CEO.CA.