Nexus NXS Mining 101 Rating: 3,7/5 9411reviews

What is Nexus? Nexus (Symbol: NXS) is a distributed, global digital currency used in Nexus network. With the three channels of security (Prime Mining, Hash Mining, and Nexus Proof-of-Stake), users' transaction activities are ensured to be fast, safe and decentralized. Live Nexus prices from all markets and NXS coin market Capitalization. Token Economies 101. Ethereum Mining Contract 2 Year Large.

Gold Mining 101

Nexus Gold to Complete Initial Work Program at Bouboulou Concession, Burkina Faso (via Thenewswire.ca) Vancouver, BC / TheNewswire / July 28, 2016 - Nexus Gold Corp. ('Nexus' or the 'Company') (TSX-V: NXS) is pleased to announce that it intends to complete an initial work program at the Bouboulou Gold Concession ('Bouboulou' or the 'Property'), located in Burkina Faso, West Africa.

Preliminary work on the Property will consist of reviewing legacy data, data compilation, geological mapping, drill hole mapping and selection, rock and core geochemical re-sampling, ground confirmation, and sourcing of drill operator, equipment and crew. Diamond drilling is anticipated in early fall, after the completion of the rainy season in Burkina Faso. The work program will be overseen by Warren Robb, P.Geo.

Bouboulou covers an area of 38.3 square kilometers and is located approximately 100 kilometers north by northwest of the capital city of Ouagadougou. Exploration on the Property has been conducted by Boliden (1997 - 1999), Riverstone Resources (2005- 2011) and Roxgold Inc. (2011 to 2012).

Past exploration has consisted of rotary air blast drilling, trenching, geological mapping, airborne EM and magnetometer and radiometrics, reverse circulation and diamond drilling. Highlights of the previous exploration programs includes surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property termed Koala, Rawema, Bouboulou 2 and Pelgtanga. Readers are cautioned that the acquisition of an interest in the Property remains subject to the approval of the TSX Venture Exchange.

A work program cannot be completed on the Property until such time as that approval is obtained. The Company has applied to the Exchange for approval.

For further information with respect to the acquisition of an interest in the Property by the Company, readers are encouraged to review the Company's news release of July 11, 2016. About Burkina Faso Burkina Faso is a landlocked nation located in West Africa between Ghana and Mali, the second and third largest gold producing countries on the continent. It is underlain by rocks of the same age and history as its neighbors but it is still relatively under-explored compared to its neighbors. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country is pro-mining and has a favorable foreign investment stance. The country is the fastest growing gold producer in Africa.

It is ranked 4th in the continent and 23rd worldwide in Current Mineral Potential Index in the 'Survey of Mining Companies 2014' conducted by The Fraser Institute of Canada. Since 2013, there are seven gold mines in production. Other mining resources include manganese, bauxite, copper, nickel, lead, zinc, and limestone/marble. The country has excellent geological potential.

The Greenstone Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina Faso. Some of the world's most productive mines are located in West African greenstone belts. These belts cover approximately 3, 000, 000 km?, making the area's exploration potential enormous.

Burkina Faso currently accounts for 21% of West Africa's greenstone belt exposure. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under explored in comparison to neighbouring Ghana and Mali; both of which host world class gold mines in the same belts of Birimian rocks. About the Company Nexus Gold Corp. Is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The Company is currently concentrating its efforts on the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA and the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa. For more information on these projects, please visit the Company website at www.nexusgoldcorp.com. The technical content of this release was reviewed and approved by Warren Robb, P.Geo.

A Qualified Person within the meaning of National Instrument 43-101. On behalf of the Board of Directors of NEXUS GOLD CORP. Peter Berdusco President and Chief Executive Officer 604-558-1920 www.nexusgoldcorp.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Copyright (c) 2016 TheNewswire - All rights reserved.

QuoteMedia logo C. Fyi, Endeavour Mining (EDV.T) who bought out True (TGM.V ) owned the Karma Mine in Burkina Faso and commenced construction on their new Burkina Faso gold mine the Hounde Project which is forecasted to produce about 1.9 million ounces of gold over a 10-year mine life.

Modern mineral exploration started just 15 years ago and has made Burkina Faso one of the fastest rising gold producing countries in the world. They are currently the fifth largest African gold producer and in 2014, The Fraser Institute placed Burkina Faso fourth in sub-Saharan Africa for mineral potential and sixth for mining investment. Since 2007, nine gold mines have been fully permitted and put into production while more than 20% of Burkina’s GDP comes from the mining industry of this tiny mineral rich nation. The country also has a low 20% corporate tax rate for mining companies and the government is entitled to a 10% free carried interest and a very competitive 3-5% sliding royalty on gold production.

Nexus Gold NXS.V - Closes Antwort auf Beitrag Nr.: von Johnstocks am 06.08.16 19:06:07.25M PP NEXUS GOLD CLOSES $1.25 MILLION PRIVATE PLACEMENT Nexus Corp. Has completed a non-brokered private placement of 25.1 million units in the capital of the company at a price of five cents per unit for gross proceeds of $1,255,000. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 7.5 cents for a period of 24 months. 'With a well-received private placement consisting of many sophisticated investors, our treasury is now strong. Our focus moving forward will be accelerating and expanding a fully funded phase one work program at Bouboulou and executing its objectives,' commented Peter Berdusco, president and chief executive officer of the company. In connection with completion of the offering, the company has paid $20,240 and issued 967,000 common shares and 638,300 warrants to certain finders who introduced subscribers to the offering.

All securities issued pursuant to the offering will be subject to a statutory four-month hold period. Antwort auf Beitrag Nr.: von Johnstocks am 25.08.16 04:48:18Nexus Contracts Falcon Drilling for Upcoming Work Program at Bouboulou Gold Concession, Burkina Faso Vancouver, Canada / TheNewswire / October 6, 2016 - Nexus Gold Corp.

('Nexus' or the 'Company') (TSX-V: NXS) is pleased to announce that the Company has contracted Falcon Drilling Burkina Faso S.A.R.L. ('Falcon') for the upcoming drill program at the Bouboulou Gold Concession, Burkina Faso, West Africa. Falcon has been previously contracted for its drilling services by other resources companies operating in Burkina Faso such as Roxgold Inc and True Gold Mining. The company therefore has extensive experience drilling in the country and vast knowledge of the area.

Nexus Gold Director, Warren Robb, P.Geo, will plan and oversee a 2000 meter phase one drill program at Bouboulou. Robb was Chief Geologist for Roxgold in 2012 where he conducted previous drill programs at the property (then called Bissa West). Bouboulou Gold Concession The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by Roxgold Inc, Riverstone Resources and Boliden.

To date four zones of gold mineralization have been identified on the property. Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional Rapid Air Blast ('RAB') drilling, comprising 25,400 meters. Included in this total was infill drilling which defined a northeast trending gold anomaly measuring 13 km by 2 to 6 km wide. The mineralization was described as disseminated sulphides in tuffs and dacites. New Zone at Bouboulou As reported in the September 8, 2016 Nexus Gold news release, a new area of interest has been observed on the property due to an increase in artisanal mining activity. Upon the initial property visit the company geologist noted a large orpaillage (area worked by artisanal miners).

The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics and meta-sediments with cross cutting quartz veins and stringers. The orpaillage extends for some 250 meters along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone. This same shear zone also hosts Norgold's Bissa Hills mine. Eight grab samples were taken from artisanal workings of the four known gold zones on the property in early September, 2016. As reported in the Company news release of September 27, 2016, six of the eight samples returned gold values, including 2.8 g/t Au and 5.5 g/t Au, respectively, at Bouboulou 2. Historical Drill Results Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgold work programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t.

Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. The following tables represent historical drill results as reported by Roxgold. Significant Reverse Circulation drilling results include: http://web.tmxmoney.com/article.php?newsid=851097&qm_symbol=NXS.

Nexus Gold Announces Dual Listing on the Frankfurt Stock ExchangeNexus Announces Dual Listing on the Frankfurt Stock Exchange (via TheNewswire) Vancouver, Canada / TheNewswire / November 17, 2016 - Nexus Gold Corp. ('Nexus' or the 'Company') (TSX-V: NXS / OTC: NXXGF) is pleased to announce the listing of its common shares for trading on the Frankfurt Stock Exchange under the Symbol N6E (WKN: A2AS8N, ISIN: CA). The Company's common shares are now dual-listed on the TSX Venture Exchange, NASDAQ OTC and the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is the world's 10th largest stock exchange by market capitalization and largest of Germany's seven stock exchanges. The Company anticipates the Frankfurt listing will increase trading liquidity and facilitate investment in the Company by investors across Europe. This increased exposure to worldwide markets enables Europeans to trade the Company's common shares in Euros. 'As our Company continues to grow we feel reaching a larger global audience is an important component to our future success,' said Nexus Gold Corp President and CEO, Peter Berdusco.

'This listing is a direct response to the interest generated over the past few months from European investors towards the Company and its West African exploration presence. It will now aid in the maturation of those relationships and assist in expanding our shareholder base,' continued Mr. The Company will maintain its primary listing on the TSX Venture Exchange.

Burkina Faso Update The Company is currently initiating due diligence on a potential acquisition that would add an additional prospective gold project to its portfolio. Additionally, Nexus geologist Warren Robb is on site in Burkina Faso and is in the process of organizing crews and equipment. With the completion of the rainy season and local crops harvested the Company anticipates further work updates in the coming weeks. Bouboulou Gold Concession The Bouboulou Gold concession is a near-surface, advanced stage gold exploration target located in a known gold belt, within a prolific and highly active area. The property has previously been drilled by RoxgoldInc, Riverstone Resources and Boliden. To date four zones of gold mineralization have been identified on the property.

Bouboulou was held by Boliden in 1997 as part of a much larger land package. Boliden completed regional Rapid Air Blast ('RAB') drilling, comprising 25,400 meters.

Included in this total was infill drilling which defined a northeast trending gold anomaly measuring 13 km by 2 to 6 km wide. The mineralization was described as disseminated sulphides in tuffs and dacites. Historical Drill Results Riverstone Resources completed several programs of regional and detailed geological mapping and sampling prior to the Roxgoldwork programs. Rock sampling and trenching within the Boliden anomaly returned gold grades from 1.09 to 19.16 g/t. Riverstone also completed an IP geophysical survey over the area of the highest gold values, and Roxgold drill tested a number of these targets. About Burkina Faso Burkina Faso is a landlocked nation, located in West Africa.

It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance.Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years.Thecountry has excellent geological potential. The Greenstone Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina Faso.

Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under explored in comparison to neighbouring Ghana and Mali; both of which host world class gold mines in the same belts of Birimian rocks. About the Company Nexus Gold Corp. Is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The Company is currently concentrating its efforts on the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa and the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA. For more information on these projects, please visit the company website at www.nexusgoldcorp.com. Warren Robb P.Geo., Senior Geologist is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

On behalf of the Board of Directors of NEXUS GOLD CORP. Peter Berdusco President and Chief Executive Officer 604-558-1920 www.nexusgoldcorp.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements.

These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Copyright (c) 2016 TheNewswire - All rights reserved. 'It seems like gold stocks are once again unloved. Marijuana stocks have taken center stage.

When is a better time to buy than when people are selling? We all know that this mini correction in gold brings an excellent buying opportunity. In saying that, we are pleased to introduce you to Nexus Gold Corp. (NXS.V) (OTC:NXXGF) (FFT.NGE) Nexus holds properties in two of the world’s prolific mining jurisdictions - the first being Burkina Faso.

The company successfully raised $1.25m earlier this year and is set to begin work programs. Nexus is well positioned heading into the first quarter of 2017.

Bouboulou Concession in Burkina Faso Burkina Faso, which means an honest man is a unique country located in Africa as it currently seems to be both politically and to some degree, economically stable. Political turmoil was a common place but with a recent coup, law and order seems to have restored. That is great news for the people of Burkina Faso and for gold miners there. Three titans, Endeavour Mining, Roxgold and Orezone have mines located there. Endeavour has a gold mine producing 190,000 oz/yr at an all-in-cost of US$714. According to Nexus Gold's Power point: -- Gold mineralization was first identified on the Bouboulou area by Boliden in 1997 where a Regional Rotary Air Blast drilling program outlined a broad northeast trending gold anomaly measuring 13km by 2 km over what is now the Bouboulou permit. The concession was then explored by Riverstone Resources and Roxgold Inc.

-- Highlights of these surface exploration programs include; surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Four zones of gold mineralization have been identified on the property termed Koala, Rawema, Bouboulou 2 and Pelgtanga. -- Roxgold later completed reverse circulation (RC) and diamond drilling (DD) to test the four mineralized zones. All three of the Bouboulou trends identified are defined by similar coincidental anomalies.

-- Each trend has substantial artisanal workings either directly on them or along the trend. -- The geochemical and geophysical data collected thus far on the Buoboulou property, the fact that the known gold bearing Sabce shear zone bisects the property, and the abundance of artisanal workings, all attest to the gold mineralization on the property. -- The potential for two types of gold deposits exist on the property. The PR and KB trends appear to be lithologically controlled and would be more likely to potentially host gold deposits consistent with the belt in the 20 to 40 million tonne range at grades of 1 to 3 grams per tonne. -- The B2 trend being oblique to the main shear could possibly host a higher grade lower tonnage type deposit in the 5 to 7 million tonne range at grades of 5 to 7 grams per tonne. --It should be emphasized that these statements are based on analysis of available data and are not meant to suggest deposits exist as noted. Nexus Gold plans to further drill test the property to validate the modelling and establish the extent of mineralization present.

New Zone at Bouboulou As reported in the September 8, 2016 Nexus Gold news release, a new area of interest has been observed on the property due to an increase in artisanal mining activity. Upon the initial property visit the company geologist noted a large orpaillage (area worked by artisanal miners). The zone being exploited by the orpilleurs is a shear hosted in meta-volcanics and meta-sediments with cross cutting quartz veins and stringers. The orpaillage extends for some 250 meters along strike with the Bouda orpaillage which is adjacent to the property and located along the Sabce shear zone.

This same shear zone also hosts Norgold’s Bissa Hills mine. Eight grab samples were taken from artisanal workings of the four known gold zones on the property in early September, 2016. As reported in the Company news release of September 27, 2016, six of the eight samples returned gold values, including 2.8 g/t Au and 5.5 g/t Au, respectively, at Bouboulou 2. On Nov 22nd the company signed an LOI to acquire the NIANGOUELA GOLD CONCESSION, which along with the BOUBOULOU GOLD CONCESSION means Nexus has 2 highly prospective advanced gold exploration projects, located only one hour from each other in West Africa.

The 178 square kilometre Niangouela concession is located on the Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession and is proximal to the Kalsaka deposit. The property is road accessible and has one major orpaillage (artisanal workings). To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1137 samples have been collected.

Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters NEVADA There are many major trend lines in Nevada – the most famous in the world is the Carlin Trend. Nevada is the fourth largest gold producing region in the world, and produces 79% of all gold mined in the USA*. Nexus Gold property is the Walk Ridge property which is situated in the Independence & Jerritt Canyon Trend.

This trend is just slightly north east of the Carlin Trend where along with other majors have producing mines. DigitalNote XDN Mining Pool Profitability here. The Walker Ridge property is right between the Jerritt Canyon Mine and the Big Springs Deposits. The Jerritt Canyon mine is a 11 million ounce past and present producing mine and the Big Spring Deposit is a 1.2 million ounce deposit –Nexus Gold is surrounded with excellent prospects. Juniormioners.com According to the Nexus PowerPoint: -- In October and November of 2014 Nexus Gold employed a leading-edge, innovative Element Detection Technology (EDT) at Walker Ridge. This technique has been successfully used by a small group of petroleum clients over the last five years. -- The survey was conducted at Walker Ridge in an effort to refine drill hole selection and potentially reduce costs traditionally associated with exploration drilling.

-- VitalGEOSURVEY™ utilizes a proprietary method of detecting the presence of a targeted material - in this case gold (Au) - by injecting energy into the ground and then measuring telltale reactions at the atomic level. If the gold is present a signature response is induced permitting its detection from the surface. Multiple responses over given areas are then noted as 'clusters', with more pronounced readings within the clusters catalogued as 'points of interest'. -- The fall survey at Walker Ridge identified gold atomization in 34 points of interest within eight clusters over approximately a two-square-mile area within the Nexus claim block. --Seven of the eight VitalGEOSURVEY™ clusters are coincidental to anomalous mercury and antimony geochemical results as well as CSAMT and gravity geophysical anomalies previously identified on the property. In the summer and fall of 2015 the Company drill tested Walker Ridge for the very first time which showed both gold and silver mineralization.

Drill hole WR-2015-01 intersections of mineralization were encountered over a 355-foot section (2,453 – 2,808 ft) in the lower plate host rocks of 15 feet of gold averaging 1.57 g/t (including 3.22 g/t over 5ft.) and 205 feet of elevated silver averaging 10 g/t (including 18 g/t over 20 feet) In Summary Nexus Gold has the ingredients to be a very successful mining company. Properties located in rich Nevada and Burkina Faso along major trend lines should offer comfort to shareholders and potential shareholders. Management has vast experience in both the corporate and mining arenas. Both the President Peter D. Berdusco and Chairman Alex Klenman bring close to 50 years combined experience in finance, communications and corporate development.

I cannot stress this enough! There are WAY too many exploration companies being run by geologists who have NO clue on how to run a company and how to raise money in especially in challenging markets. I have met a lot of them. They wear their impenetrable hardhats when any one tries to offer them advice on how to really run a company - one that will benefit shareholders. They are then left holding their hats by their side wondering, 'why isn't our darn stock price rising when we hold great assets?' , hmmm, can't be that I don't know how to run a company, must be the secretary's fault!

The management at Nexus is run by individuals who are strong managers that can raise money, and know how to tell the story properly. They have surrounded themselves with a team of geological experts both who are both on, and an arms length of the board.'