The Bouboulou concession in Burkina Faso, West Africa, covers an area of 39 km2 and is located approximately 100 km north-west of Ouagadougou, the capital city. The Bouboulou concession is in the Boromo- Goren greenstone belt and is bisected by the Sabce shear zone. This regional north-east trending structure is 120 km in strike length and hosts numerous artisanal gold workings as well as the Bissa Hills gold deposit presently being mined by Nord Gold SE.
Gold mineralization was first identified by Boliden in 1997 where a regional rotary air blast drilling program comprised of 24,500 metres outlined a broad north-east trending gold anomaly measuring 13.0 km by 2.0 km. The concession was then explored by Riverstone Resources and Roxgold Inc.
Five zones of gold mineralization, contained within three separate 5 km gold trends, have been identified on the property. The adjacent 250 km2 Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of mineralization.
Nexus Gold conducted a 10-hole diamond drill program in 2017 totaling 2,596 metres. Highlights from the Bouboulou 2 and Koala zones included 23.4 metres of 1.0 g/t gold from 182.4 metres and 3.1 metres of 5.2 g/t gold from 178.3 metres respectively.
A summer drill program consisting of approximately 1,000 metres of reverse circulation drilling is planned at Bouboulou.
A private placement was closed for gross proceeds of C$3.0 million.