Nexus News Now and Coming
Nexus announced some drill results a week ago that may have confused investors. The results were actually quite good. But they will be announcing a lot more drill results shortly and when they do investors will have far more of a chance to judge the company.
I’ve been to Burkina Faso 3-4 times [I used to bring giraffes back for Barb] and it is one of the better countries in Africa to mine and do business. When Nexus announced 1 g/t gold over 10 meters, it may seem boring but those are average grades of a bunch of mines in BF. Given other intercepts of between 10 and 32 meters in past drilling, I think you could use numbers of an average of 15 meters width, 300 meters depth and 1200 meters strike length at 1 g/t gold. That works out to about 435,000 ounces. It’s near surface oxide gold and cheap to mine.
More results are coming shortly. The company is drilling over structures that the garimpeiro miners have discovered so it isn’t exactly rocket science. They will continue to add ounces until someone wants to take them over.
Nexus is an advertiser. I have bought a fair number of shares in the open market. I am biased. They have a lot of information on their site and you should look at it. Do your own due diligence.
Nexus Gold Corp