Nexus Gold receives new permit for Bouboulou project in Burkina Faso
Nexus Gold has been granted a new work permit for its Bouboulou Gold concession in Burkina Faso.
Awarded for an initial period of three years, the licence can be renewed twice for a total term of nine years.
Nexus Gold president and CEO Peter Berdusco said: "The new permit puts Nexus in a favourable position with respect to our developmental timeline at Bouboulou and Burkina Faso in general.
“With numerous complex mineralised zones, this ensures that the property can be effectively explored, developed and advanced in all areas.
“In combination with our Niangouela project, this is an important advancement for the company and brings us a step closer to becoming a significant exploration and development company in West Africa.”
Located 75km north-west of Ouagadougou, the Bouboulou exploration permit is spread over an area of 38.8km².
The Boromo-Goren greenstone belt hosts the Bouboulou exploration permit.
Nexus Gold has compiled historical data related to the permit, including airborne geophysics, rotary air blast (RAB) drilling, geochemical sampling, reverse circulation drilling, diamond drilling and the location of orpaillages.
The company has reported three coincidental geochemical and geophysical anomalous gold trends, based on the data collected.
The three trends, each having a length of 5km, are identified by numerous orpaillages and geochemical samples of more than 1g per tonne gold. Bouboulou exploration permit contains numerous artisanal workings.
Nexus Gold is focused on two gold projects in Burkina Faso, which are the 38km² Bouboulou exploration permit and the 178km Niangouela gold concession.