Nexus Gold $NXS.V $NXXGF is not new to my readers and its been on my radar since the very beginning. However it was not until this year that things really began to take off. Investors are beginning to buy junior gold miners again and fund high quality gold exploration stories like Nexus Gold Corp $NXS.V $NXXGF whose senior geologist Warren Robb ran the exploration for Roxgold's Yaramoko Property which is now in production and a $500 million market cap.
Nexus believes Mr. Robb may be onto his next big discovery as he sampled 2,950 g/t quartz vein chip and then first phase drilling results included 26.69 g/t over 4.85m at 58m depth. Remember this is the first drilling done on a huge property of close to 180 sq. km that has historically high grade gold mining. Not only did they hit high grade on that one hole but eight out of nine holes were significant. This is almost an ounce a ton material and more drill holes into that high grade and we may be onto Mr. Robb's next mine? Let's see they are drilling now but more high grade assays could send stock soaring as this may be one of the top exploration stories since Roxgold and True Gold that have been two tremendous success stories. I am sure these big boys are looking at these results especially the near surface nature of the discovery which is open in all directions and looking at where they can drill to hit a larger intercept. I hope this happens in this next drilling campaign. Between the sampling results plus first drilling results I believe they may be on the verge of really hitting something exciting for high grade gold exploration. The stock has consolidated off its first move giving what may be a secondary buying opportunity to get in before the next assays are released. I believe this could have the potential to be the next True Gold or Roxgold and hope the company sees success with next round of drilling.
Disclosure: I own shares and warrants in Nexus Gold and the company is a website sponsor. This means I have been compensated and could benefit from price appreciation. Please do your own due diligence as this is an advertisement and not financial advice. This interview/article contains forward looking statements which may not come to fruition so buyer beware as small cap junior mining stocks are incredibly risky and one could lose their entire investment.