Nexus Gold Corp. announced it has signed a non-biding letter of intent to acquire a 90% interest in the 6,200-ha (62km) Fofora Gold Project exploration permit located 450km to the southwest of Ouagadougou, Burkina Faso, West Africa. The Fofora permit is located on the eastern side of the Hounde greenstone belt in the Kampti department; in the province of Poni, near the border with Cote DIvoire.

The Hounde Greenstone Belt is host to several large-scale operating gold mines, including Endeavours Mana and Hounde Mines,uturna Silvers Yaramoko Mine as well as multiple other producing mines and large-scale discoveries. Historical work on the Fofora property has consisted of soil geochemistry and silt sampling completed in 2008 by Volta Resources. This early work outlined a two-kilometer northeast- southwest trending soil anomaly straddling the contract between andesitic rocks and basaltic rocks within the Hounde greenstone belt.

Historical silt sampling with the permit area was also completed in 2008 with 38 silts samples being collected from drainage and seeps on the property. Values ranged from 1 ppb gold to 327 ppb gold. An Initial reconnaissance program was attempted in January but due to flooding in the area the program was cut short.

Despite this delay the Company geologists were able to access one artisanal operation and collected three samples which returned gold values of 9.8 grams per tonne (g/t) gold (Au), .108 g/t Au, and 0.056 g/t Au respectively. The property is immediately adjacent and contiguous to Fortuna Silvers Boussoura Project. Historical drill results reported by Roxgold (now Fortuna Silver) returned the following results: 35 metres (m) at 4.1 grams per tonne (g /t Au) in drill hole BSR-21-RC-FFR-218 from86m including: 9m at 12.1 g/t Au from 96m, 6m at 11.3 g/t Au in drill hole BSR- 21-RC-FFR-167 from 90m including: 1m at 65.6 g/t Au from 94m; 2m at 11.7 g/t Au in drill holes BSR-21- RC-FFR-187 from 37m including: 1m at 20.9 g/t Au from 38m; 3m at 33.6 g/t Au in drill hole BSR-21-RC-FFR-201 from 6m.

As part of its due diligence the company will be conducting further ground follow up on the Fofora permit to identify suitable target areas for drill testing.