Bob Moriarty
Archives
Nov 5, 2019
Nexus made a strategic decision to offset Burkina Faso exploration risks with some solid projects in safer climes in early 2019. It seems to have caused some confusion among shareholders confused by the shift in direction but I think with time passing the wisdom of the move will seem more obvious. The stock is now pretty cheap for a company with nine different projects with high-grade potential in multiple countries.
They began with thepurchase of the New Pilot gold projectabout a hundred miles north of Vancouver in early January. Some 99 grab samples taken over twenty-five years ago reveal high grade gold with values over 100 g/t gold in three of the samples, another three showing over 10 g/t gold and an additional fourteen showing over 1 g/t Au.A summer exploration reported in late AugustatNew Pilotresults from fifteen grab samples averaging 2.37 g/t Au, 5.2 g/t Ag and 0.55% Cu.
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