Nexus Gold CEO Alex Klenman: Working Towards Becoming a Revenue-Generating Explorer in 2020

TL;DR

Nexus Goldcorp has expanded its exploration operations from Burkina Faso in West Africa to include projects in Canada, aiming to diversify their exploration efforts and mitigate geopolitical risks.

Transcript

xander welcome before we get started the name of your company the symbol of the the exchange so we can find you yeah Nexus goldcorp on the TSX Venture and XS is the civil so you have a number of properties in Africa and in Canada let's talk about we talked about you were in Africa last year primarily when I talk to you here at V Ric and also at P d... Read More

Key Insights

• 🇧🇫 Nexus Goldcorp expanded its exploration efforts to Canada to diversify from the risks of solely operating in Burkina Faso.
• 🇧🇫 They have focused on four primary projects, two in Burkina Faso and two in Canada, to concentrate their efforts and resources.
• 📽️ The company aims to generate revenue by monetizing some of their projects, reducing their reliance on equity financing.
• ❓ Nexus Goldcorp has experienced challenges in 2019 but is optimistic about a better performance in 2020, with a focus on aggressive drilling and achieving successful drill intercepts.

Questions & Answers

Q: How has Nexus Goldcorp mitigated geopolitical risks associated with operating in Burkina Faso?

Nexus Goldcorp decided to expand its exploration activities to other jurisdictions, including Canada, to diversify their operations and reduce the reliance on Burkina Faso. By having projects in different regions, they can decrease the potential impact of any negative events or risks in a single location.

Q: What are Nexus Goldcorp's primary focus areas at the moment?

Currently, the company is concentrating on two projects each in Burkina Faso and Canada. In Burkina Faso, their focus is on the Boogaloo property and an additional project called - Cooley. In Canada, their primary focus is on the Mackenzie and Red Lake projects.

Q: How does Nexus Goldcorp plan to generate revenue?

Nexus Goldcorp aims to monetize some of their projects to create a revenue stream. They have already successfully optioned one of their projects in Burkina Faso to a private company for $2.25 million, with $1 million in cash and $1.25 million in work commitments over four years. This revenue will help offset the costs associated with exploration and provide financial stability.

Q: Has Nexus Goldcorp received interest from major players in the industry?

Yes, Nexus Goldcorp has been in contact with a major company operating in Burkina Faso and expects discussions to continue. The company is actively reaching out to potential partners and recognizes the need for collaboration and support from bigger players in the industry.

Summary & Key Takeaways

• Nexus Goldcorp has expanded its exploration efforts to include five projects in Canada and several properties in Burkina Faso, West Africa.

• The company chose to diversify its exploration locations to mitigate geopolitical risks associated with operating solely in Burkina Faso.

• Their primary focus is on two projects in Burkina Faso and two in Canada, with plans to drill in Red Lake, Mackenzie, and Boogaloo.