Normally – a shuffling of the board deck-chairs wouldn’t merit comment.
Ian Stalker is not your average board appointment.
He doesn’t have a resume.
He has a conquest map.
Over the past decade Stalker has been directly involved in the raising of over $500-million in capital investment for mining projects around the world.
When Stalker talks, the media listens. If Stalker starts messaging Nexus Gold, that could significantly raise the status of the company.
Nexus has a portfolio of gold projects in Burkina Faso, a West African country that is pregnant with gold.
Last year about 53 tonnes of gold were mined in Burkina Faso – worth about $3.45 billion dollars at the current spot price of CDN $1,745.
Nexus also has two projects in Canada (Bridge River Mining Camp, BC, and Red Lake, Ontario).
According to a post by Wazzeer Legal Compliance, A Non-Executive Chairman is “cherry picked for personal qualities, experience and specialist knowledge. They provide objective criticism on board matters – they can create positive PR, and help the organisation generate long-term exposure”.
“Mr. Stalker has more than 45 years of development and operational mining experience, including over a decade working in West Africa,” stated Nexus Gold.
Stalker’s senior executive positions include Managing Director of Ashanti Goldfields, V.P of Gold Fields, CEO of Brazilian Gold, CEO of UraMin – when it was acquired by Areva for $2.5 billion.
Mr. Stalker has successfully managed over ten mining projects through feasibility study, development and construction phases. Among those companies he has held senior management positions he has overseen significant market cap growth.
Among his current titles, Stalker is a Director with K92 Mining (KNT.V), that is operating a high-grade gold mine in Papua New Guinea.
K92 Mining has begun gold production in the Kora Northern Extension, which is part of the company’s Kainantu Gold Project.
On February 25, 2019, K92 published the results from 7 diamond drill holes – “extending both the K1, K2 lodes as well as the KL structure between the lodes”.
K92 has a lot of things going for them.
We are not suggesting Stalker sole-handed catalysed the SP increase, but his public-speaking on K92 drove eye-balls to the story, and gave the company increased credibility.
In the You Tube video below, Stalker gives a master class on how to message a resource company.
Nexus’ portfolio of gold projects in Burkina Faso was, elegantly summarized by Equity Guru’s Greg Nolan.
Bouboulou – 38-square kilometers comprising no less than five established gold zones contained within three separate five-kilometer-long gold trends. Over 60 holes have been drilled to date demonstrating widespread mineralization.
Rakounga – this 250-square kilometer concession ties in neatly with the Bouboulou concession. The mineralized footprint between the two properties exceeds 15 kilometers in length. Within the eight known gold zones along this 15-kilometer trend, three have been tested with the drill bit. Drilling at the Koaltenga zone has recently produced lengthy gold intercepts, several with higher-grade intervals.
Niangouela – This concession is a 178-square kilometer project featuring high-grade gold occurring in and around a primary quartz vein and associated shear zone spanning approximately one kilometer in length.
Dakouli 2 – Just to the south of Niangouela, Dakouli 2 is located on the Boromo-Goren Greenstone Belt. Significantly, the project is bisected by the Sabce shear zone, a major structural fault which trends southwest-northeast and bisects the entire length of the property. Sabce is the dominant geological feature underlying Nordgold’s 3 million+ ounce Bissa deposit 20 kilometers to the northeast.
Along with the normal geological and financial risks, Burkina Faso – the country – has political risks. It’s often in the headlines for the wrong reasons.
Most of the country’s violence is attributed to the jihadist group Ansarul Islam – who have sworn allegiance to Al-Qaeda.
We are tracking multiple gold explorers and miners in Burkina Faso, and are not aware of any disruption to day-to-day operations.
“Ian Stalker’s experience, knowledge and guidance will be of great benefit to the Company, and of even greater importance as the next few years are critical in our growth cycle,” stated Nexus, President & CEO, Alex Klenman. “Having Ian on board in a more prominent and active position with Nexus is something our shareholders can be excited about.”
Eight new mines have been commissioned in Burkina Faso over the past six years.
Full Disclosure: Nexus Gold is an Equity Guru marketing client, and we own the stockDisclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.