Good Wednesday morning, friends and fellow traders. As promised, this morning we've got a new trading idea for you... something we think you'll be thankful for headed into the Thanksgiving holiday. We've already mentioned a couple of times this week how gold prices (down 12% since July's peak) look primed for a bounceback sooner than later. The question was and still is, what's the best way for a stock trader to play it? Sure, the SPDR Gold Trust ETF (GLD) could do the trick, but there are higher-octane ways to jump into any bounce in gold prices. For reasons too complex to get into today, gold miners are often a more potent way to ride a gold rally. Not just any gold miner though. For you small cap minerals and resources veterans, you'll know the most explosive moves often come from a name the market's been overlooking, but shouldn't have been overlooking. The stock we've got in mind today is this kind of right time, right place, right company idea. The outfit is called Nexus Gold Corp. (OTCMKTS:NXXGF, CVE:NXS). Nexus Gold is a Vancouver-based mineral exploration company focused on gold development projects in some of the world's premier exploration and mining districts. One of them is the Bouboulou Gold Concession, located in Burkina Faso. Burkina Faso is a landlocked nation located in West Africa. The country has a stable political setting with a pro-mining and pro-foreign investment policies, and is also is the fastest growing gold producer in Africa (the 4th largest gold producer in Africa in 2012). Eight new mines have been commissioned there over the past six years. Bouboulou, a near-surface exploration project, has numerous historical gold occurrences of both length and grade. To date four zones of gold mineralization have been identified on the property, with the newest one identified just in September. The site was previously explored by Riverstone Resources and Roxgold Inc, and those on-site programs discovered surface rock sampling and trenching returning gold grades from 1.09 to 19.16 g/t gold. Eight grab samples were taken in the four known gold zones with six of the eight returning gold values, including 2.8 g/t Au and 5.5 g/t Au respectively at Bouboulou 2. Last month, Nexus Gold contracted Falcon Drilling Burkina Faso S.A.R.L. for the upcoming drill program at the concession. The company has the right to earn up to a 100% interest in the exploration permit. Nexus also has been developing the Walker Ridge Gold Project, located in the Jerritt Canyon/Independence Gold Trend in northeastern Nevada. Nevada produces about 75% of all the gold in the United States, and the state is the sixth-largest producer of gold worldwide. Mining has long been an important part of the state's economy, and mining projects typically receive active support from all levels of government. Located roughly 60 miles north of Elko, the drill-ready Walker Ridge Carlin-type gold project consists of 4,690 acres in Nevada's Independence/Jerritt Canyon Trend and is located between the Jerritt Canyon and Big Springs properties. (Jerritt Canyon holds an estimated 11 million ounces of gold in historic and current resources, while Big Springs has 1.2 million ounces of gold in inferred resources.) The company has spent $1 million in development work since 2012, which includes the first-ever drill hole at Walker Ridge that returned both gold and silver mineralization in the lower plate host rocks. You can add a site to the list. Per yesterday's news release, Nexus Gold has signed a memorandum of understanding to acquire the right to earn up to a 100% interest in the Niangouela gold concession also located in Burkina Faso. The full press release is below; here's the relevant part. "To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1137 samples have been collected. Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters." With three different digs now under its umbrella, it's time to start believing the company's stated plans for the "development projects in some of the world's premier exploration and mining districts." Investors love these kinds of expansion stories. The sites, however, are far from the whole story. What's just as interesting (if not more so) to us is how Nexus is finding all this gold. It's called Element Detection Technology (EDT). In simplest terms, it's a metal detector on steroids, though even that doesn't do the technology justice. The proprietary technology allows for the in-situ detection and mapping of targeted minerals... gold, in this case. If the desired element is detected, a response from the equipment is given and the strength of those responses become "points of interest." The results of a 2014 EDT survey were included in the report which identified more than three dozen points of interest spanning eight clusters in a 2-square-mile area at Walker Ridge. The information was used to optimize the drill-hole selection in the planning of the site's 2015 drill program, which in turn led to the quick and easy discovery of gold and silver on the property. The map below was made using the company's EDT. The right tool makes all the difference. What's largely gone overlooked about the Nexus Gold story is that its planning and drilling work is really starting to gel as we speak, with production now in sight. That's half the battle. With all of that being said, we still contend one of the biggest reasons of all you might want to step into a new position in NXXGF (or NXS, for those of you in Canada) is simply because gold (GLD) is poised for a rebound, and is likely to carry gold mining stocks with it. In fact, if history repeats itself, gold mining stocks should lead the charge. Junior gold mining stocks (GDXJ) should lead their bigger brothers. That's the way it pans out every time gold rallies. As a quick review, there are two things going on with gold right now to prod the metal higher, and they're working together. The first one is the fact that the U.S. dollar's rally is running out of gas. To put it bluntly, the dollar (DXY on the chart below) was wildly run up in anticipation of rising interest rates. Problem is, the dollar's bulls overshot... a lot. Now that pendulum is poised to swing the other way, and turn gold's downtrend back into an uptrend. That countertrend could last quite a while too. At the same time, gold prices have pulled back to major technical support, and already appear to be testing the waters of a rebound move. Take a look at the weekly chart of gold below. The overlaid lines are Fibonacci retracement lines; we've also plotted a known technical floor at $1214/oz. Gold is waffling between $1214 and the 68% retracement line right now. If a bounce is in the cards - and we think it is - this is where it's going to happen. Thing is, once a new rally takes shape, it's apt to take shape in a hurry. You don't want to be left chasing this thing higher. In any case, the usual caveats apply. Those are, never allocate more to one trade than you can afford to lose, use a smart entry limit, and then use a smart stop once you're in. Regardless of how you choose to manage any trade though, this is an idea we're very optimistic about. A lot of things -- and a lot of drilling and surveying work in particular -- are starting to paint a clear picture with the help of the company's Element Detection Technology. The addition of Niangouela brings the total prospect count to three great sites, whereas some junior gold miners are lucky to have one. Never even mind the fact that its Element Detection Technology basically gives NXXGF an unfair advantage over its peers. We've got a feeling the market's "aha" moment is around the corner, and the stock could be turned on just like a light switch is being flipped. We'd argue that sooner is better than later. To that end, you may be able to wade in today with little to no problem while everybody else has turkey on their mind. Gobble gobble. Here's the press release. Nexus Gold Signs Letter of Intent to Acquire Niangouela Gold Concession, Burkina Faso Vancouver, Canada / TheNewswire / November 22, 2016 - Nexus Gold Corp. ("Nexus" or the "Company") (TSX-V: NXS / OTC: NXXGF) is pleased to announce that it has entered a letter of intent with Precision Resources SARL (the "Optionor"), pursuant to which Nexus will acquire the right to earn up to a 100% interest in the Niangouela gold concession located in Burkina Faso, West Africa. Nexus will have an option to acquire up to a 90% interest in the Niangouela concession, in consideration for cash payments totalling US$370,000 and the issuance of 600,000 common shares, over a period of three years. Following acquisition of a 90% percent interest in the concession, Nexus will have a further option to acquire the remaining interest through a cash payment of US$1,000,000, subject to a 1.0% net smelter returns royalty to remain with the Optionor. The 178 square kilometre concession is located on the Boromo Greenstone Belt, same as the Company's Bouboulou Gold Concession and is proximal to the Kalsaka deposit. The property is road accessible and has one major orpaillage (artisanal workings). To date 556 pits and 11 trenches have been excavated, and rock and soil samples have been taken. A total of 1137 samples have been collected. Previous programs have identified a zone which runs ENE and WSW occurring in the south central part of the concession. This zone has returned gold in soil samples up to 34 g/t Au, rock samples have returned values up to 18 g/t Au, and trenching has returned values of 4.85 g/t Au over 10 meters. "Niangouela combined with our Bouboulou project, further solidifies our plans to build a portfolio of highly prospective exploration projects," commented Nexus President and CEO, Peter Berdusco. "The property has returned excellent gold values to date, and is located approximately an hour away from our Bouboulou concession. As we are already deploying resources in the area, a concurrent work program at Niangouela makes good sense and adds additional upside to the months ahead." Bouboulou Update Nexus geologist Warren Robb is on site in Burkina Faso and is organizing crews, equipment and preparing drill pad locations. With the completion of the rainy season and local crops harvested the Company will provide further work updates in the coming weeks. About Burkina Faso Burkina Faso is a landlocked nation, located in West Africa. It covers an area of roughly 274,000 square kilometres and has an estimated population of more than 16 million people. The country has a stable political setting with a pro-mining and foreign investment stance. Burkina Faso is the fastest growing gold producer in Africa, and was the 4th largest gold producer in Africa in 2012. Eight new mines have been commissioned there over the past six years. The country has excellent geological potential. The Greenstone Belts that host all of the major deposits in Ghana and Cote d'Ivoire continue northward into Burkina Faso. Burkina Faso has undergone less than 15 years of modern mineral exploration, remaining under explored in comparison to neighbouring Ghana and Mali; both of which host world class gold mines in the same belts of Birimian rocks. About the Company Nexus Gold Corp. is a Vancouver-based mineral resource company that develops precious metal mineral assets in the world's premier mining districts. The Company is currently concentrating its efforts on the Bouboulou Gold Concession, an advanced exploration project located in Burkina Faso, West Africa and the Walker Ridge Gold Project, a drill-ready, multiple-target, Carlin-type gold project located in the Independence/Jerritt Canyon Gold Trend, Nevada, USA. For more information on these projects, please visit the company website at www.nexusgoldcorp.com. Warren Robb P.Geo., Senior Geologist is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release. On behalf of the Board of Directors of NEXUS GOLD CORP. Peter Berdusco President and Chief Executive Officer 604-558-1920 www.nexusgoldcorp.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.