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Nexus Minerals Ltd.
Summary
| Project: | Pinnacles | |
|---|---|---|
| Deposit: | Pinnacles | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Pinnacles deposit at the Pinnacles project. Drilling results incl. 24m @ 0.47g/t Au from 0m. Eastern Goldfields gold explorer, Nexus Minerals Limited (ASX: NXM) (Nexus | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andy Tudor (Internal) | |
| ABSTRACT: | Eastern Goldfields gold explorer, Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce the final 4m composite sample results from its GT6 and GT8 prospects – part of the recently completed 4,108m Reverse Circulation (RC) drill program at the Pinnacles Gold Project. The RC drill program was designed to test three previously identified high order auger soil geochemistry gold anomalies – GT5, GT6 and GT8. Samples have been submitted for analysis throughout the program, with the final results of the 4m composite sampling now all received. 26 holes were drilled at GT6 to test the surface calcrete anomaly (NMPRC61 to NMPRC85), with ten of the drill holes containing anomalous intersections. The two drill holes drilled to the northeast of the main calcrete anomaly returned significant mineralised intersections of 24m @ 0.47g/t Au from surface (incl. [email protected]/t Au) and 24m @ 0.46g/t Au from 20m (incl. [email protected]/t Au). Commenting on the results, Managing Director, Mr Andy Tudor, said “These results from GT6 continue to highlight the potential for mineralisation similar to that seen nearby in the Saracen gold deposits. With each stage of the program, we continue to gain further knowledge regarding the geology, geochemistry and ultimately economic potential.” | |
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