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Nexus Minerals Ltd.
Summary
| Project: | Pinnacles | |
|---|---|---|
| Deposit: | Pinnacles | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-10-2017: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Pinnacles deposit at the Pinnacles project. Drilling results incl. 4m @ 19.74g/t Au from 68m. 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 first set of results of its recently completed 4,108m RC drill program at the Pinnacles Gold Project. The program commenced 7th September and was completed 25th September. The highlight being drill hole NMPRC40 which intersected 4m @ 19.74g/t Au from 68-72m. The recently completed 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 results of the 4m composite sampling expected over the next 3 weeks. Individual 1m samples will then be collected and submitted for analysis, on any composite sample returning >0.1g/t Au or exhibiting interesting geological features. Results (4m composites) have been received from 7 only of the 17 GT5 RC drill holes – being NMPRC38 to NMPRC44. RC drill hole NMPRC40 intersected 4m @ 19.74g/t Au from 68-72m, in a highly sheared and altered lithology. The hole is located in the centre of the southernmost line targeting both the auger soil anomaly and the interpreted structure. The GT5 high priority 2.4km x 300m gold anomaly (max 107.1ppb Au +Bi-Te-Mo pathfinder elements), shows good strike continuity and is striking north-south within a sheared ultramafic unit. This area is located in a gravity low and had been highlighted previously as a zone of interest from Nexus regional aeromagnetic assessment and interpretation. | |
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