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Nexus Minerals Ltd.
Summary
| Project: | Pinnacles | |
|---|---|---|
| Deposit: | Pinnacles | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Pinnacles deposit at the Pinnacles project. JV with Saracen Mineral Holdings - Drilling results incl. 6m @ 11.46g/t Au from 128m. Eastern Goldfields gold explorer, 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 orthe Company) is pleased to announce the results of the recent drill program completed over the Pinnacles East Resource area. The principal purpose of the drill program was to provide the necessary geotechnical information required to input into the mine potential study currently underway. Whilst a number of holes were drilled within, and adjacent to, the mineral resource area, the majority were drilled for geotechnical study requirements. Many of the high-grade intercepts confirmed the widths and grades of previous drilling. At the Pinnacles East Resource area, a drill program of 18 RC holes for 1,933m and 4 diamond drill holes for 492m was completed. The drill program was designed to gain information required by the various consultants to utilise in the mine study, predominantly geotechnical, bulk density and hydro-geological information. All samples were submitted to Intertek Genalysis laboratory for analysis with the significant intercepts (>2g/t Au) in Table 1 and full results in Table 2. About Nexus Nexus has entered into a Farm-in and Joint Venture Agreement over the Pinnacles JV Gold Project with Saracen Gold Mines Pty Ltd, a subsidiary of Saracen Mineral Holdings Limited (ASX:SAR) (see ASX Release 17 September 2015). This investment is consistent with the Company strategy of investing in advanced gold exploration assets | |
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