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Nexus Minerals Ltd.
Summary
| Project: | Pinnacles | |
|---|---|---|
| Deposit: | Pinnacles | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-5-2018: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Pinnacles deposit at the Pinnacles project. Drilling results incl. 12m @ 3.27g/t Au from 100m. 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 completion of a 4,672m aircore drill program at the Pinnacles GT6 prospect. Concurrently Nexus undertook a regional auger geochemical program infilling three key target areas identified in its first pass regional auger geochemical program. The aircore program consisted of 76 holes drilled to top of fresh rock. Bottom of hole samples are being subjected to multi-element geochemical analysis (results pending) and geological / alteration mapping (petrology pending). GT6 Anomaly Gold mineralisation was intersected from 100-112m (end of hole) in quartz + carbonate + pyrite altered Carosue Dam sediments, adjacent to the major Yilgangi Fault splay regional structure, over a gravity low. This intersection, in conjunction with the previous Nexus drill intercepts 800m to the north east, and the high-level auger geochemical gold anomaly, has highlighted the 800m x 400m mineralised corridor adjacent to the Yilgangi Fault splay as a compelling target for the proposed 6,000m follow up aircore drill program. | |
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