Nexus Minerals’ Andy Tudor to outline gold drilling progress at Proactive's CEO Sessions
Seats are filling fast for the next luncheon series in Sydney and Melbourne.
Company
ASX:NXM
Nexus Minerals Ltd is a well-funded resource company with a portfolio of gold projects in Western Australia, gold-copper & critical minerals in New South Wales and porphyry copper-gold in Bethanga Victoria. The company is actively exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia.
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Seats are filling fast for the next luncheon series in Sydney and Melbourne.
Nexus remains focused exploring for gold in the Eastern Goldfields.
Aircore drilling has returned an intersection of 12 metres at 3.27 g/t gold from 100 metres, including 4 metres at 6.37 g/t.
Nexus has only scratched the surface in seeking out a Karari-style deep plunging ore body.
The acquisition is consistent with Nexus' strategy of investing in advanced gold exploration assets.
A 6,000-metre, 75-hole aircore program is underway to test a large anomalous gold zone.
Drilling to date has tested only a fraction of the anomalous gold corridor.
The 58 square kilometre Wallbrook tenement package is near Kalgoorlie, Western Australia.
Accelerated exploration program planned for Wallbrook tenements.
The management team is seeking further gold joint venture opportunities.
Nexus holds over $5 million in cash at the end of September.
The drill program was designed to test previously identified gold anomalies.
Assays from the first 17 holes of a 48-hole drill program have been received.
Shares in Nexus are up over 20% intra-day, currently trading at $0.105
Nexus is an active gold explorer in a multi-million ounce gold region.
Nexus has an enterprise value of just a couple of hundred thousand dollars.
Phase two auger sampling has revealed 16 gold targets.
Phase one exploration recently identified multiple gold targets at Pinnacles.
Nexus is focused on gold exploration in the Eastern Goldfields.
Phase one exploration has identified multiple gold targets at Pinnacles.