Articles On Nexus Minerals (ASX:NXM)

The company’s Pinnacles JV Gold Project and Wallbrook Gold Project are both around 140 kilometres northeast of Kalgoorlie.

The company is exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia.

The junior miner has outlined its six-month program - with Pinnacles topping its list - after having completed a scoping study and embarking on a feasibility study.

The Pinnacles East scoping study confirmed the company’s belief in the prospectivity of the project.

The study results justify Nexus committing to the next stage of exploration and development by progressing to a feasibility study this year.

The company is undertaking mining studies at the Pinnacles JV gold project and using spectral data to analyse results from the Wallbrook project.

The Pinnacles East combined resource has been updated to 609,000 tonnes at 4 g/t gold for 78,000 ounces.

The company is investing in new exploration techniques to refine the targeting approach for current and future tenements, including the use of spectral data.

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Nexus Minerals Limited (ASX: NXM) provided its September quarter report wherein it reported that it has completed the first pass aircore drill program on two prospect areas – Crusader and Templar – within its highly prospective 250km2 Wallb...

Drilling has intersected high-grade gold mineralisation in the Crusader-Templar corridor.

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Exploration has been focused on the Crusader, Paint and Templar prospects within the Wallbrook Gold Project.

Drilling follows the release of an 85,000-ounce gold resource grading 1.22 g/t at Crusader in July 2019.

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The company has about $4 million in cash for further drilling across its compelling targets.

Gravity and high-resolution ground magnetic surveys have been competed over Crusader and Templar prospects with interpretation providing compelling targets.