The company holds ground in the Eastern Goldfields picked up from Saracen and Newmont.
Nexus Minerals Ltd
Nexus Minerals Ltd (ASX:NXM) is a diversified resources company with a portfolio of projects in Western Australia.
| EPIC: | NXM |
| Market: | ASX:NXM |
| 52-week High/Low: | A$0.097 / A$0.047 |
| Sector: | Mining |
| Market Cap: | A$5.14M |
| Website: | www.nexus-minerals.com |
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Big Picture – A Deep Dive Examination of Nexus Minerals Ltd
Nexus Minerals Ltd Timeline
Proceeds from the placement and subsequent SPP will allow the company to accelerate work programs, including a high impact RC drilling program.
The halt will remain in place until the start of normal trading on Wednesday or when an announcement is released.
The company holds ground in the Eastern Goldfields picked up from Saracen and Newmont.
Pre-drilling exploration has identified target areas at the Paint and Crusader prospects.
Wallbrook's March quarter work program involves mapping, surveys and drill testing.
The three new tenements mean the project now covers 250 square kilometres highly prospective for gold.
Last month, the company confirmed high-grade gold drilling results from the Wallbrook Gold Project.
The project now has 250 square kilometres of prospective geological units known to host significant gold mineralisation.
The results confirm the presence of high-grade mineralised zones within broader low-grade mineralised halo.
Wallbrook has four main prospects - Crusader, Jedi, Paint and Eastward Reefs.
Seats are filling fast for the next luncheon series in Sydney and Melbourne.
Nexus remains focused exploring for gold in the Eastern Goldfields.
Article
Nexus Minerals hits high-grade gold at GT6 prospect in Western Australia’s 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.
