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Nexus Minerals gets on-market support from chairman

Phase one exploration recently identified multiple gold targets at Pinnacles.
Nexus Minerals gets on-market support from chairman
The company's chairman has increased his shareholding

Nexus Minerals (ASX:NXM) has had its board’s chairman, Paul Boyatzis, purchase a total of 400,000 shares on market.

The shares were purchased for consideration of $32,000 and increase Boyatzis’s combined share holdings to 9.08 million shares.

Nexus most recently completed its phase one regional auger soils exploration program at the Pinnacles Gold Project in the Eastern Goldfields of Western Australia.

Exploration comprised an auger soil geochemical sampling program, the regional gravity survey and ground geological activities over the prospective Pinnacles regional 100 square kilometre tenement area.

Multiple auger soil geochemical anomalies were identified with the maximum result grading 1,552 ppb gold.

Infill auger soil lines will be undertaken to better constrain the GT5 anomaly boundaries prior to planning drill activities.

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