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Nexus Minerals will be busy in 2019 with two-pronged approach for Wallbrook project

Nexus Minerals Ltd (ASX:NXM) managing director Andy Tudor speaks to Proactive Investors about the Eastern Goldfields-focused explorer's newly enlarged Wallbrook Gold Project. Nexus recently acquired three neighbouring tenements from Newmont Mining Corp’s (NYSE:NEM) Newmont Exploration, increasing the total scale of Wallbrook to 250 square kilometres.

Tudor explains that a myriad of current and upcoming exploration works are focused on two main targets: shallow, lower-grade bulk-tonnage mineralisation that represents 'low hanging fruit'; and deeper potential 3-5 million ounce discoveries. Overall, he draws comparisons with Saracen Mineral Holdings' Karari deposit, which is located 30 kilometres to the South.

Quick facts: Nexus Minerals Ltd

Price: 0.045 AUD

Market: ASX
Market Cap: $5.32 m

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Full interview: Nexus Minerals begins aircore drilling prospects within WA...

Nexus Minerals (ASX:NXM) managing director Andy Tudor updates Proactive Investors on the start of an aircore drilling program on the Crusader and Templar prospects within its Wallbrook Gold Project in WA. Ground-based exploration activities will also be continued, including geological mapping...

on 29/8/19

2 min read