Nexus Minerals Ltd (ASX:NXM) managing director Andy Tudor speaks to Proactive Investors about the gold explorer's activities across its highly prospective tenement package in the eastern goldfields of Western Australia.
The flagship Pinnacles Gold Project is held in joint venture with Saracen Mineral Holdings Limited (ASX:SAR), and Nexus Minerals recently acquired the Wallbrook Gold Project from them as well. Saracen recently became a 6% shareholder in Nexus. Current efforts are focused on developing these two project sites.
Ahead of schedule, a 6,000 metre aircore drill program is almost complete at Pinnacles, to follow up on promising results from a 4,000 metre aircore drill program earlier this year. At Wallbrook, a 4,000 metre RC drill program is happening now, following a raft of survey works. It's the biggest quarter of drilling Nexus Minerals has ever had, according to Tudor.