NXM 0.00% 5.4¢ nexus minerals limited

Ann: Continued High-Grade Gold Intersections at Crusader-Templar, page-12

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  1. 1,028 Posts.
    lightbulb Created with Sketch. 541

    So after a bit closer look at what's going on, I'm getting excited again.
    First of all, 2 of those intersections in the first page should have them listed in the same hole(2 seperate intersections close together) which makes it a lot more appealing given the depth. 8m @ 4.41g/t plus 4m @ 9.65g/t.
    https://hotcopper.com.au/data/attachments/4138/4138553-45edb95fe6ee01362dfe596087d761eb.jpg


    Below this section is also where the DDH6 has been placed(results due in March). As the pic below shows, pretty consistent grades lay above it. I also like the spacing between the diamond holes.

    https://hotcopper.com.au/data/attachments/4138/4138605-475e0f70786bb78fd01c880984de8be7.jpg
    https://hotcopper.com.au/data/attachments/4138/4138629-f68c9994667efa56a572e4bb1f5926a0.jpg

    Then after re looking at the positioning of DDH5(multiple bits of visible gold and 30m of intense alteration) I remembered it's not too far away from a pretty darn good cross section(historical drilling) at the top of Crusader........pretty exciting to have a deep diamond hole with visible gold close to this cross section.
    https://hotcopper.com.au/data/attachments/4138/4138647-d681d89e9bdd20ff7c6debe8a2ca3b11.jpg

    The thing I love most though, is that management aren't messing around with the money by stalling and chewing it up in fees etc.
    5 drill rigs going flat out and trying to get as much value as they can from the big cash pile....they are giving it their best shot to not only move the company forward smartly but also provide value to shareholders by finding an exciting underground resource with the money they have.

 
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