NXM 2.44% 4.2¢ nexus minerals limited

I was expecting much higher grades from the 5mtr DDH5 intercept...

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    I was expecting much higher grades from the 5mtr DDH5 intercept (due to the visual gold) but it is what it is. It is very promising that they found mineralisation in each of the 4 Diamond holes right down to ~700mtrs, but they'll need to hone in on the sweet spots with future Diamond holes to create an economical resource at those deeper depths as none of the intercepts from this initial round were high grade.

    I think the positive of this announcement is the continuation of the same quartz porphyry system over a very broad distance (Diamond holes were 200mtrs apart). This alludes to more higher grade assay results in the future as they target in on the various hit zones they encountered here.
 
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