Eastern Goldfields gold explorer, Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce that during the quarter it completed a follow-up 1,164m, 4 hole RC drilling program on the Pinnacles JV Gold Project.
The drilling program commenced in late March 2016 and was completed early April - with the aim being to test for strike and depth extensions to the high grade mineralisation at the northern end of the prospect area. Results are expected to be received by the end of April [this week].
This program concentrated on following up the high grade gold results returned in holes drilled by Nexus in November 2015, and previously by Saracen Mineral Holdings Limited (Saracen). The re-logging of the 40 Saracen RC drill holes has allowed Nexus to build a consolidated geological / alteration / mineralisation model which has assisted in drill program planning.
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