NXM nexus minerals limited

News: Nexus Minerals targets deeper gold in Western Australia

  1. Nexus Minerals (ASX:NXM) is carrying out a 4,000 metre reverse circulation drill program at the Triumph Gold Project in Western Australia to test four high priority prospects.

    This targets potential depth extensions – 80-100 metres below surface – of the mineralised structures identified.

    Approximately 2,000 metres of the program has been conducted at the Ace of Hearts and Perseverance prospect areas.

    This has identified a highly deformed greenstone sequence intruded by narrow porphyry units and a number of silicified shear zones and quartz vein intersections.

    A further 2,000 metres of drilling will be conducted at the Triumph and Glengarry prospect areas over the next ten days.

    The project tenements, located about 145 kilometres northeast of Kalgoorlie, provide a semi-continuous strike length of historic gold mine workings and shafts over a mineralised structure of 16 kilometres.

    The area was principally mined between 1897 and 1921, with recorded production of 22,168 tonnes at 46.4 grams per tonne gold from the “Senate” line of workings (between Neta & Concordia prospects), and 8,100 tonnes at 24.5g/t gold from the “Triumph” line of workings (between Perseverance & Glengarry prospects).



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 
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