NXM got a mention in * yesterday arvo.
WEEKLY SMALL CAP STANDOUTSNexus Minerals (ASX:NXM)
Three holes drilled at the ‘Crusader’ prospect – part of the ‘Wallbrook’ project in WA – have pulled up more thick, high grade gold.
Highlights including 14m at 8.80g/t (within 19m at 6.57g/t from 141m) follow on from previously announced hits like 10m at 6.42g/t (within 17m at 3.97g/t from 182m).
$26m market cap Nexus has now hit Crusader mineralisation over +600m of strike and down to +500m deep.
“These high-grade results from the Crusader prospect have again shown excellent continuity of mineralisation with broad, high-grade gold intersected,” managing director Andy Tudor says.
“With highly encouraging results from the first 11 holes in this drilling campaign, we are eagerly awaiting the results from the further 8 holes drilled (including diamond tails) in the current exploration program at Crusader.”
If current drilling at the adjacent ‘Templar’ prospect returns the goods then this gold-rich corridor will be 1.6km long.
“The diamond drilling currently underway at Templar is delivering some very interesting core, increasing our confidence in the Crusader/Templar 1.6km+ corridor with every drillhole,” Tudor says.
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