They also issued mid week alert that day and recently discussed the project in details in the webinar where they spoke about potential takeover by NST and the comparison with Degrey mining (DEG).
Mid-week alert – Nexus MineralsLatest Price: $0.22 +43%
The latest assay results just released by Nexus Minerals have been well receivedby the market, with the shares surging over 40% this morning. The assays from drilling at Templar have intersected broad and high-grade gold, in a similar style to the company’s Crusader prospect some 1.2 kilometres away. The Templar results could indicate a link between the two prospects.
Nexus has released the result from 13 drill holes from its Templar prospect, with some quite stunning results, including one hole with multiple hits of 23 metres graded at 2.85 grams per tonne gold (g/t) from 132 metres and an enriched zone of ten metres graded at 5.64g/t gold. In addition, there was a strike of six metres graded at 6.21g/t gold with an enriched zone of four metres graded at 9.24g/t gold from 90 metres and a final hit of two metres graded at 11.02g/t gold from 220 metres. These are extraordinary results and were accompanied by several holes of a similar ilk.
We will provide further details on the Templar results in today’s Global Mining report. In the meantime, and despite the surge in the share price we continue to recommend Nexus Resources as a buy for Members with no exposure.
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