NXM is in a terrific position:- 6,042m of RC drilling pending...

NXM is in a terrific position:

- 6,042m of RC drilling pending assays results from Branches, Crusader, and Golden Dyke.
- $4.9m cash at end of September 2020.
- Prospects and defined resources on the doorstep of Saracen’s Carosue Dam Processing Plant.

Expect resources to increase at Crusader from existing 85Koz Au resource base, with completed drilling between 100-180m depth extending the resources deeper once assays are received. Hopefully the grades continue to increase at depth which is possible based on existing drilling below the base of oxidation as I have previously posted here.

With near term production possible and cheap start up costs due to probable toll treating at Carosue Dam, this stock is one of the few juniors that has significant multi-bagging potential with full exposure to likely rising gold prices.