Nexus Completes Drilling at Pinnacles JV Gold Project
Nexus Minerals $NXM completed a 4 hole, 1164m RC program at Pinnacles JV. The holes were drilled below previous mineralised zones and encountered similar geology, alteration and structures. Results pending, due late April 2016.
Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to advise that it has recently completed the 1,164m, 4 hole RC drill program at the Pinnacles JV Gold Project (Fig 1).
The drill holes intersected geology, alteration and structures similar to those observed in previous Nexus drilling and historic drill holes by previous operators. Drill samples have been submitted for analysis with the results expected late April 2016. On completion of geological assessment, the results will be released.
The Pinnacles JV Gold Project is a Farm-in and Joint Venture Agreement with Saracen Gold Mines Pty Ltd, a subsidiary of Saracen Mineral Holdings Limited (see ASX Release 17 September 2015). This project is consistent with the Company strategy of investing in advanced gold exploration prospects.