Nexus minerals _ pinnacles east drill results – 7 february 2017 _ 4-traders


Eastern Goldfields gold explorer, Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce the results of the recent drill program completed over the Pinnacles East Resource area.

The principal purpose of the drill program was to provide the necessary geotechnical information required to input into the mine potential study currently underway. Eur usd historical data Whilst a number of holes were drilled within, and adjacent to, the mineral resource area, the majority were drilled for geotechnical study requirements. Python tutorial Many of the high-grade intercepts confirmed the widths and grades of previous drilling.

At the Pinnacles East Resource area, a drill program of 18 RC holes for 1,933m and 4 diamond drill holes for 492m was completed. Usd myr exchange rate The drill program was designed to gain information required by the various consultants to utilise in the mine study, predominantly geotechnical, bulk density and hydro-geological information. Gbp to usd conversion All samples were submitted to Intertek Genalysis laboratory for analysis with the significant intercepts (>2g/t Au) in Table 1 and full results in Table 2.

Nexus has entered into a Farm-in and Joint Venture Agreement over the Pinnacles JV Gold Project with Saracen Gold Mines Pty Ltd, a subsidiary of Saracen Mineral Holdings Limited (ASX:SAR) (see ASX Release 17 September 2015). Nzd usd live This investment is consistent with the Company strategy of investing in advanced gold exploration assets.

Nexus Minerals is a well-funded resource company with a portfolio of gold projects in Western Australia. Stock futures marketwatch With a well-credentialed Board, assisted by an experienced management team, the Company is well placed to capitalise on opportunities as they emerge in the resource sector.

The information in this report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation, prepared, compiled or reviewed by Mr Andy Tudor, who is a Member of the Australasian Institute of Mining and Metallurgy. Hkd to usd exchange rate Mr Tudor is a full-time employee of Nexus Minerals Limited. Usd cad fx Mr Tudor has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity for which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Usd eur bloomberg The exploration results are available to be viewed on the Company website Best exchange rate usd to inr The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements. The boxer Mr Tudor consents to the inclusion in the reports of the matters based on his information in the form and context in which it appears.