Nexus Minerals reports quarterly activities and cash flow
Key points
- Significant new gold discovery at Payns Prospect with high-grade intercepts
- Drilling at Clement Prospect confirms stacked high-grade gold lodes
- Godfrey Prospect drilling identifies northwest striking gold system over 1.2km
Full summary
Nexus Minerals has reported on its quarterly activities, with key highlights including a significant new gold discovery at the Payns Prospect, continued success at the Clement and Godfrey Prospects, and progress on the Crusader-Templar gold deposit. The 5,172m RC drill program at the Payns Prospect confirmed the presence of coherent high-grade gold zones, with individual one metre assay results up to 30.05 g/t Au. At the Clement Prospect, a 1,274m RC drill program intersected stacked high-grade gold lodes from surface, with initial 4m composite results including 20m @ 4.06g/t Au and 20m @ 2.39g/t Au. The 1,692m RC drill program at the Godfrey Prospect confirmed a northwest striking gold system over 1.2km in strike, with initial 4m composite results including 4m @ 1.96g/t Au and 4m @ 1.31g/t Au. Nexus also reported on the progress of the Crusader-Templar gold deposit, with the Mine Proposal and Closure Plan, and all other operational permits required to undertake a mining operation, having been submitted to the relevant authorities. Discussions with potential operational and toll treatment partners are also well advanced.
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