Nex Metals Explorations Ltd

Projects

Australia

Kookynie Gold Project

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Located 200 km north of Kalgoorlie and 50 km south of Leonora on the main gold trend, the project contains historical mining activity with some established historical estimates, delineated by Sons of Gwalia and Resource Evaluation Pty Ltd among others, within this gold field.

Historical gold estimates are: Champion 14,000oz, Mactavish 6,000oz, Leipold 33,000oz.

Historical production from the region, ranging from the 1890s through to the mid-late 1990s, exceeds 600,000 ounces of gold.

Within the Nex tenements is the Cosmopolitan Mine. This mine has strong historical production, historically producing approximately 360,000 ounces of gold at an average grade of 15 grams per tonne to a depth of 320 vertical metres.

The Kookynie Gold Project is situated within the North Coolgardie Mineral field covering the Keith-Kilkenny Tectonic Zone (KKTZ). In the Kookynie district this zone presents as a wedge shaped area of predominantly mafic-ultramafic igneous and metasedimentary rocks. These rocks further along strike host many significant gold deposits the largest of which is the Sons of Gwalia goldmine.

Previous exploration has been stop-start predominantly shallow drilling with a number of different companies involved. Nex plans to assess the projects and to, step by step, complete a systematic along strike and down dip exploration approach.

Projects