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In addition to the Kookynie Gold Project and the Yundamindera Gold Project, Nex Metals has the following projects in Australia:
Kalgoorlie West Project
GOLD
The project comprises 8 granted prospecting licenses and 1 granted exploration license located approximately 8km south west of Kalgoorlie and 9km south east of the Binduli mining centre mined by extensive open pits by Croesus mining during the early to late 1990s.
Work during the quarter consisted of a mapping and sampling program with specific emphasis within P26/3120 and P26/3121, the True Sons Project, located approximately 9 kilometres south of Kalgoorlie-Boulder.
A number of old RAB holes were located within deeply weathered sediment and subject to resampling. Initial re-sampling of old RAB drill holes at True Sons has returned significant results from at least one RAB hole situated at 357694E, 6584122N [MGA] within P26/3121. The hole has not been clearly identified from old reports, but was probably drilled to the west to a depth of at least 60 metres in intensely weathered sediments.
Composite sample TS1006 [20m; 20–40m] returned an Au value of 1119ppb [1.12g/t] and composite sample TS1007 [2m; 40-60m] returned an Au value of 1436ppb [1.44g/t] for a total intersection of 40m at 1.28g/t.
Other anomalous samples include a 20m composite at 0.13ppm Au [Sample TS1002] and a 20m composite at 0.17g/t Au [Sample TS1010].
Further sampling and mapping is underway in order to outline in more detail the area of interest. From the significant anomalous results returned, the area warrants a systematic drilling program to determine the orientation and extent of the gold mineralisation.
Kookynie East Project
GOLD NICKEL
- 175km² in 2 ELs pending, 25km SW of Leonora.
- Located south of and along strike from the historical Sons of Gwalia goldmine.
- 22km strike on the Melita Fault in mafic sediments - a good host for gold.
- Prospective gold workings.
Lake Julia Project
GYPSUM, NICKEL
- In excess of 70km²
- Within 15km of the Southern Cross gold mining centre on a parallel structure.
- Historical resource of 1.2 million tonnes of Gypsum (which is used extensively in the building industry).
- Minimal production costs for a commercial operation. Short haul to the Lake Julia siding on the Perth Kalgoorlie rail link.
Depot Hill
GOLD NICKEL
- 58km² EL 20km west of Kambalda. Located around a granite contact.
Norseman
GOLD
- 70km² granted EL 5km east of Norseman covering 20km of strike of a major regional structure parallel to Central Norseman Gold.
Nambi
GOLD NICKEL
- 86km² granted EL 50km NNW Murrin Murrin Nickel (large producing nickel mine).
