Nexus Minerals jumps on striking high-grade gold mineralisation

Nexus Minerals

24/05/2022 04:41

** Shares of Nexus Minerals  NXM.AX  rise as much as 8.1% to
A$0.335, hitting their highest level since May 17
    ** The gold explorer says it has hit "significant"
high-grade gold mineralisation from drilling at its Wallbrook
gold project near Kalgoorlie in Western Australia  urn:newsml:reuters.com:*:nASX13Xzps
    ** Stock posts its biggest intra-day percentage gain since
May 16
    ** Says five drill rigs are continuing to operate on-site at
the project — three RC drill rigs and two diamond drill rigs
    ** Stock down 30.3% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))