Announcement Date: 2022-05-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 84m @ 1.35g/t Au from 9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce further high-grade gold assay results from drilling completed at the Crusader – Templar Prospect, within the Company’s Wallbrook gold project in WA. The gold mineralisation tenor and widths observed in these recent holes complement and enhance the results seen in previous drilling at Crusader-Templar, with broad high-grade mineralisation being intersected in these latest drill results The results from this program of drill holes continue to be very encouraging, intersecting broad and consistent mineralisation. With 3 RC drill rigs and 2 Diamond drill rigs operating on site, Nexus continues to undertake infill and extensional drilling to define and extend this evolving 1.6km mineralised corridor. The Company has undertaken initial RC drilling of two regional exploration targets, Solomon and Branches prospects. These prospects were identified by regional gravity and magnetic surveys. Solomon Prospect – Nexus drilled three broad spaced RC lines (17 RC drill holes for 3,812m), testing for the northern extension of the mineralised corridor ~800m north of Crusader-Templar. The holes sucessfully intersected hematite altered / silicified quartz porphyry that has intruded a volcaniclastic host rock unit. Results are pending.
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