Announcement Date: 2022-05-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 29m @ 5.29g/t Au from 30m
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 significant high-grade gold assay results from drilling completed at the Crusader – Templar Prospect, within the Company’s Wallbrook gold project in WA. Nexus Managing Director Andy Tudor commented “The increased drill density is really aiding in our interpretation of this large mineralised system. There is a clear southerly plunge component comprising the multiple parallel high-grade gold shoots. These are now being targeted in the near-surface to 300m depth RC program. To have received multiple bonanza gold grades in both near surface drilling and at a depth of over 250m vertically from these results, reflects the large scale and high-grade nature of this evolving gold system.” Nexus is undertaking a significant drill campaign at its Wallbrook gold project, 140km northeast of Kalgoorlie Western Australia. Three RC drill rigs and two diamond drill rigs are currently operating to evaluate the gold prospectivity across Nexus’ extensive tenement package. Drilling is currently concentrating on a mineralised corridor 1.6km in length and some 300m wide, with the drilling being undertaken on granted mining tenements. The highly prospective tenure is situated between Northern Star’s operating Porphyry mining centre and its multi-million ounce Carosue Dam mining operation – where the Northern Star’s 3.2 million tonne per annum gold processing plant is located.
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