Announcement Date: 2022-05-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 8m @ 11.37g/t Au from 118m
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 regional prospects, Branches, Solomon and Clement (new prospect), within the Company’s Wallbrook gold project in WA. 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 250km2 tenement package. Initial regional drilling has concentrated on the Branches and Solomon Prospects. Solomon lies 800m north of Templar, with Branches a further 2km north. These prospects sit on mineralised corridor 1 (MC1) that has been defined over 5km in length and some 300m wide. The mineralised corridor remains completely open at depth and to the north, where Nexus tenure continues along strike for a further 5km to beyond The Gap Prospect. In a parallel mineralised corridor, the newly named Clement Prospect is located 500m to the east of the Crusader-Templar prospect on the next mineralised corridor 2 (MC2). A seven hole 1,104m RC drill program was recently completed
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