Announcement Date: 2022-08-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 55m @ 1.47g/t Au from 17m
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 significant broad high-grade gold assay results from drilling completed at the Crusader – Templar Prospect, within the Company’s Wallbrook Gold Project in the eastern goldfields of Western Australia. Nexus drill campaigns have concentrated on a mineralised corridor 1.6km in length and some 300m wide, with the drilling being undertaken on Nexus’ 100% owned granted mining tenements. The highly prospective tenure is situated between Northern Star Ltd’s operating Porphyry mining centre and its multi-million ounce Carosue Dam mining operation – where Northern Star’s 3.2 million tonne per annum gold processing plant is located. The Crusader-Templar drilling has successfully shown the mineralisation to be continuous along the full extent of the 1.6km mineralised corridor tested to date, with multiple sub-vertical sheeted mineralised porphyry units being mapped effectively. The strong continuity of mineralisation associated with these sub-vertical porphyry units allows for effective drill targeting of the mineralised zones. This latest set of results are predominantly from the northern end of the Crusader-Templar prospect where the drill program focussed on more detailed pattern drilling of the oxide component of the mineralisation down to ~100m. This targeted shallow drilling was designed to provide the detail required for inclusion in a mineral resource estimate and pit design optimisation studies, to be undertaken on any potential shallow oxide resource.
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