| 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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