Announcement Date: 2022-08-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 61m @ 1.6g/t Au from 28m
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 reverse circulation (RC) 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. With all assays now received from recent RC drilling at the Crusader-Templar Prospect, a mineralised system of over 1.6km strike length has clearly emerged, comprised of multiple parallel lodes across a zone some 300 metres wide. The system remains open to the north and high-grade shoots remain open at depth. This is particularly significant given the Crusader-Templar Prospect falls on the southern end of an under-explored and highly prospective corridor which incorporates the Solomon and Branches Prospects located up to 3km along strike to the north (see ASX release 24/05/2022 for previous high-grade Solomon and Branches drill results). These recent Crusader-Templar RC drill results have again confirmed ongoing grade continuity through the corridor, whilst also offering extensions to previously mapped mineralised porphyry units. Gold mineralisation displays a clear association with a porphyry intrusive swarm
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