Announcement Date: 2023-08-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nexus Minerals Ltd.
Project name: Wallbrook
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 36m at 2.40g/t Au from 18m
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 the final Reverse Circulation (RC) drill results for Branches and MC4.1 Prospects, situated on the Company’s Wallbrook Project located 140km northeast of Kalgoorlie in Western Australia. Both prospect targets have returned outstanding results. The results promote Wallbrook Project as an emerging Gold Camp, with significant opportunity to build scale through systematic regional exploration. Nexus Managing Director Andy Tudor commented “These recent results at Branches prospect continue to build on previous success, increasing confidence in both the Branches mineralisation and the broader exploration potential of Mineralised Corridor MC1, much of which remains unexplored. MC4.1 prospect has surpassed expectations and delivered strong mineralised grades and widths, an exciting achievement for the exploration team. These results demonstrate an effective exploration targeting methodology and the significant opportunity for further discovery at the Wallbrook Gold Project – which continues to demonstrate significant gold camp potential. The exploration team continues to review results whilst progressing the Crusader-Templar mine studies”.
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