Nexus Minerals Drills Branches Prospect Gold Camp Potential
THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) received high-grade gold assay results from regional exploration drilling completed at the Branches prospect, within the company’s Wallbrook gold project northeast of Kalgoorlie in Western Australia.
Nexus Minerals’ Branches prospect lies along strike from the company’s Crusader-Templar prospect, three kilometres to the south and sits on mineralised corridor 1 (MC1) that has been defined over 5km in length and approx. 300 metres wide.
Assay results from 26 holes at Branches have been received, including:
4 metres at 7.23 grams per tonne gold (within 10m at 3.33g/t gold from 115m);
4m at 7.47g/t gold (within 8m at 3.96g/t gold from 73m);
8m at 3.65g/t gold (within 27m at 1.16g/t gold from 26m);
3m at 4.21g/t gold (within 27m at 1.19g/t gold from 27m);
3m at 3.90g/t gold (within 8m at 1.51g/t gold from 124m); and
5m at 3.45g/t gold (within 16m at 1.23g/t gold from 38m).
“To have received such strong gold results from this early-stage drilling at Branches validates our exploration strategy, which continues to reap rewards and demonstrates our growing understanding of the district mineralisation,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.
“This early success in testing the first prospect outside of our Crusader-Templar prospect, really opens up the opportunity of the four mineralised corridors to host significant gold mineralisation.
“These results are extremely positive and lead Nexus to believe that we may be sitting on a significant gold camp.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
