Nexus Minerals Drills Encouraging Wallbrook Gold Results

THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) can expect to be fielding a raft of enquiries at the RIU Explorers Conference next week after releasing exploration news from the company’s Wallbrook gold project near Kalgoorlie in Western Australia.

Nexus Minerals announced assay results from extensional reverse circulation (RC) drill programs at the Crusader-Templar and Branches prospects as well as results received from regional aircore drilling, at the MC4.1 and MC3.1 prospects.

The Branches RC drill program extended the mineralised corridor to over one kilometre in strike length (increased from 600 metres) as extensional drill holes intercepted mineralisation at shallow depths above 150m.

Nexus considers the positive drill results on the most northern (4m at 2.85g/t gold within 10m at 1.33g/t gold) and most southern drill lines (12m at 1.84g/t gold within 17m at 1.39g/t gold), in areas of no previous exploration, support the ongoing potential of mineralised corridor MC1, which remains open in all directions.

First pass aircore drill testing of Target MC4.1 intersected mineralised quartz-goethite alteration and hematite altered quartz porphyry in a number of the holes drilled.

Nexus indicated this to be the same mineralisation style as seen at the Crusader-Templar and Branches prospects.

“The Crusader-Templar and Branches prospects extensional RC drill program has yielded great results that have added to both of the prospects respective drill footprints,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“We continue to be on track for the Crusader-Templar Mineral Resource Estimate to be completed by the end of the March quarter.

“The aircore drill program testing of regional target MC4.1 also provided some great results and is now ready for RC drill testing.”

 

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