Nexus Minerals Encounters High-Grade Gol at Templar Prospect

THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) reported assay results from a second round of 20 RC holes drilled at the Templar prospect, within the company’s Wallbrook gold project in the eastern goldfields of Western Australia.

Nexus Minerals declared the first pass shallow drilling had confirmed broad and high-grade mineralisation extending over 700 metres, remaining open in all directions.

Recently encountered intersections include:

12 metres at 5.04 grams per tonne gold from 39m, including 1m at 57.1g/t gold;

5m at 5.88g/t gold from 58m, including 3m at 9.28g/t gold;

26m at 1.67g/t gold from 100m to EOH, including 6m at 3.5g/t gold (EOH);

24m at 1.42g/t gold from 60m, including 6m at 4.22g/t gold, including 1m at 11.53g/t gold; and

37m at 1.03g/t gold from 60m (most northerly hole drilled), including 7m at 2.09g/t gold. and 6m at 2.08g/t gold.

The company indicated that 38 of the 40 RC holes drilled at Templar intersected mineralisation, noting that the drilling tested shallow depth only (approx. 100m) demonstrating potential remaining at depth.

“These latest results from the Templar prospect have again intersected broad and high-grade gold intercepts and shown continuity of the mineralisation, which now extends over greater than 700 metres strike and remains open in all directions,” Nexus Minerals managing director Andy Tudor said in the company’s announcement to the Australian Securities Exchange.

“These exciting results have outlined a potentially large and extensive mineralised system.

“Further extensional, depth and infill drilling will be planned to follow up on the results received in this program.”