Nexus Minerals Intersects Broad and High-Grade Wallbrook Mineralisation

THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) received the first assay results after commencement of the company’s 2021 exploration drilling activities at the Wallbrook Project in Western Australia.

Nexus Minerals explained the drilling activity follows high-grade assay results received across multiple prospects at the Wallbrook Project in 2020.

A two-hole, diamond drilling program has recently been completed at the Crusader Prospect to test beneath the broad high-grade mineralised zone intersected in the 2020 RC drill program.

The first diamond hole drilled at Crusader intersects multiple mineralised zones including:

3 metres at 11.54 grams per tonne gold (within 9m at 4.49g/t gold) from 159m;
4m at 2.59g/t gold (within 7m at 1.63g/t gold) from 138m; and
2.7m at 5.7g/t gold from 53.4m.

DDH21-1 was drilled to test for depth extension to Nexus 2020 RC holes that returned broad high-grade mineralisation, returning results of:

6m at 6.74g/t gold (within 12m at 3.61g/t gold from 138m to EOH);
5m at 5.01g/t gold (within 11m at 3.44g/t gold from 141m); and
4m at 7.17g/t gold (within 15m at 2.11g/t gold from 135m to EOH).

“This is a great result to start our 2021 drill programs at Crusader,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The diamond drilling has given us a clearer understanding of the mineralisation style, and we now eagerly await the results from DDH21-2 that was drilled beneath DDH21- 1 to a depth of 805 metres.

“Previous Crusader prospect RC drilling intersected broad and high-grade gold intercepts showing continuity of mineralisation over greater than 700m strike, which remains open in all directions, and importantly at depth.

“The Crusader-Templar mineralised system now extends over some 1,600 metres of strike – and is rapidly growing into an exciting new mineralised corridor.”