Nexus Minerals Intersects High-Grade Wallbrook Gold
THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) reported high-grade gold assay results achieved from drilling completed at the Branches, Solomon and Clement regional prospects within the company’s Wallbrook gold project near Kalgoorlie in Western Australia.
Nexus Minerals is undertaking an extensive drill campaign at Wallbrook with three RC drill rigs and two diamond drill rigs currently operating to evaluate the gold prospectivity across the company’s tenement package.
Drilling at the Branches prospect delivered high-grade drilling results including:
5 metres at 17.91 grams per tonne gold within 8m at 11.37g/t gold from 118m;
5m at 5.45g/t gold and 3m at 6.07g/t gold within 36m at 2.04g/t gold from 43m;
6m at 3.95g/t gold within 31m at 1.31g/t gold from 113m;
8m at 2.52g/t gold within 13m at 1.66g/t gold from 134m; and
6m at 3.05g/t gold within 9m at 2.22g/t gold from 232m.
The Solomon prospect encountered:
10m at 3.4g/t gold within 22m at 1.88g/t gold from 123m;
3m at 4.69g/t gold within 26m at 1.06g/t gold from 258m;
3m at 1.79g/t gold within 6m at 1.06g/t gold from 34m; and
2m at 1.55g/t gold within 8m at 0.52g/t gold from 43m.
Results from 3 holes, out of 7 drilled at Clement include:
4m at 3.73g/t gold within 10m at 1.7g/t gold from 151m; and
2m at 5.57g/t gold within 10m at 1.29g/t gold from 71m.
“Whilst still early in the evolution of the Wallbrook gold project, the scale of metal endowment of this large mineralised system is extremely encouraging,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.
“To have received such high-grade gold results from this early-stage regional drilling, in both near surface drilling and at a depth of over 200 metres vertically, leads Nexus to believe that we may be sitting on a significant gold camp.
“Our aggressive exploration strategy continues to reap rewards and on receipt of these stunning results from Branches prospect, a follow-up RC drill program has already commenced.”
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