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Nexus Minerals Drills Encouraging Wallbrook Gold Results

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Nexus Minerals Diamond Drilling Unlocks Crusader-Templar Geology Model

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) announced assay results from diamond drilling completed at the Crusader – Templar prospect, within the company’s Wallbrook gold project in Western Australia.

Nexus Minerals received assay results from 21 diamond drill holes that have encountered multiple zones of mineralised, altered, and silicified quartz porphyry intersected along 1.6 kilometres of strike.

The company said gold mineralisation was intersected in deep ‘feeder’ structures and in the limbs and fold closures of shallow quartz porphyry units.

Results included:

DDH#15
1.5 metres at 8.3 grams per tonne gold (within 3.5m at 3.96g/t gold from 218m);

DDH#92
3m at 4.18g/t gold (within 5.8m at 2.36g/t gold from 293.6m); and

DDH#368
3m at 4.07g/t gold (within 8.4m at 1.84g/t gold from 341.6m).

“The information gained from this diamond drill program has provided a step change in our geological understanding and interpretation of this very large mineralised system,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The diamond drill holes have intersected multiple zones of gold mineralisation within the same mineralised, altered, and silicified quartz porphyry rock unit, intersected in our previous shallow RC drill program.

“The results have enabled Nexus to create a geological model which will allow for more targeted future drill program planning.”

 

 

 

Web: www.nexus-minerals.com

 

Nexus Minerals Drills Branches Prospect Gold Camp Potential

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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

 

Web: www.nexus-minerals.com

 

Nexus Minerals Intersects High-Grade Wallbrook Gold

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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.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.nexus-minerals.com

 

Nexus Minerals Hits High-Grade Gold Link at Crusader-Templar

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) reported on recent drilling activity at the Crusader–Templar prospect, within the company’s Wallbrook gold project in Western Australia.

Nexus Minerals reported the gold mineralisation tenor and widths it has observed in the recent holes complement and enhance its previous drilling results at Crusader-Templar, intersecting broad high-grade mineralisation.

41 of 43 RC drill holes intersected gold mineralisation exhibiting strike and depth continuity, returning results that included:

5m at 4.09 grams per tonne gold, within 43m at 1.2g/t gold from 20m;

7m at 3.4g/t gold, within 20m at 1.27g/t gold from 28m; and

3m at 4.91g/t gold, within20m at 1.43g/t gold from 43m;

“The drill results continue to impress, with broad high-grade zones of mineralisation being returned,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The positive link zone drill results allow us to confidently confirm the joining of the Crusader and Templar prospects into a single 1.6 kilometres mineralised corridor.

“With the five drill rigs continuing to operate on site as planned, we are now well into the 6,000 metres diamond drill program and the follow-up 40,000 metres RC program at Crusader-Templar.

“The strength of these results continues to build our confidence in the potential for the Crusader-Templar prospect to evolve into a very large mineralised system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.nexus-minerals.com

 

Nexus Minerals Intersects Broad and High-Grade Wallbrook Mineralisation

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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:

DDH21-1
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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.nexus-minerals.com

 

Nexus Minerals Encounters High-Grade Gol at Templar Prospect

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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.”

 

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

 

Web: www.nexus-minerals.com

 

Nexus Minerals Completes Pinnacles Scoping Study

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) announced positive results from an Independent Scoping Study on the company’s Pinnacles JV gold project in Western Australia.

Nexus Minerals said the independent study, conducted by mining consultants Coverdale, provides the ability for the project to advance rapidly to the commencement of a Feasibility Study (FS).

The Scoping Study focussed on the Mineral Resource currently defined within the Pinnacles JV resource area, and has confirmed Nexus’ belief in the prospectivity of the Pinnacles JV project.

The company said the study results were positive and justify Nexus committing to the next stage of exploration and development by progressing to a Feasibility Study this year.

The Feasibility Study will incorporate additional resource definition drilling, geotechnical drilling, environmental studies and metallurgical test work along with other key assessments and permitting.

“I am very pleased to have completed this Scoping Study,” Nexus Minerals managing director Andy Tudor said in the company’s announcement to the Australian Securities Exchange.

“It has identified a clear pathway to seek to monetise the mineral resource with the company’s aim being to develop an open cut, followed by an underground mining operation.

“The mineral resource is robust in terms of both tonnes and particularly grade.

“These Scoping Study results, in conjunction with the current strong Australian gold price, further enhance the strength of the Pinnacle’s project, with the advantage of a pre-existing ore sales agreement with Saracen, with any ore mined to be processed through Saracen’s Carosue Dam Operation.”

Nexus Minerals’ tenement package at the Pinnacles gold project is largely underexplored.

It commences less than five kilometres to the south of, and along strike from, Saracen Mineral Holdings (ASX: SAR) Carosue Dam mining operations, and current operating Karari underground gold mine.

Nexus has a substantial land package of what in considers highly prospective geological terrane within a major regional structural corridor and is exploring for gold deposits.

The company consolidated the Wallbrook gold project by merging existing Nexus tenements with others acquired from both Saracen Mineral Holdings and Newmont Exploration, where it intends to further advance its gold exploration efforts.

 

Web: www.nexus-minerals.com