Nexus Minerals (ASX:NXM) has announced further ‘high-grade’ gold assay results from a recently-completed drilling campaign at the Crusader-Templar prospect within its Wallbrook Gold Project in Western Australia.
The results, generated from 3 RC drill holes and 2 diamond drill holes, returned gold mineralisation in shallow and deep drill holes that the company says further complement and enhance previous results from the deposit.
Key results include:
- Hole 266: 14m @ 2.44g/t Au and 33m @ 2.09g/t Au within 84m @ 1.35g/t Au from 9m
- Hole 293: 10m @ 4.48g/t Au within 16m @ 2.90g/t Au from 31m
- Hole 267: 6m @ 5.86g/t Au within 19m @ 2.41g/t Au from 150m
- Hole 292: 6m @ 3.10g/t Au within 16m @ 1.26g/t Au from 98m
- Hole 279: 4m @ 5.09g/t Au from 358m
- Hole 302: 3m @ 6.32g/t Au from 224m
Speaking on the results, Nexus Minerals Managing Director Andy Tudor said: “The drill results continue to impress, with broad high-grade zones of mineralisation being returned. The widths and grades returned in shallower oxide targeted drilling, including 84m @ 1.35g/t Au from 9m are impressive, building our confidence in the potential for the Crusader-Templar Prospect to evolve into a very large mineralised system.”
“The widths and grades returned in shallower oxide targeted drilling, including 84m @ 1.35g/t Au from 9m are impressive”
Nexus also notes that all 40 of the completed RC drill holes at Crusader-Templar have reported gold mineralisation, indicating strike and depth continuity of the deposit.
In addition, the company has undertaken initial RC drill work across the Solomon and Branches regional exploration targets, which were identified by gravity and magnetic surveys immediately north of the Crusader-Templar prospect. Assays remain pending.
The Wallbrook Gold Project covers a 250km² footprint via an amalgamation of tenements acquired from Newmont (NYSE: NEM) and Saracen Minerals (now part of Northern Star Resources) in 2018.
Location of Nexus Project tenements with Western Australia’s Eastern GoldfieldsThe project sits within an 8km belt that has produced over 350,000 ounces of gold from multiple operations between 1921 to 2012. This region boasts a current JORC 2012 Mineral Resource inventory of 31Mt @ 1.5g/t for 1.5m ounces of contained gold. The company notes that none of the historic workings or resource inventory are contained on its tenements.
With the recent drilling campaign now complete, Nexus is proceeding with further infill and extensional drilling in order to define and extend the mineralised corridor.
Images: Nexus Minerals Limited
