Proactive Investors - Run By Investors For Investors

Nexus Minerals assays gold in all 18 holes drilled at Wallbrook

Wallbrook has four main prospects - Crusader, Jedi, Paint and Eastward Reefs.
map showing 4 projects in Eastern Goldfields
Follow-up drilling at Wallbrook will target high-grade gold mineralisation

Nexus Minerals Ltd (ASX:NXM) has completed drill programs at both its Wallbrook Gold Project and Pinnacles GT6 prospect in Western Australia.

The 18-hole, 3,922-metre reverse circulation (RC) drill program at Wallbrook intersected gold in all holes including 4 metres at 12.86 g/t gold.

Significantly, the mineralisation, alteration style and grades are analogous to the nearby mines including the operating Karari gold mine owned by Saracen Mineral Holdings Ltd (ASX:SAR).

Four prospects targeted in drilling at Wallbrook

Next phase of drilling to target high-grade mineralisation

Nexus’s managing director Andy Tutor said: “These first pass drill results are extremely encouraging and prove the efficacy of combined geology, geophysics and deep RC drilling in this underexplored region.

“Ongoing exploration work and modelling will focus on refining geophysical and geological interpretation and extending geophysical datasets with an aim of identifying controls and vectors towards high grade mineralisation prior to the next phase of drilling.”

Assays pending from aircore program at Pinnacles

The Pinnacles GT6 prospect is within the Pinnacles Project in the Eastern Goldfields of Western Australia, south of the Wallbrook project.

The GT6 aircore program consisted of 53 holes for 4,156 metres along 7 drill lines 150 metres apart.

Drilling was following up previous results including 12 metres at 3.27 g/t gold.

Multi-element geochemistry results are pending.

View full NXM profile View Profile

Nexus Minerals Ltd Timeline

Related Articles

Thomas Creek porphyry target
February 08 2019
The company is focused on copper, cobalt, gold and nickel prospects on Tasmania's west coast.
March 21 2019
W Resources is about to make a name for itself as a serious European-based supplier of tungsten
gold nuggets
January 22 2019
The company has received encouraging exploration results from across its East Pilbara projects in 2018.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use