Nexus Minerals Ltd

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.

Quick facts: Nexus Minerals Ltd

Price: $0.05

Market: ASX
Market Cap: $5.44 m

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Nexus Minerals intersects consistent high-grade gold in broad zones at Wallbrook

Nexus Minerals Ltd (ASX:NXM) managing director Andy Tudor updates Proactive Investors on the gold explorer's completed drilling program at its Wallbrook Gold Project in WA.   The reverse circulation program went for nearly 7,000 metres and focused on two high-priority drill...

on 3/4/19

2 min read