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Nexus Minerals outlines busy work program at Wallbrook

Wallbrook's March quarter work program involves mapping, surveys and drill testing.
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At the end of the December quarter, the company had $3.18 million cash and equivalents

Nexus Minerals Ltd (ASX:NXM) will focus exploration efforts on its Wallbrook Gold Project in Western Australian during the current March quarter.

During the recent December quarter Nexus undertook ground-based exploration activities at Wallbrook, which it acquired from Saracen Mineral Holdings Ltd (ASX:SAR).

Wallbrook is considered underexplored and highly prospective for the discovery of significant gold mineralisation.

Drilling completed by Nexus in 2018 demonstrated this prospectivity.

READ: Nexus Minerals sets sight on discovering Eastern Goldfields’ next large-scale gold deposit

Notably, within the project’s district 5 million ounces of gold resources are hosted in a similar geological setting to that underlying the Nexus tenement holding.

During the December quarter Nexus also completed the Newmont tenement acquisition, increasing the Wallbrook Project.

READ: Nexus Minerals adds to Wallbrook ground after completing acquisition from Newmont

The work plan for the current March quarter at Wallbrook is as follows:

• Historical data review and database integration of new tenements;
• Geological and structural mapping;
• Analysis of regional geochemistry;
• Geophysical programs including gravity and ground magnetics;
• R&D sampling; and
• Drill testing of priority exploration targets.

View full NXM profile View Profile

Nexus Minerals Ltd Timeline

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