Proactive Investors - Run By Investors For Investors

Nexus Minerals identifies gold drill targets at Wallbrook Project

Pre-drilling exploration has identified target areas at the Paint and Crusader prospects.
project location on map
Wallbrook is considered underexplored and highly prospective for gold

Nexus Minerals Ltd (ASX:NXM) has completed geological mapping of the Paint and Crusader prospects within its Wallbrook Gold Project in the Eastern Goldfields of Western Australia.

The mapping combining with other exploration data has allowed the company to identify high-priority drill targets.

A reverse circulation (RC) drill program is planned for late February 2019.

READ: Nexus Minerals outlines busy work program at Wallbrook

The Paint prospect is considered to be prospective for Karari-style mineralisation.

The prospect shows numerous similarities to the Karari deposit owned by Saracen Mineral Holdings Ltd (ASX:SAR).

Exploration at Paint to date, which includes multiple surveys, has resulted in the identification of a priority drill target area.

Crusader has open pit gold potential

The Crusader prospect is considered to be prospective for steeply dipping sheeted mineralisation associated with sub-vertical vein sets, amenable to open pit mining.

Nexus’ RC drill program will concentrate on mineralisation from surface to a vertical depth of around 100 metres.

Similar to paint, previous exploration has been used to identify a priority drill target area.

Recently acquired Templar prospect planned exploration

The recently acquired Templar prospect will be subject to ground exploration activities in the current March quarter.

Historical data review and database integration of the complete 250 square kilometre Wallbrook tenement package has commenced and will be ongoing in 2019.

View full NXM profile View Profile

Nexus Minerals Ltd Timeline

Related Articles

January 31 2019
A maiden JORC resource is expected by June after the company drilled a 18.2-metre wide intersection grading 40.3% zinc.
Unloading concentrate at Wyndham port shed
January 15 2019
Ramp-up to full underground production is on schedule and concentrate is being trucked to the Wyndham port.
March 13 2019
The company also has three porphyry related projects in British Columbia in Canada

© 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