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Nexus Minerals Ltd

Nexus Minerals commences new drilling at Crusader and Templar

Drilling follows the release of an 85,000-ounce gold resource grading 1.22 g/t at Crusader in July 2019.

Nexus Minerals Ltd - Nexus Minerals commences new drilling at Crusader and Templar
Drilling will help Nexus better understand the resource growth potential

Nexus Minerals Ltd (ASX:NXM) has commenced a 4,000-metre aircore drilling program at its Crusader and Templar prospects within the Wallbrook Project, WA.

Notably, drilling at Crusader will be following up previous results which included 27 metres at 3.18 g/t gold from 61 metres, 35 metres at 2.85 g/t gold from 25 metres and 29 metres at 2.85 g/t gold from 30 metres.

The Crusader resource represents only a small section of the 5+ kilometre long mineralised corridor.

Gold seems to associated with stockwork

The mineralisation intersected in prior drill programs is closely associated with a quartz-goethite supergene stockwork in the oxide regolith profile.

Nexus has noted that the stockwork intensity correlates closely with higher gold grades.

The completed gravity survey and high-resolution ground magnetic survey has been used to design the drill hole locations.

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Price: $0.05

Market: ASX
Market Cap: $5.68 m
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Full interview: Nexus Minerals begins aircore drilling prospects within WA...

Nexus Minerals (ASX:NXM) managing director Andy Tudor updates Proactive Investors on the start of an aircore drilling program on the Crusader and Templar prospects within its Wallbrook Gold Project in WA. Ground-based exploration activities will also be continued, including geological mapping...

2 weeks, 4 days ago

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