New Discovery Has Mineralisation Style Similar To Crusader Prospect
Nexus Minerals Limited (ASX: NXM) has obtained high-grade assay results from 13 reverse circulation (RC) holes drilled at the Templar Prospect, within the company’s Wallbrook gold project in the eastern goldfields of Western Australia.
Managing Director, Andy Tudor, said these broad high grade results received from Templar occur in the same altered and mineralised rocks we see at the Crusader prospect, 1.2km to the south.
“This has effectively linked the two prospects together into one large mineralised system. Nexus is the first company to drill the Templar prospect and we are very proud of the work our exploration team has contributed leading to this discovery.”
The Nexus 2021 RC and diamond drill programs at Templar were designed to follow up mineralisation intersected in previous shallow aircore drill campaigns undertaken by Nexus.
Gold mineralisation at the Templar Prospect is the same as that observed at the Crusader Prospect (1.2km to the south) – being a quartz-goethite supergene stockwork in the oxide regolith profile.
The stockwork intensity correlates closely with higher gold grades. In the fresh rock, high-grade mineralisation occurs within a series of steeply dipping structures defined by quartz sulphide veining of a potassic altered quartz porphyry unit within a volcaniclastic host rock.
The holes drilled tested the zone from surface to a depth of 300m, with every one of the thirteen RC drill holes completed in this program intersecting mineralisation.
The gold mineralisation tenor and widths observed to date mirror that of the Crusader Prospect, with broad lower grade mineralisation in the shallower levels 100m (10m @ 5.64g/t Au, within 23m @ 2.85g/t Au from 132m).
Future drill programmes at Templar will test for depth extensions to the mineralisation, as well as testing for further strike extensions to the Crusader / Templar mineralised corridor that currently extends over 1.6km of strike, constrained only by the extent of drilling completed by Nexus to date.
For further information please visit: https://www.nexus-minerals.com/