Nexus Minerals Limited (ASX: NXM) has obtained further significant broad high-grade gold assay results from drilling completed at the Crusader – Templar Prospect, within the company’s Wallbrook Gold Project in the eastern goldfields of Western Australia.
“The results received from this shallow oxide mineralisation targeted program have again yielded some great results,” Managing Director Andy Tudor said.
“More assay results are yet to be received from our recently completed 70,000m RC drill programme along the 1.6km strike at the Crusader-Templar prospect.
“Company geologists and our consultants are well advanced in their geological interpretation of the drilling carried out to date and this work, in conjunction with assay results received and an updated database, will be integral to initial resource modelling work commencing this quarter.”
Nexus drill campaigns have concentrated on a mineralised corridor 1.6km in length and some 300m wide, with the drilling being undertaken on Nexus’ 100% owned granted mining tenements.
The highly prospective tenure is situated between Northern Star Ltd’s operating Porphyry mining centre and its multi-million ounce Carosue Dam mining operation – where Northern Star’s 3.2 million tonne per annum gold processing plant is located.
The Crusader-Templar drilling has successfully shown the mineralisation to be continuous along the full extent of the 1.6km mineralised corridor tested to date, with multiple sub-vertical sheeted mineralised porphyry units being mapped effectively. The strong continuity of mineralisation associated with these sub-vertical porphyry units allows for effective drill targeting of the mineralised zones.
This latest set of results are predominantly from the northern end of the Crusader-Templar prospect where the drill program focussed on more detailed pattern drilling of the oxide component of the mineralisation down to ~100m.
This targeted shallow drilling was designed to provide the detail required for inclusion in a mineral resource estimate and pit design optimisation studies, to be undertaken on any potential shallow oxide resource.
Crusader-Templar drilling intersects near surface broad high-grade gold including: 20m @ 2.83g/t Au (within 55m @ 1.47g/t Au from 17m); 9m @ 5.02g/t Au (within 36m @ 1.65/t Au from 84m); 5m @ 6.38g/t Au (within 9m @ 3.85g/t Au from 78m); 13m @ 2.46g/t Au and 5m @ 4.75g/t Au (within 19m @ 1.82g/t Au from 71m)
For further information please visit: https://www.nexus-minerals.com/
