Nexus Minerals Limited (ASX: NXM) has unveiled further significant broad high-grade gold assay results from reverse circulation (RC) 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 targeted programme have again yielded great results,” Managing Director, Andy Tudor, said.
“The few holes that were planned to test the deeper transition and fresh rock mineralisation have also yielded strong results. This batch of assay results represents the last results from our recently completed 70,000m RC drill program along the 1.6km strike at the Crusader-Templar prospect.
“The company will update the drilling database and commence initial resource modelling work, which will be integral in planning the next significant drill program being planned to commence in October.”
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.
With all assays now received from recent RC drilling at the Crusader-Templar Prospect, a mineralised system of over 1.6km strike length has clearly emerged, comprised of multiple parallel lodes across a zone some 300 metres wide.
The system remains open to the north and high-grade shoots remain open at depth. This is particularly significant given the Crusader-Templar Prospect falls on the southern end of an under-explored and highly prospective corridor which incorporates the Solomon and Branches Prospects located up to three km along strike to the north.
These recent Crusader-Templar RC drill results have again confirmed ongoing grade continuity through the corridor, whilst also offering extensions to previously mapped mineralised porphyry units. Gold mineralisation displays a clear association with a porphyry intrusive swarm, mapped consistently throughout the currently defined 1.6km strike extent.
Company geologists are now focused on interpretation of all recently acquired data in conjunction with industry leading consultants Snowden-Optiro.
Data will be reviewed for inclusion in a Mineral Resource Estimate and pit design optimisation studies, whilst also designing future drill programmes to further build scale of this very large gold system. Strong drill results from Crusader-Templar are now complimented by positive results received from flora and fauna surveys. This is in addition to existing project credentials including gold recoveries of 98% in both the oxide and fresh rock (see ASX release 25/01/2022), granted mining tenure, and a strategic location between Northern Star’s operating Porphyry mining centre and Carosue Dam mining operation which hosts a 3.2 million tonne per annum gold processing plant.
