Nexus Minerals (ASX: NXM) has reported high-grade gold intercepts from its recently completed a 91 hole, 4,375m aircore drill programme on its 100% owned Wallbrook project in the eastern goldfields of Western Australia.
The aircore programme successfully intersected high grade gold mineralisation in the Crusader – Templar corridor.
Results included 3m at 8.37g/t Au (eoh) including 1m @ 24.43g/t Au (eoh), 18m @ 1.40g/t Au including 4m @ 6.46g/t Au, 26m @ 1.02g/t Au including 4m @ 5.03g/t Au, 8m @ 1.72g/t Au including 3m @ 3.27g/t Au (eoh) and 4m @ 2.23g/t Au.
Nexus Managing Director Andy Tudor said the company had also begun mine studies at the Crusader mineral resource area, currently containing 85,000 ounces gold, with the aim of determining the potential for a stage 1 starter pit, and subsequent staged open cut pit development options.
In addition, the company is undertaking ground-based exploration activities including a high-resolution ground magnetics survey, geological mapping and sampling, continues across the larger Wallbrook Gold Project tenement package.
The Wallbrook project covers some 250 sq. km of prospective geological terrain considered highly prospective for the discovery of significant gold mineralisation.
Mr Tudor said the aim of this first pass aircore drill programme was to drill six broad spaced lines, up to 1km apart, across the mineralised corridor, where no previous drilling has been undertaken, in an attempt to delineate a mineralised envelope within the broader mineralised corridor.
This 4,375m aircore drill programme has effectively tested and confirmed the continuation of the mineralised envelope hosting the Crusader style mineralisation, for a further 3km to the north of the Nexus’ Crusader resource,” Mr Tudor said.
“Further aircore drilling is now required to infill the line spacing to ~100m, allowing further delineation of the mineralised envelope, with RC drilling to follow up on the best of the aircore results.”