Nexus Minerals Limited (ASX: NXM) has received high-grade results from final Reverse Circulation (RC) drilling at the Branches and MC4.1 prospects at the company’s Wallbrook Project located 140km northeast of Kalgoorlie in Western Australia.
Both prospect targets have returned outstanding results. The results promote Wallbrook Project as an emerging Gold Camp, with significant opportunity to build scale through systematic regional exploration.
These recent results at Branches prospect continue to build on previous success, increasing confidence in both the Branches mineralisation and the broader exploration potential of Mineralised Corridor MC1, much of which remains unexplored,” Managing Director, Andy Tudor, said.
“The MC4.1 prospect has surpassed expectations and delivered strong mineralised grades and widths, an exciting achievement for the exploration team. These results demonstrate an effective exploration targeting methodology and the significant opportunity for further discovery at the Wallbrook Gold Project – which continues to demonstrate significant gold camp potential.
“The exploration team continues to review results whilst progressing the Crusader-Templar mine studies.”
Branches prospect
The Branches RC drill programme consisted of 30 drill holes for 2,463 metres. The program successful infilled key areas of shallow oxide mineralisation and confirmed mineralisation extensions to surface (1m at 6.02g/t Au within 7m at 0.95g/t Au from surface). Several drill holes returned outstanding intercepts above 50 metres vertical depth including 4m at 6.37g/t Au and 7m at 4.34g/t Au (within 36m at 2.40g/t Au from 18 m), and 4m at 3.40g/t Au and 7m at 2.71g/t Au (within 30m at 1.31g/t Au from 25m). The latest results are illustrative of the potential at Branches, with the prospect footprint extending over 1.1km and with further opportunity to add scale close to surface.
MC4.1 Prospect
The MC4.1 prospect RC drill programme consisted of 26 drill holes for 2,512 metres and represents the first RC drill program at the prospect. The programme was broad in nature over some 800 metres of strike within a 1.7km anomaly identified in a previously completed aircore (AC) drill campaign.
Results show mineralisation extending across the full extent of the tested 800 metres of strike, with notable intercepts including 23m at 2.52g/t Au including 8m at 5.41g/t Au (within 34m at 1.73g/t Au from 5m) and 6m at 4.28g/t Au (within 11m at 2.6g/t Au from 76m).
Mineralisation remains open in all directions, with the prospect currently subject to interpretation and review by the exploration team.
