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Nexus Minerals Ltd.
Summary
| Project: | Wallbrook | |
|---|---|---|
| Deposit: | Crusader | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2019: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Crusader deposit at the Wallbrook project. Drilling results incl. 35m @ 2.85g/t Au from 25m. Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to advi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Tudor (Internal) | |
| ABSTRACT: | Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to advise it is undertaking a mineral resource estimate on its Crusader Prospect (Fig. 1), to be completed this June quarter. The estimate will be based on resultsreceived from Nexus RC drill programs (4,626m) plus RC drilling from previous companies (4,951m) (Fig. 2 and Fig. 3). The prospect is part of the Company’s 100% owned Wallbrook project in the eastern goldfields of Western Australia. Nexus’ Managing Director, Andy Tudor commented. “The first drill program at Crusader intersected significant mineralisation along the initial 600m strike length tested. Importantly result interpretation has shown a coherent nature to the mineralisation, with good continuity section to section spaced 20m apart. This has led to the decision to undertake a mineral resource estimate covering this area. In addition, Nexus’ drilling to date has only tested 600m of the 5km strike extent of the mineralised corridor and only down to 100m depth. The results from the high-resolution gravity and ground magnetics surveys covering the Crusader and the Templar prospects appear promising and clearly highlight the mineralised corridor. Interpretation currently underway will assist us in focussing targets for the next drill program.” | |
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