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Nexus Minerals Ltd.
Summary
| Project: | Wallbrook | |
|---|---|---|
| Deposit: | Crusader, Templar | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2019: Nexus Minerals Ltd. announces an Exploration/Drilling Update report for its Crusader, Templar deposit at the Wallbrook project. Drilling results incl. 26m @ 1.02g/t Au from 44m. Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is please | |
| Resources: | (Resource): 85,000oz au contained at Crusader | |
| CP/QP: | [Overall Report]: Andy Tudor (Internal) | |
| ABSTRACT: | Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to advise that it has completed a 91 hole / 4,375m aircore drill program, on its 100% owned Wallbrook project in the eastern goldfields of Western Australia. The drilling was undertaken on high priority drill targets, within the Crusader and Templar Prospects. Nexus has also commenced 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 (refer announcement 8 July 2019). In addition, 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 250km2 of prospective geological terrain considered highly prospective for the discovery of significant gold mineralisation. The aim of this first pass aircore drill program 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 program 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. | |
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