Nexus Minerals Ltd (ASX:NXM) has completed drill programs at both its Wallbrook Gold Project and Pinnacles GT6 prospect in Western Australia.
The 18-hole, 3,922-metre reverse circulation (RC) drill program at Wallbrook intersected gold in all holes including 4 metres at 12.86 g/t gold.
Significantly, the mineralisation, alteration style and grades are analogous to the nearby mines including the operating Karari gold mine owned by Saracen Mineral Holdings Ltd (ASX:SAR).
Four prospects targeted in drilling at Wallbrook
Next phase of drilling to target high-grade mineralisation
Nexus’s managing director Andy Tutor said: “These first pass drill results are extremely encouraging and prove the efficacy of combined geology, geophysics and deep RC drilling in this underexplored region.
“Ongoing exploration work and modelling will focus on refining geophysical and geological interpretation and extending geophysical datasets with an aim of identifying controls and vectors towards high grade mineralisation prior to the next phase of drilling.”
Assays pending from aircore program at Pinnacles
The Pinnacles GT6 prospect is within the Pinnacles Project in the Eastern Goldfields of Western Australia, south of the Wallbrook project.
The GT6 aircore program consisted of 53 holes for 4,156 metres along 7 drill lines 150 metres apart.
Drilling was following up previous results including 12 metres at 3.27 g/t gold.
Multi-element geochemistry results are pending.