Nexus Minerals Ltd (ASX:NXM) will focus exploration efforts on its Wallbrook Gold Project in Western Australian during the current March quarter.
During the recent December quarter Nexus undertook ground-based exploration activities at Wallbrook, which it acquired from Saracen Mineral Holdings Ltd (ASX:SAR).
Wallbrook is considered underexplored and highly prospective for the discovery of significant gold mineralisation.
Drilling completed by Nexus in 2018 demonstrated this prospectivity.
READ: Nexus Minerals sets sight on discovering Eastern Goldfields’ next large-scale gold deposit
Notably, within the project’s district 5 million ounces of gold resources are hosted in a similar geological setting to that underlying the Nexus tenement holding.
During the December quarter Nexus also completed the Newmont tenement acquisition, increasing the Wallbrook Project.
READ: Nexus Minerals adds to Wallbrook ground after completing acquisition from Newmont
The work plan for the current March quarter at Wallbrook is as follows:
• Historical data review and database integration of new tenements;
• Geological and structural mapping;
• Analysis of regional geochemistry;
• Geophysical programs including gravity and ground magnetics;
• R&D sampling; and
• Drill testing of priority exploration targets.