Nexus Minerals Ltd (ASX:NXM) has released assays from four diamond drill holes completed at the Crusader – Templar prospect within its Wallbrook gold project in WA.
There were several highlights at Crusader, with deep diamond drilling intersecting mineralisation at over 600 metres vertical depth, which complements shallow mineralisation.
The target area remains open at depth and along strike.
Highlights include:
- 10.45 metres at 1.82g/t gold from 732 metres, including 4 metres at 4.26 g/t from 736 metres;
- 8.25 metres at 1.69 g/t from 293 metres, including 3.75 metres at 3.52 g/t from 298 metres (visible gold sample);
- 5.02 metres at 1.78 g/t from 524.2 metres, including 1.22 metres at 4.97 g/t (visible gold sample)
- 4.06 metres at 1.13g/t from 695 metres, including 0.39 metres at 7.75 g/t; and
- 0.73 metres at 2.64 g/t from 715 metres.
"Multiple zones of gold mineralisation at depth"
“The results continue to support our geological interpretation of this mineralised system, confirming it to be very large in both strike and now depth extent of over 600 metres,” Nexus managing director Andy Tudor said.
“All four deep diamond drill holes intersected multiple zones of gold mineralisation at depth, within the same mineralised, altered and silicified quartz porphyry rock unit intersected in the shallower levels.
"The four holes were drilled at a depth and in locations with no previous drilling activity and successfully ‘tagged’ the Crusader – Templar mineralisation at depths of greater than 600 metres vertically.
“These are incredibly large step-out holes and it is a credit to the Nexus exploration team to have intersected this mineralisation at these depths. The depth extent has only been drill tested to date in a small number of locations, along 1.6 kilometres of strike and remains open at depth.”
Crusader – Templar Prospect Drill Hole Location Plan (Yellow highlighted boxes selected new results / White boxes Nexus drill results).
Program to continue
NXM will continue the deep diamond drilling program to test for mineralised zones at around the 600-metre level, with the aim of “tagging” the mineralisation at this depth along the full extent of the 1.6-kilometre strike.
For now, the strike is being tested with broad spaced, deep diamond drill holes approximately 200 metres apart, with four holes completed to date.
The company is also expecting roughly 25,000 metres of reverse circulation (RC) assay results in April from the Crusader - Templar, Solomon and Branches prospects.
The diamond drill program will also test:
- The 300-metre level to allow for effective RC drill program planning, as the three RC drill rig program continues to advance downwards from the shallower levels; and
- The 100 – 150-metre level to “twin” RC holes to verify the mineralised zones identified in shallower RC drilling.
About Nexus
Nexus is actively exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia and has recently expanded its existing project portfolio with the addition of the Bethanga Porphyry Copper-Gold project in Victoria.
In Western Australia, the consolidation of the highly prospective Wallbrook Gold Project (250 square kilometres) by amalgamating existing Nexus tenements with others will advance these gold exploration efforts.
Nexus Minerals’ tenement package at the Wallbrook Gold Project starts immediately to the north of Northern Star’s multi-million-ounce Carosue Dam mining operations, as well as the current operating Karari and Whirling Dervish underground gold mines.
Nexus has a large land package of highly prospective geological terrane within a major regional structural corridor. The company is actively investing in new exploration techniques to refine the targeting approach for its current and future tenements.