Nexus Minerals welcomes “outstanding” RC results at Wallbrook
Melbourne, Victoria
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August 28, 2023 03:00 PM Eastern Daylight Time
Nexus Minerals Ltd (ASX:NXM) MD Andy Tudor tells Proactive the company is poised to advance its Wallbrook Gold Project in Western Australia after receiving the final “outstanding” results for a reverse circulation (RC) drill program at the Branches and MC4.1 prospects, including 1 metre at 16.35 g/t gold. He says the project, 140 kilometres northeast of Kalgoorlie, is an emerging gold camp, with significant opportunity to build scale through systematic regional exploration. The Branches drill program consisting of 30 drill holes for 2,463 metres returned strong gold grades and widths, infilling key areas of shallow oxide mineralisation and extending the footprint to more than 1.1 kilometres. Meanwhile, the company completed 26 drill holes for 2,512 metres at MC4.1 in the first RC drill program carried out at the prospect.
“MC4.1 Prospect has surpassed expectations and delivered strong mineralised grades and widths, an exciting achievement for the exploration team.
“These results demonstrate an effective exploration targeting methodology and the significant opportunity for further discovery at the Wallbrook Gold Project - which continues to demonstrate significant gold camp potential.
“The exploration team continues to review results whilst progressing the Crusader-Templar mine studies,” Tudor said.
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Proactive Investors
Jonathan Jackson
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