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Gold results glitter for Nexus

Tuesday, May 17th, 2022

Nexus Minerals has announced significant high-grade gold assay results from drilling completed at its Crusader-Templar Prospect, within the company’s Wallbrook gold project in Western Australia.

Nexus managing director Andy Tudor said the increased drill density was aiding in the interpretation of the large mineralised system.

“There is a clear southerly plunge component comprising the multiple parallel high-grade gold shoots,” he said.

“These are now being targeted in the near-surface to 300m depth RC program.

“To have received multiple bonanza gold grades in both near surface drilling and at a depth of over 250m vertically from these results, reflects the large scale and high-grade nature of this evolving gold system.”

Nexus is undertaking a significant drill campaign at Wallbrook, 140 kilometres northeast of Kalgoorlie.

Three RC drill rigs and two diamond drill rigs are currently operating to evaluate the gold prospectivity across Nexus’ extensive tenement package.

Drilling is currently concentrating on a mineralised corridor 1.6 kilometres in length and about 300 metres wide, with the drilling being undertaken on granted mining tenements.

The highly prospective tenure is situated between Northern Star’s operating Porphyry mining centre and its multi-million ounce Carosue Dam mining operation – where Northern Star’s 3.2 million tonne per annum gold processing plant is located.

Drilling at the most northern end of the Crusader-Templar prospect has been focussed on the detailed 20mx20m pattern drilling of the oxide component of the mineralisation down to about 100 metres.

This targeted shallow drilling has been designed to allow the detail required for inclusion in a mineral resource estimate and pit design optimisation studies, to be undertaken on any potential shallow oxide resource.

Previous metallurgical test work on this oxide material returned positive results with gold recoveries of 98 per cent being achieved.

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