- Nexus Minerals (NXM) extends mineralisation at the Crusader-Templar prospect within its Wallbrook gold project in Western Australia
- The company drilled four deep diamond holes that intersected mineralisation over 600m vertical depth
- Nexus says all four holes encountered multiple zones of gold mineralisation at depth
- The company will continue with the deep diamond drilling program, which will test for mineralised zones at around the 600m level
- NXM shares last traded at 43.5 cents
Nexus Minerals (NXM) drilling has extended mineralisation at the Crusader-Templar prospect within its Wallbrook gold project about 100 kilometres north-north-east of Kalgoorlie in WA to more than 600 metres.
The company said the deep diamond drilling intersected mineralisation at over 600m vertical depth, with all four holes piercing multiple zones of gold mineralisation at depth.
Significant assay results from the drilling program include 4m grading 4.26 grams per tonne gold from 736m and 3.75m at 3.52 g/t from 298m.
“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 600m vertically,” Nexus Managing Director Andy Tudor said.
“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 1.6km of strike and remains open at depth.”
Nexus said it would continue with the deep diamond drilling program, testing for mineralised zones at about the 600m level, with the aim of “tagging” the mineralisation at this depth along the full extent of the 1.6km strike.
The strike length has to date been tested with four holes about 200m apart.
NXM shares last traded at 43.5 cents on April 8.