- Nexus Minerals (NXM) intersects broad and high-grade gold at the Crusader prospect within its Wallbrook gold project in the eastern goldfields of WA
- The company has received results from the recent drilling program, which is testing for depth extensions to the mineralisation
- Hole 5 has intersected visible gold in a 30 metre zone of intense alteration, which is the same alteration as the nearby Northern Stars’ (NST) multi-million ounce Karari Gold Mine
- The 30,000-metre reverse circulation drilling program is currently underway at the prospect
- On the market this morning, Nexus is up 4.35 per cent and is trading at 48 cents per share
Nexus Minerals (NXM) has intersected broad and high-grade gold at the
Crusader prospect within its Wallbrook gold project in the eastern goldfields of WA.
The company has received results from the recent drilling program, which is testing for depth extensions to the mineralisation.
One of the holes, DDH#5, intersected visible gold in a 30 metre zone of intense alteration, which is the same alteration as the nearby Northern Stars’ (NST) multi-million ounce Karari Gold Mine.
While the deeper diamond drill holes, DD#2, DDH#4 and DDH#5, have all intersected and “tagged” the mineralised structure at depth.
“The broad high-grade gold results continue to impress and build our confidence in the continuity of the high-grade gold mineralisation at Crusader,” Managing Director Andy Tudor said.
“The visible gold seen in DDH#5 is very encouraging as it represents the first time we have logged visible gold in drilling at CrusaderTemplar. The fact that the visible gold is logged in the middle of some 30 metres of intense alteration makes it even more significant.”
The 30,000-metre reverse circulation drilling program is currently underway at the prospect.
On the market this morning, Nexus was up 4.35 per cent and is trading at 48 cents per share at 10:57 am AEDT.