- Nexus Minerals (NXM) has received first results from its exploration drilling program at the Wallbrook Project in WA
- Two diamond holes were drilled at the Crusader Prospect to test beneath previously intersected high-grade mineralisation
- Results have only been received for one hole with grades peaking at 11.54g/t gold
- The second hole has been completed, and assays are expected shortly
- Nexus is now set to begin an RC drilling program once the rig mobilises to site
- Shares in Nexus are up a slight 1.14 per cent and are trading at 8.9 cents
Nexus Minerals (NXM) has received first results from its exploration drilling program at the Wallbrook Project in WA.
The company recently drilled two diamond holes, for 1045 metres, at the Crusader Prospect to test beneath high-grade mineralisation intersected in its 2020 reverse circulation (RC) drilling program.
Nexus has only received results from the first hole, DDH21-1, which saw a best result of three metres at 11.54g/t gold from 159 metres returned.
Other results from this hole include 2.7 metres at 5.70g/t gold from 53.4 metres and four metres at 2.59g/t gold from 138 metres.
The second hole, DDH21-2, has been completed with assays pending and expected to be received shortly.
This hole was drilled beneath hole DDH21-1 to a depth of 805 metres.
“The diamond drilling has given us a clearer understanding of the mineralisation style and we now eagerly await the results from DDH21-2 that was drilled beneath DDH21-1,” Managing Director Andy Tudor said.
“Previous Crusader prospect RC drilling intersected broad and high-grade gold intercepts showing continuity of mineralisation over greater than 700 metres of strike which remains open in all directions, and importantly at depth,” he added.
Nexus is now set to begin a RC drilling program once the rig mobilises to site.
Shares in Nexus are up a slight 1.14 per cent and are trading at 8.9 cents at 4:00 pm AEST.