- Broad high-grade assay results from first 10 RC holes.
- All 10 holes return anomalous gold intercepts.
- Geological similarities between Clement and adjacent Crusader–Templar deposit.
- First tranche from 22,000m RC drilling program.
Nexus Minerals (ASX:NXM) has obtained strong initial RC drilling results from the Clement prospect within the Wallbrook gold project in Western Australia. The first 10 holes have returned anomalous gold intercepts in the initial tranche of results from a large definition program currently underway at Wallbrook.
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The first tranche returned broad high-grade gold mineralisation of up to 26.53 grams per tonne, supporting the prospect’s potential to host a maiden resource at the Clement prospect and grow the broader Wallbrook inventory.
Nexus’s managing director, Andy Tudor, said results to date have confirmed the presence of a multi-lode system, with drilling continuing to define its extents within the initially interpreted prospect envelope.
“These strong initial Clement results are an excellent start to our 22,000m resource definition campaign at Wallbrook and validate the disciplined, systematic approach we have applied over the past 18 months,” he said.
“Clement sits immediately adjacent to our established Crusader–Templar resource within a proven, well-endowed gold corridor.
“With the drilling program progressing well and further results to come from Clement, as well as from the Payns, Branches and Crusader–Templar prospects, we continue to build momentum toward the updated multi-prospect mineral resource estimate planned for later this year.
“We look forward to the next tranche of assay results in the weeks ahead.”
The program is focused on three priority prospects — Clement, Payns and Branches — as well as extensional opportunities at the Crusader–Templar deposit.
The prospects have been discovered and advanced through a systematic 18-month exploration effort comprising multiple AC programs and preliminary RC drilling.
Exploration has established multiple coherent priority targets across the project, with these prospects demonstrating the scale, continuity and grade profile required to support resource definition drilling.
NXM is up +7.14%, to 6¢. Mkt cap $33.81M.
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