USD $4,127.96
Goldman Final Wallbrook assays identify a new Crusader lode and tighten the link with Clement ahead of a resource update.
Nexus Minerals Limited (ASX:NXM) has reported the final assays from its reverse-circulation drilling program at the Wallbrook Gold Project in Western Australia, including a new high-grade mineralised structure immediately east of the main Crusader domain.
The final tranche comprised 25 holes for 4,508 metres, completing a wider program of 196 holes for 21,985 metres. The company said the results also helped define the orientation of higher-grade zones at the nearby Clement prospect.
Selected results included:
- 3m at 18.75g/t gold within 13m at 4.52g/t gold from 124m
- 3m at 8.09g/t gold, including 1m at 15.44g/t gold, within 10m at 2.73g/t gold from 194m
- 6m at 8.24g/t gold, including 3m at 13.70g/t gold, within 21m at 2.53g/t gold from 93m
- 3m at 6.82g/t gold, including 1m at 10.17g/t gold, within 17m at 1.64g/t gold from 54m
- 5m at 3.56g/t gold, including 1m at 8.51g/t gold, within 20m at 1.26g/t gold from 95m
Nexus said Clement will now be reported as part of the Crusader–Templar deposit, with Clement mineralisation to be incorporated into the expanded mineral resource estimate due by the end of the September quarter. Reported intervals are downhole lengths and true widths are not known.
Nexus Minerals managing director Andy Tudor:
This final tranche of results closes out an incredibly successful drilling program at Wallbrook. Our Crusader drill holes have confirmed a new, high-grade mineralised structure immediately east of the main Crusader domain. Importantly, this structure sits between our Crusader–Templar Deposit and the Clement Prospect, closing the gap between them. The Clement follow-up drill holes have also returned strong grades, helping resolve the orientation of the higher-grade zones ahead of the mineral resource update.
Together, these results confirm a larger, interconnected mineralised system. On the strength of this continuity, the Clement Prospect will report as part of the Crusader–Templar Deposit going forward, with Clement mineralisation to be incorporated within an expanded Crusader–Templar Mineral Resource in the upcoming update. As our understanding of this well-endowed corridor continues to mature, the identified link between Crusader and Clement is an example of the opportunity that underpins our confidence in the longer-term growth of the project.
