High-Grade Gold Over 400m At Prospect
Nexus Minerals Limited’s (ASX: NXM) first pass shallow drilling at the Branches Prospect at its Wallbrook Project has confirmed a broad mineralised zone with high grades extending over 400m and open in all directions
Managing Director, Andy Tudor, said the company has received significant high-grade assay results from the 35 RC holes (2,739m) drilled at the Branches Prospect, within the company’s Wallbrook gold project in the eastern goldfields of Western Australia.
“These first pass results from the Branches Prospect have intersected broad and high-grade gold intercepts showing continuity of mineralisation over greater than 400m strike which remains open in all directions.
“These exceptional results have outlined an extensive mineralised system centred on the mineralised porphyry unit.
“It is very encouraging that after a couple of years of ground based geological exploration activities, we are able to drill test our theories and receive such strong drill results.
“Further RC and diamond drilling will be planned to follow up on the results received in this programme.”
The recently completed drill program at Branches has delineated a mineralised corridor extending over 400m of strike which remains open in all directions. The mineralisation is associated with a highly sheared and altered quartz porphyry unit that has intruded into the broader volcaniclastic unit. The high-grade gold grades coincide with intense zones of albite-hematite-pyrite-quartz alteration, within and adjacent to the contact of the quartz porphyry unit.
Every RC drill hole intersected mineralisation, with the prospect now open in all directions and at depth. The deepest hole drilled was 125m, and this was also the most northerly hole drilled. There is an increase is both mineralised widths and gold grade tenor to the north of the area drill tested including:
- Hole 133 – 25m @ 2.86g/t Au (from 43m), Incl. 8m @ 7.59g/t Au incl.1m @ 47.45g/t Au;
- Hole 140 – 13m @1.64g/t Au (from 35m), Incl. 1m @ 9.35g/t Au and 2m @ 4.02g/t Au incl. 1m @ 5.15g/t Au;
- Hole 141 – 14m @ 1.26g/t Au (from 106m), Incl. 3m @ 2.81, incl. 1m @ 5.29g/t Au and 2m @ 2.88g/t Au.
