NEXUS MINERALS LIMITED ASX ANNOUNCEMENT
21 April 2022
Extensive Near Surface and Deep High-Grade Gold Mineralisation Links Crusader-Templar
Crusader-Templar Prospect Highlights
ASX: NXM Capital Structure
Shares on Issue 288 million Options 20 million
Corporate Directory
Mr Paul Boyatzis Non-Executive Chairman
Mr Andy Tudor Managing Director
Dr Mark Elliott Non-Executive DirectorMr Bruce Maluish Non-Executive DirectorMr Phillip Macleod Company Secretary
Company Projects
Wallbrook Gold Project
Bethanga Copper-Gold Project
Pinnacles Gold Project
Pinnacles JV Gold Project (with Northern Star Limited ASX:NST)
Mt Celia Gold Project
➢ Drilling at Crusader-Templar intersects broad high-grademineralisation in both shallow and deep drill holes
➢ Link zone results connects Crusader with Templar forming a continuous 1.6km mineralised corridor
➢ Assay results from 43 RC holes for 10,003m received
➢ 41 RC drill holes intersect gold mineralisation exhibiting strike and depth continuity
➢
Notable results (listed by depth) from RC drilling include:
➢ 5m @ 4.09g/t Au (within 43m @ 1.20g/t Au from 20m);
➢ 7m @ 3.40g/t Au (within 20m @ 1.27g/t Au from 28m);
➢ 3m @ 4.91g/t Au (within20m @ 1.43g/t Au from 43m);
➢ 3m @ 10.53g/t Au (within 15m @ 2.28g/t Au from 68m);
➢ 5m @ 3.55g/t Au (within 16m @ 1.48g/t Au from 70m);
➢ 5m @ 3.49g/t Au (within 19m @ 1.18g/t Au from 82m);
➢ 9m @ 5.48g/t Au (within 41m @ 1.99g/t Au from 92m);
➢ 11m @ 3.24g/t Au (within 30m @ 1.76g/t Au from 97m);
➢ 7m @ 2.20g/t Au (within 32m @ 1.33g/t Au from 114m);
➢ 3m @ 3.90g/t Au (within 5m @ 2.92g/t Au from 187m);
➢ 4m @ 16.14g/t Au (within 9m @ 7.32g/t Au from 203m);
➢ 7m @ 4.13g/t Au (within 12m @ 2.90g/t Au from 245m);
➢ 4m @ 3.12g/t Au (within 9m @ 1.57g/t Au from 261m).
Regional Exploration Highlights
➢ Initial RC drill programs completed at Solomon and Branches prospects - results are pending
➢
Regional gravity survey now ~50% completed
Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce further high-grade gold assay results from drilling completed at the Crusader - Templar Prospect, within the Company's Wallbrook gold project in WA.
________________________________________________
Nexus Minerals Limited (ASX: NXM)
ABN: 96 122 074 006
41-47 Colin Street, West Perth, Western Australia 6005
PO Box 2803, West Perth WA 6872
T:+61 8 9481 1749 F: +61 8 9481 1756 W:www.nexus-minerals.com
Page 1 of 13
The gold mineralisation tenor and widths observed in these recent holes complement and enhance the results seen in previous drilling at Crusader-Templar, with broad high-grade mineralisation being intersected in these latest drill results:
• Near surface to <100m oxide levels as seen in:
o Hole#256: 5m @ 4.09/t Au within 43m @ 1.20 g/t Au from 20m; and
o Hole#360: 7m @ 3.40g/t Au within 20m @ 1.27g/t Au from 28m.
• Transition levels at ~100 meters as seen in:
o Hole#263: 9m @ 5.48g/t Au and 2m @ 4.55g/t Au within 41m @ 1.99g/t Au from 92m; and
o Hole#257: 11m @ 3.24g/t Au within 30m @ 1.76g/t Au from 97m.
• Deeper primary levels beyond 200m depth as seen in:
o Hole#372: 4m @ 16.14g/t Au within 9m @ 7.32g/t Au from 203m meters; and
o Hole#393: 7m @ 4.13g/t Au within 12m @ 2.90g/t Au from 245m.
The results from this first program of drill holes into the link zone are very encouraging, intersecting broad and consistent mineralisation. To have intersected the mineralisation as modelled positions Nexus to undertake further infill and extensional drilling to define and extend this evolving 1.6km mineralised corridor.
Nexus Managing Director Andy Tudor commented "The drill results continue to impress, with broad high-grade zones of mineralisation being returned. The positive link zone drill results allow us to confidently confirm the joining of the Crusader and Templar prospects into a single 1.6km mineralised corridor. With the 5 drill rigs continuing to operate on site as planned, we are now well into the 6,000m diamond drill program and the follow-up 40,000m RC program at Crusader-Templar. The strength of these results continues to build our confidence in the potential for the Crusader-Templar Prospect to evolve into a very large mineralised system."
Hole IDEasting NorthingmRLAzimuthDipNMWBRC21-252 433391 6697222
NMWBRC21-256 433396 6697260
374 374
90 90
-60 -60
NMWBRC21-257 433370 6697259
NMWBRC21-260 433218 6697257
NMWBRC21-263 433270 6697698
374 373 371
90 90 90
-60 -60 -60
NMWBRC22-344 433324 6697060 374.589
90
-60
NMWBRC22-345 433281 6697059 374.421
90
-60
NMWBRC22-349 433277 6697304 372.801
NMWBRC22-360 433231 6697502 371.675
90 90
-60 -60
NMWBRC22-362 433288 6696983 374.819
90
-60
NMWBRC22-372 433301 6697575 372.072
90
-60
NMWBRC22-393 433211 6697381 372.046
90
-60
NMWBRC22-399 433277 6697621 371.682
90
-60
Table 1: Crusader - Templar Prospect RC Drill Holes Selected Significant Intercepts
EOH (m) From(m) |
150 |
102 |
174 |
300 |
246 |
inc |
inc |
inc |
inc |
and |
204 |
To (m) | Interval (m) | g/t Au | Sample Type | ||
82 | 101 | 19 | 1.18 | 1 metre cone split | |
inc | 82 | 87 | 5 | 3.49 | 1 metre cone split |
20 | 63 | 43 | 1.20 | 1 metre cone split | |
inc | 21 | 26 | 5 | 4.09 | 1 metre cone split |
and | 43 | 63 | 20 | 1.43 | 1 metre cone split |
inc | 55 | 58 | 3 | 4.91 | 1 metre cone split |
97 | 127 | 30 | 1.76 | 1 metre cone split | |
103 | 114 | 11 | 3.24 | 1 metre cone split | |
261 | 270 | 9 | 1.57 | 1 metre cone split | |
261 | 265 | 4 | 3.12 | 1 metre cone split | |
68 | 83 | 15 | 2.28 | 1 metre cone split | |
72 | 75 | 3 | 10.53 | 1 metre cone split | |
92 | 133 | 41 | 1.99 | 1 metre cone split | |
112 | 114 | 2 | 4.55 | 1 metre cone split | |
119 | 128 | 9 | 5.48 | 1 metre cone split | |
70 | 86 | 16 | 1.48 | 1 metre cone split | |
70 | 75 | 5 | 3.55 | 1 metre cone split | |
187 | 192 | 5 | 2.92 | 1 metre cone split | |
188 | 191 | 3 | 3.90 | 1 metre cone split | |
28 | 47 | 19 | 0.87 | 1 metre cone split | |
33 | 40 | 7 | 2.04 | 1 metre cone split | |
28 | 48 | 20 | 1.27 | 1 metre cone split | |
41 | 48 | 7 | 3.40 | 1 metre cone split | |
60 | 93 | 33 | 0.50 | 1 metre cone split | |
80 | 90 | 10 | 1.16 | 1 metre cone split | |
203 | 212 | 9 | 7.32 | 1 metre cone split | |
205 | 209 | 4 | 16.14 | 1 metre cone split | |
240 | 268 | 28 | 1.37 | 1 metre cone split | |
245 | 257 | 12 | 2.90 | 1 metre cone split | |
245 | 252 | 7 | 4.13 | 1 metre cone split | |
114 | 146 | 32 | 1.33 | 1 metre cone split | |
117 | 124 | 7 | 2.20 | 1 metre cone split | |
Page 2 of 13 |
inc
276 inc
252 264
inc
156 inc
306 inc
300 inc inc
330 inc
Figure 1: Crusader - Templar Prospect Drill Hole Location Plan
(Yellow highlighted boxes selected new results / White boxes Nexus drill results)
personal use only
Figure 2: Crusader-Templar Prospect All Drill Holes Long Section
Looking West 1.6km Strike Extent
All existing RC and diamond drill strings with results colour coded for downhole gold values.
Figure 3: Nexus Wallbrook Project Tenure and Prospects
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Nexus Minerals Limited published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 22:34:05 UTC.
