⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked sharesUnlock shares

Nexus Minerals grows gold footprint to near surface at Wallbrook’s Branches prospect with RC drilling

Published 05/07/2023, 09:48 am
Updated 05/07/2023, 10:00 am
© Reuters.  Nexus Minerals grows gold footprint to near surface at Wallbrook’s Branches prospect with RC drilling
XAU/USD
-
GC
-

Nexus Minerals Ltd (ASX:NXM) has grown the mineralised gold footprint at the Branches prospect of the Wallbrook Gold Project with a round of infill and extensional reverse circulation (RC) drilling, further adding to the project’s gold camp potential.

Overall, the company drilled almost 5,000 metres over 56 RC holes at the MC4.1 and Branches prospect, with almost 2,500 metres and 30 holes targeted specifically at Branches.

“The Branches prospect RC drill program has delivered a strong set of initial 4-metre composite results, expanding the lateral footprint of oxide mineralisation and demonstrating the extension of mineralisation to near surface,” Nexus Minerals managing director Andy Tudor said.

“The results are illustrative of the ongoing opportunity at the Wallbrook Gold Project to build a significant gold camp and near-surface ounce portfolio.

“We look forward to receiving the balance of the 4-metre composite results for MC4.1 in the coming weeks.”

Branches assay results

Results are given in 4-metre composites only, with 1-metre splits to follow once further testing can be done. Results include:

  • 4 metres at 6.79 g/t gold within 12 metres at 3.21 g/t from 24 metres, within a broader interval of 44 metres at 1.10 g/t;
  • 4 metres at 5.30 g/t and 8 metres at 2.59 g/t within 40 metres at 1.71 g/t from 16 metres;
  • 4 metres at 5.17 g/t within 40 metres at 1.06 g/t from 64 metres;
  • 4 metres at 2.26 g/t and 8 metres at 1.71 g/t within 28 metres at 0.94 g/t from 24 metres;
  • 8 metres at 1.95 g/t within 12 metres at 1.41 g/t from 60 metres;
  • 4 metres at 2.27 g/t within 8 metres at 1.19 g/t from surface;
  • 4 metres at 1.53 g/t and 4 metres at 1.43 g/t within 32 metres at 0.84 g/t from 24 metres; and
  • 12 metres at 1.31 g/t within 20 metres at 0.90 g/t from 28 metres.
Nexus said these results demonstrated the prospectivity of the Mineralised Corridor 1 (MC1) which hosts the Branches prospect and the opportunity it represented to increase NXM’s portfolio of shallow oxide ounces.

All in all, the company sees a potential gold camp emerging at Wallbrook, which Nexus intends to prove up with further systemic regional exploration.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.