Nexus Minerals Ltd (ASX:NXM) continues to advance the Wallbrook Gold Project in the north-eastern Goldfields region of Western Australia, following the recent Payns and Godfreys discoveries.
Recent aircore drill success at Payns and Godfrey prospects highlight the potential for project scaling as the company focuses on building the project’s gold resource inventory.
Follow-up aircore drill program planning is now complete, with a program of works (POW) submitted and the aircore drill rig is booked for February, as the regional exploration strategy to discover and build additional shallow gold ounces continues.
Seven of the 18 high-priority regional targets have been first-pass drill tested to date, with six of those returning highly anomalous gold results
Scaling the project
“We are excited to further advance the broader Wallbrook Project with the recent Payns and Godfreys discoveries,” Nexus managing director Andy Tudor said.
“These, along with a number of other high-priority targets, will be assessed and offer considerable opportunity to scale the project.
“As part of our regional exploration strategy, we are excited for the aircore drill rig to mobilise early in the new year.
"This will see ongoing follow-up and assessment of the 18 high-priority regional targets. We will then rank the targets for follow-up RC drilling.”
Nexus Wallbrook Gold Project.
Crusader-Templar deposit
Additionally, Nexus has further de-risked the Crusader-Templar gold deposit by finalising key technical study components.
Engagement with potential operational and toll treatment partners continues with multiple options being considered.
“Positive engagement with potential operational and toll treatment partners continues in regards to the Crusader-Templar gold deposit, with multiple options being considered.”
Nexus has continued to de-risk the Crusader-Templar deposit through finalisation of key technical study components. These studies further support the opportunity for a simple open pit operation.
Discussions with potential operational and toll treatment partners have progressed since the initial scoping study for Crusader-Templar in June and will continue to be assessed.
The company says that it continues to assess “a number of opportunities” to realise value from the existing resource inventory, which will continue as part of normal business operations.