Nexus Minerals (ASX:NXM) - Managing Director, Andy Tudor
Managing Director, Andy Tudor
Source: LinkedIn
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  • Nexus Minerals (NXM) hits high-grade assays of up to 4.6 grams per tonne gold following drilling at the Crusader-Templar Prospect, within the Wallbrook gold project in WA
  • The drilling was part of a 30,000-metre reverse circulation program, with 9775 metres completed to date
  • All 28 drill holes intersected mineralisation which the company says builds its confidence in the continuity of the high-grade gold mineralisation
  • A 40,000-metre reverse circulation and 6000 metre diamond program is being planned to start once the current program is complete, with five drill rigs booked in for January
  • Nexus Minerals last traded at 51 cents on December 20

Nexus Minerals (NXM) has hit high-grade assays following drilling at the Crusader-Templar Prospect within its Wallbrook gold project in Western Australia.

The drilling was completed as part of a 30,000-metre reverse circulation program, with 9775 metres completed to date.

All 28 drill holes intersected mineralisation, which reportedly exhibited strong continuity across 1.6 kilometres of strike.

Best results included 29 metres at 4.60 grams per tonne (g/t) gold, within 71 metres at 2.06g/t gold from 25 metres.

Nexus Managing Director, Andy Tudor, said the broad, high-grade gold results continue to impress and build its confidence in the continuity of the high-grade gold mineralisation at Crusader-Templar.

“The results from DDH#4, which appears to have been drilled down a cross-cutting post-mineralisation structure, continues to increase our understanding of the gold distribution in this very large system,” Mr Tudor said.

A 40,000-metre reverse circulation and the 6000-metre diamond program has been planned to start once the current program is complete.

Three reverse circulation drill rigs and two diamond drill rigs have been booked to start drilling in January.

Nexus Minerals last traded at 51 cents on December 20.

NXM by the numbers
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