Nexus Minerals Reports Branches RC Results Extending Mineralisation
Key points
- Final assay results received for Branches Prospect
- Significant intercepts include 1m at 7.63g/t Au and 3m at 4.25g/t Au
- Mineralised trend remains open to the south
- Updated Wallbrook MRE on track for completion this September quarter
Full summary
Nexus Minerals Ltd has reported the final tranche of assay results from reverse circulation drilling at the Branches Prospect, part of the Wallbrook Gold Project in Western Australia. The drilling program, which completed 37 holes for 3,506 meters, aimed to improve understanding of the mineralised system and support a maiden Mineral Resource Estimate. Significant intercepts include 1m at 7.63g/t Au and 3m at 4.25g/t Au within 13m at 2.00g/t Au from 111m. The strongest result came from the southern end of the prospect, leaving the mineralised trend open to the south. Assay results for three prospects (Clement, Payns, and Branches) totaling 149 holes for 15,667 meters have been reported. Final results from the Crusader-Templar prospect extensional drilling are expected in August. The updated multi-prospect Wallbrook Mineral Resource Estimate, currently constrained to the Crusader-Templar combined MRE of 304koz Au, remains on track for completion in the September quarter.
Guidance
Updated Wallbrook MRE on track for completion in the September quarter
Outlook
The mineralised trend at Branches remains open to the south, indicating potential for future exploration and growth.
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