Nexus Minerals on a roll with further high-grade gold at Crusader

Nexus Minerals Ltd has received further broad and high-grade assay results from its Crusader Prospect within the Wallbrook Gold Project in the Eastern Goldfields of Western Australia. The company’s latest reverse circulation (RC) program has intersected 14 metres at 8.8g/t gold, including 3 metres at 21.59g/t. Other significant results include: 8 metres at 3.51g/t gold; and 18 metres at 1.08g/t. The 2021 RC and diamond drill program at Crusader is testing for depth and strike extensions to the mineralisation intersected from diamond drilling in 2021 and RC drilling in 2020. “Excellent continuity of mineralisation” Nexus managing director Andy Tudor said: “These high grade results from the Crusader Prospect have again shown excellent continuity of mineralisation with broad, high-grade gold intersected. “With highly encouraging results from the first 11 holes in this drilling campaign, we are eagerly awaiting the results from the further 8 holes drilled (including diamond tails) in the current exploration program at Crusader. “Additionally, the diamond drilling currently underway at Templar is delivering some very interesting core, increasing our confidence in the Crusader / Templar 1.6km+ corridor with every drillhole”. Testing for further strike extensions Gold mineralisation at the Crusader Prospect is closely associated with a quartz-goethite supergene stockwork in the oxide regolith profile, the stockwork intensity correlates closely with higher gold grades. The holes drilled were to test the zone from 150 metres to 300 metres below surface, and below known mineralisation, with every one of the 11 RC drill holes completed in this program intersecting mineralisation. High-grade mineralisation occurs within a series of steeply dipping structures defined by quartz sulphide veining of a potassic altered quartz porphyry unit within a volcaniclastic host rock. Future drill programs at Crusader will test for depth extensions to the mineralisation, as well as testing for further strike extensions to the Crusader / Templar mineralised corridor that currently extends over 1.6 kilometres of strike, constrained only by the extent of drilling completed by Nexus to date. Templar prospect Nexus’ 6000 metre RC drill program is well underway at the Templar prospect, which is now 80% complete. The style of mineralisation and alteration being observed at Templar is the same as that identified at Crusader, being a series of steeply dipping structures defined by quartz sulphide veining of a potassic altered quartz porphyry unit within a volcaniclastic host rock. Samples were submitted for analysis on completion of each drill hole, however, no results have yet been received from the current Templar drill program. Nexus has also commenced a 2,300-metre metre diamond drilling program testing the Crusader, Templar and Paint prospects. EIS Funding Nexus has been awarded co-funding for three deep diamond drill holes as part of the Western Australian government’s Exploration Incentive Scheme (EIS). The funding will be provided for Nexus to drill three diamond drill holes across the Crusader(800 metres), Templar(700 metres) and Paint (350 metres) prospects during the second half of 2021. - Ephrems Joseph