Nexus Minerals (ASX:NXM) is set to expand its drilling campaigns at the Wallbrook Gold Project in Western Australia, following promising gold assays from recent aircore drilling. The results from the MC1.4 target indicate an anomalous trend extending 1km south of the Branches prospect, potentially doubling the mineralized system to 2.1km. Managing Director Andy Tudor expressed enthusiasm about the findings, highlighting the potential for significant growth at the Wallbrook Gold Project.
The company will conduct further field studies on the MC4.3 target to assess multiple anomalous features, incorporating bottom-of-hole multi-element data. However, the MC5.4 target has been discounted from further exploration due to limited anomalous intercepts. A 4,000m reverse circulation drilling program is currently underway at the Payns prospect, aiming to build on previous aircore results. This represents the first reverse circulation campaign across recent aircore discoveries.
The Wallbrook Gold Project encompasses 192km2 of tenements acquired from Newmont and Saracen Minerals in 2018. Nexus Minerals, with a market capitalization of $50.7 million, holds a portfolio of gold and copper projects across Western Australia, New South Wales, and Victoria. Tudor emphasized that the current results represent regional aircore success for the project.
