Triumph Gold Project

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The Triumph Gold Project is located 145km northeast of Kalgoorlie and comprises 128km2 of Nexus tenements (consisting held and under application tenements).

Figure 1. Triumph Project location, Western Australia

Historic Workings

There has been very limited exploration undertaken on the tenements since the turn of the century, and only in the search for shallow oxide gold potential during the late 1980’s / early 1990’s. The limited amount of drilling that has taken place has yielded significant gold results, with a large number of holes intersecting old mining voids/backfill. There are only 5 holes drilled deeper than 80m, with the deepest being 160m. A number of historic mine workings, and results from limited auger soil sampling and some broad spaced shallow RAB drilling on the northern area of the Project has also confirmed the strike extension of the mineralised structure. The Triumph Project tenements provide a semi-continuous strike length of historic gold mine workings and shafts over a mineralised structure of 16km.

Figure 2. Triumph Project location Eastern Goldfields

Current Status

The total project area covers ~128km2. To date, the Company has undertaken multiple IP ground geophysical programs, which identified a central high strain zone. When layered with geology, structural interpretation and ground magnetics, the structural controls on mineralisation are better understood. Nexus completed an RC drill program totalling 4,034m to test four high priority areas, with high grade mineralisation intersected at Triumph and Glengarry prospects.

An IP ground geophysical program was undertaken during 2016, to cover the most prospective areas identified in previous IP ground geophysical and drill programs. The Gradient Array IP program was designed to measure multiple dipole receiver separations – at line spacings of 200m and receiver spacings of 25m, 50m and 100m. The 25m and 50m separation providing more specific shallow anomaly targeting information with the 100m most effective for first pass survey work to characterise the regional setting. The data has been processed and interpreted and has successfully highlighted and constrained the north west striking chlorite schist alteration package known to host gold mineralisation. The data also identified anomalous zones where later north-north west to south-south east oriented structures intersect the primary north west striking rock package. Further ground work will be undertaken to determine the significance of these features.