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Nexus Minerals logo
  • Home
  • Projects
    • Wallbrook Gold Project
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    • Jamieson NSW Minerals Project
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By admin71 / 13 March 2025

Nexus Minerals Interim Financial Report 31 December 2024 24 Target MC1.5 Target MC1.5 is situated south of the Wallbrook Gold Mine on the western contact of a large monzonite intrusive and a sequence of intermediate volcanic and volcaniclastic units. A total of 90 drill holes for 2,191 metres were completed as part of a first pass regional AC drill program (ASX: NXM 11/11/2024). Drilling intercepted fresh rock at an average depth of 23 metres downhole, with the weathering profile becoming significantly shallower to the south. The Wallbrook Monzonite intrudes on the eastern edge of the drill tested lines, while intermediate volcanic/volcaniclastic rocks dominate toward the west, with occasional shallow hematised porphyry intrusions. Mineralisation in this area is associated with quartz-goethite veining, with the highest grades correlating to areas with a higher percentage of quartz-goethite and hematite alteration. Results indicate the western contact of the Wallbrook Monzonite is fertile, with elevated gold results along the southern extent of the area assessed. The highest grade intercept of 4m at 10.95 g/t Au (from 20m) within 15m @ 3.65 g/t Au (from 16m) is associated with a northwest-southeast fault in close proximity to the intrusive and orientated at an oblique angle to the drill lines. Based on the visual assessment of the hole, Nexus geologists attempted to follow up on the intercept as part of the drill program but the AC drill capacity to get to the desired depths were restricted by the shallow depth of weathering. The strong grade and width of the intercept, in addition to the continuity of the mapped fertile structure, results in MC1.5 being a strong target to follow up with future RC drilling. Photo 6. NMWBAC24-791: 4m @ 10.95 g/t Au (from 20m) within 15m @ 3.65 g/t Au (from 16m)

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