ASX ANNOUNCEMENT | 21 December 2021 |
Crusader-Templar Drilling Results include 29m @ 4.60g/t Au
For personal use only
ASX: NXM
Capital Structure
Shares on Issue 288 million Options 20 million
Corporate Directory
Mr Paul Boyatzis Non-Executive Chairman
Mr Andy Tudor
Managing Director
Dr Mark Elliott Non-Executive Director
Mr Bruce Maluish Non-Executive Director
Mr Phillip Macleod
Company Secretary
Company Projects
Wallbrook Gold Project
Bethanga Copper-Gold Project
Pinnacles Gold Project
Pinnacles JV Gold Project
(with Northern Star Limited
ASX:NST)
Mt Celia Gold Project
Highlights
- Drilling at Crusader-Templar intersects broad high-grade gold
- All 28 reverse circulation drill holes (RC) intersect mineralisation
- Mineralisation exhibits good continuity across 1.6km strike
- Diamond hole DDH#4 - no significant intercepts - drilled down a post mineralisation structure
- 9,775m of the current 30,000m RC drill program completed - awaiting assays
- 3 RC drill rigs and 2 diamond drill rigs booked for January start
- 50-personexploration camp to be established at Wallbrook in early January to cater for significant increase in exploration activity in 2022
Crusader - Templar Prospect Drill Results Highlights
- Assay results from RC drilling include:
- 29m @ 4.60g/t Au (within 71m @ 2.06g/t Au from 25m);
- 13m @ 5.17g/t Au (within 25m @ 2.95g/t Au from 109m);
- 10m @ 4.45g/t Au (from 74m);
- 16m @ 2.31g/t Au (within 68m @ 0.98g/t Au from 28m);
- 5m @ 4.93g/t Au (within 8m @ 3.31g/t Au from 115m);
- 3m @ 5.77g/t Au (within 8m @ 2.52g/t Au from 235m);
- 6m @ 2.87g/t Au (within 26m @ 1.19g/t Au from 55m);
- 4m @ 4.61g/t Au (within 12m @ 1.72g/t Au from 132m);
- 4m @ 3.18g/t Au (within 12m @ 1.24g/t Au from 148m);
- 8m @ 3.35g/t Au (within 52m @ 0.63g/t Au from 84m); and
- 4m @ 4.24g/t Au (within 24m @ 0.89g/t Au from 80m).
Nexus Minerals Limited (ASX: NXM) (Nexus or the Company) is pleased to announce high-gradeassay results from recent drilling at the Crusader
- Templar Prospect, within the Company's Wallbrook gold project in WA.
Nexus Managing Director Andy Tudor commented "The broad high-gradegold results continue to impress and build our confidence in the continuity of the high-gradegold mineralisation at Crusader-Templar.The results from DDH#4, which appears to have been drilled down a cross-cutting post-mineralisationstructure, continues to increase our understanding of the gold distribution in this very large system."
________________________________________________
Nexus Minerals Limited (ASX: NXM)
ABN: 96 122 074 006
41-47 Colin Street, West Perth, Western Australia 6005
PO Box 2803, West Perth WA 6872
T:+61 8 9481 1749 F: +61 8 9481 1756 W: www.nexus-minerals.com
Page 1 of 10
For personal use only
The location plan in Figure 1 and the long section in Figure 2 show the 1.6km strike extent of the Crusader- Templar Prospects. Figure 2 shows the limited amount of drilling undertaken to date and the opportunity that exists both within the known strike distance and also at depth. As more drilling is completed as part of the current 30,000m RC program (9,775m completed to date), the density of drilling will increase and internal characterisitcs to the mineralisation including internal plunge geometry to the mineralisation will mature. Nexus has planned a follow-up 40,000m RC and 6,000m diamond program to commence following completion of the current 30,000m RC program.
The gold mineralisation tenor and widths observed to date are consistent with broad mineralisation in the shallower levels <100m (Hole#195 29m @ 4.60g/t Au within 71m @ 2.06 g/t Au from 25m and Hole #218 16m
- 2.31g/t Au within 68m @ 0.98g/t Au from 28m), giving way to the broad high-grade intersections at depths of >100 meters (Hole#198 13m @ 5.17g/t Au, within 25m @ 2.95g/t Au from 109m and Hole#201 5m @ 4.93g/t Au, within 8m @ 3.31g/t Au from 115m).
The alteration observed in diamond hole #4 that did not correspond to mineralisation, is believed to be a function of a very late-stage cross cutting oblique structure. Whilst the drillhole represents only a point in space, and a very small component of the total strike length, this late-stage structure has provided a conduit for increased fluid flow / silica flooding but in doing so has re-mobilised the gold. This feature is also observed at the multi-million ounce Karari Gold Mine (Northern Star) 30km to the south.
Hole ID | Easting | Northing | mRL | Azimuth | Dip | EOH (m) | From(m) | To (m) | Interval (m) | g/t Au | Sample Type |
NMWBDD21-003 | 433260 | 6697675 | 369 | 90 | -60 | 306.81 | 90.1 | 98.32 | 8.22 | 3.53 | Half HQ core |
inc. | 90.55 | 91.35 | 0.8 | 13.15 | Half HQ core | ||||||
and | 96.36 | 98.32 | 1.96 | 9.3 | Half HQ core | ||||||
NMWBRC21-195 | 433294 | 6697704 | 371 | 90 | -60 | 138 | 25 | 96 | 71 | 2.06 | 1 metre cone split |
inc. | 40 | 69 | 29 | 4.60 | 1 metre cone split | ||||||
NMWBRC21-198 | 433459 | 6696430 | 376 | 0 | -90 | 162 | 74 | 84 | 10 | 4.45 | 1 metre cone split |
109 | 134 | 25 | 2.95 | 1 metre cone split | |||||||
inc. | 120 | 133 | 13 | 5.17 | 1 metre cone split | ||||||
NMWBRC21-199 | 433297 | 6697679 | 371 | 90 | -60 | 210 | 55 | 81 | 26 | 1.19 | 1 metre cone split |
inc. | 62 | 68 | 6 | 2.87 | 1 metre cone split | ||||||
inc. | 78 | 81 | 3 | 2.95 | 1 metre cone split | ||||||
NMWBRC21-201 | 433254 | 6697626 | 371 | 90 | -60 | 300 | 115 | 123 | 8 | 3.31 | 1 metre cone split |
inc. | 115 | 120 | 5 | 4.93 | 1 metre cone split | ||||||
235 | 243 | 8 | 2.52 | 1 metre cone split | |||||||
inc. | 236 | 239 | 3 | 5.77 | 1 metre cone split | ||||||
NMWBRC21-202 | 433293 | 6697577 | 372 | 90 | -60 | 204 | 96 | 101 | 5 | 1.18 | 1 metre cone split |
inc. | 97 | 98 | 1 | 2.48 | 1 metre cone split | ||||||
NMWBRC21-203 | 433249 | 6697576 | 372 | 90 | -60 | 286 | 186 | 192 | 6 | 2.10 | 1 metre cone split |
inc. | 186 | 187 | 1 | 8.48 | 1 metre cone split | ||||||
206 | 210 | 4 | 1.32 | 1 metre cone split | |||||||
inc. | 207 | 208 | 1 | 3.74 | 1 metre cone split | ||||||
NMWBRC21-216 | 433447 | 6696420 | 376 | 90 | -60 | 110 | 24 | 64 | 40 | 0.81 | 4m composite |
inc. | 32 | 56 | 24 | 1.08 | 4m composite | ||||||
80 | 104 | 24 | 0.89 | 4m composite | |||||||
inc. | 80 | 84 | 4 | 4.25 | 4m composite | ||||||
NMWBRC21-218 | 433427 | 6696457 | 375 | 90 | -60 | 120 | 28 | 96 | 68 | 0.96 | 4m composite |
inc. | 32 | 48 | 16 | 2.31 | 4m composite | ||||||
and | 68 | 72 | 4 | 3.32 | 4m composite | ||||||
NMWBRC21-220 | 433259 | 6696917 | 371 | 90 | -60 | 240 | 32 | 56 | 24 | 0.85 | 4m composite |
inc. | 36 | 40 | 4 | 2.84 | 4m composite | ||||||
NMWBRC21-225 | 433262 | 6696877 | 372 | 90 | -60 | 240 | 172 | 180 | 8 | 1.02 | 4m composite |
inc. | 172 | 176 | 4 | 1.92 | 4m composite | ||||||
NMWBRC21-226 | 433260 | 6696797 | 372 | 90 | -60 | 250 | 84 | 136 | 52 | 0.63 | 4m composite |
inc. | 112 | 120 | 8 | 3.35 | 4m composite | ||||||
NMWBRC21-228 | 433282 | 6696679 | 373 | 90 | -60 | 250 | 104 | 136 | 32 | 0.79 | 4m composite |
inc. | 124 | 132 | 8 | 2.17 | 4m composite | ||||||
NMWBRC21-230 | 433309 | 6696615 | 373 | 90 | -60 | 234 | 132 | 144 | 12 | 1.72 | 4m composite |
inc. | 136 | 140 | 4 | 4.61 | 4m composite | ||||||
NMWBRC21-231 | 433308 | 6696580 | 374 | 90 | -60 | 264 | 172 | 188 | 16 | 0.86 | 4m composite |
inc. | 172 | 176 | 4 | 2.48 | 4m composite | ||||||
NMWBRC21-232 | 433306 | 6696560 | 374 | 90 | -60 | 240 | 176 | 200 | 24 | 0.46 | 4m composite |
inc. | 188 | 192 | 4 | 1.77 | 4m composite | ||||||
NMWBRC21-233 | 433329 | 6696596 | 373 | 90 | -60 | 216 | 148 | 160 | 12 | 1.24 | 4m composite |
inc. | 148 | 152 | 4 | 3.18 | 4m composite | ||||||
NMWBRC21-238 | 433302 | 6696736 | 372 | 90 | -60 | 186 | 160 | 172 | 12 | 1.27 | 4m composite |
inc. | 160 | 168 | 8 | 1.74 | 4m composite | ||||||
NMWBRC21-240 | 433224 | 6697374 | 369 | 90 | -60 | 348 | 136 | 144 | 8 | 1.27 | 4m composite |
NMWBRC21-241 | 433355 | 6696538 | 374 | 90 | -60 | 186 | 124 | 128 | 4 | 1.04 | 4m composite |
Table 1: Crusader - Templar Prospect Diamond and RC Drill Holes Selected Significant Intercepts
Page 2 of 10
For personal use only
Figure 1: Crusader Prospect Drill Hole Location Plan
(Yellow highlighted boxes new results / White boxes Nexus drill results)
Page 3 of 10
r personal use only
Figure 2: Crusader-Templar Prospect All Drill Holes Long Section
Looking West 1.6km Strike Extent
All existing RC and diamond drill strings with results colour coded for downhole gold values.
Page 4 of 10
For personal use only
Appendix 1
Hole ID | Easting | Northing | mRL | Azimuth | Dip | EOH (m) | From(m) | To (m) | Interval (m) | g/t Au | Sample Type |
NMWBDD21-003 | 433260 | 6697675 | 369 | 90 | -60 | 306.81 | 90.1 | 98.32 | 8.22 | 3.53 | Half HQ core |
inc. | 90.55 | 91.35 | 0.8 | 13.15 | Half HQ core | ||||||
and | 96.36 | 98.32 | 1.96 | 9.3 | Half HQ core | ||||||
104 | 107.3 | 3.3 | 0.37 | Half HQ core | |||||||
123.72 | 142.1 | 18.38 | 2.40 | Half HQ core | |||||||
inc. | 134.42 | 139.03 | 4.61 | 5.78 | Half HQ core | ||||||
145.96 | 150.12 | 4.16 | 0.17 | Half HQ core | |||||||
155 | 156.36 | 1.36 | 1.14 | Half HQ core | |||||||
163.79 | 165.16 | 1.37 | 0.30 | Half HQ core | |||||||
170.39 | 179 | 8.61 | 0.67 | Half HQ core | |||||||
194.18 | 195.07 | 0.89 | 0.10 | Half HQ core | |||||||
232.6 | 233.55 | 0.95 | 0.12 | Half HQ core | |||||||
236.12 | 236.93 | 0.81 | 0.14 | Half HQ core | |||||||
NMWBDD21-004 | 433088 | 6697676 | 368 | 90 | -60 | 702.47 | 102.03 | 103.02 | 0.99 | 2.59 | Half NQ core |
inc. | 102.03 | 102.61 | 0.58 | 4.27 | Half NQ core | ||||||
127.00 | 128.00 | 1.00 | 0.31 | Half NQ core | |||||||
165.00 | 166.00 | 1.00 | 1.00 | Half NQ core | |||||||
273.00 | 274.00 | 1.00 | 0.10 | Half NQ core | |||||||
358.56 | 365.10 | 6.54 | 0.33 | Half NQ core | |||||||
inc. | 364.75 | 365.10 | 0.35 | 2.27 | Half NQ core | ||||||
417.20 | 421.00 | 3.80 | 1.39 | Half NQ core | |||||||
444.70 | 445.35 | 0.65 | 0.20 | Half NQ core | |||||||
458.60 | 464.65 | 6.05 | 0.26 | Half NQ core | |||||||
inc. | 463.10 | 463.75 | 0.65 | 1.21 | Half NQ core | ||||||
529.00 | 702.47 | 173.47 | ASSAYS PENDING | ||||||||
NMWBRC21-195 | 433294 | 6697704 | 371 | 90 | -60 | 138 | 25 | 96 | 71 | 2.06 | 1 metre cone split |
inc. | 40 | 69 | 29 | 4.60 | 1 metre cone split | ||||||
inc. | 40 | 42 | 2 | 32.6 | 1 metre cone split | ||||||
NMWBRC21-196 | 433251 | 6697700 | 371 | 90 | -60 | 252 | 1 | 2 | 1 | 0.81 | 1 metre cone split |
6 | 7 | 1 | 0.29 | 1 metre cone split | |||||||
17 | 18 | 1 | 0.41 | 1 metre cone split | |||||||
71 | 73 | 2 | 1.23 | 1 metre cone split | |||||||
90 | 96 | 6 | 6.21 | 1 metre cone split | |||||||
inc. | 90 | 94 | 4 | 9.24 | 1 metre cone split | ||||||
109 | 110 | 1 | 0.45 | 1 metre cone split | |||||||
113 | 116 | 3 | 0.11 | 1 metre cone split | |||||||
132 | 155 | 23 | 2.85 | 1 metre cone split | |||||||
inc. | 133 | 143 | 10 | 5.64 | 1 metre cone split | ||||||
186 | 190 | 4 | 1.50 | 1 metre cone split | |||||||
inc. | 187 | 188 | 1 | 4.98 | 1 metre cone split | ||||||
198 | 201 | 3 | 0.34 | 1 metre cone split | |||||||
210 | 214 | 4 | 1.21 | 1 metre cone split | |||||||
217 | 218 | 1 | 0.12 | 1 metre cone split | |||||||
220 | 222 | 2 | 11.02 | 1 metre cone split | |||||||
238 | 239 | 1 | 0.29 | 1 metre cone split | |||||||
NMWBRC21-198 | 433459 | 6696430 | 376 | 0 | -90 | 162 | 22 | 57 | 35 | 0.52 | 1 metre cone split |
65 | 66 | 1 | 0.30 | 1 metre cone split | |||||||
NMWBRC21-198 | 433459 | 6696430 | 376 | 0 | -90 | 162 | 74 | 84 | 10 | 4.45 | 1 metre cone split |
inc. | 77 | 82 | 5 | 7.31 | 1 metre cone split | ||||||
inc. | 80 | 81 | 1 | 25.77 | 1 metre cone split | ||||||
109 | 134 | 25 | 2.95 | 1 metre cone split | |||||||
inc. | 120 | 133 | 13 | 5.17 | 1 metre cone split | ||||||
inc. | 120 | 122 | 1 | 38.66 | 1 metre cone split | ||||||
NMWBRC21-199 | 433297 | 6697679 | 371 | 90 | -60 | 210 | 23 | 24 | 1 | 0.98 | 1 metre cone split |
45 | 50 | 5 | 0.60 | 1 metre cone split | |||||||
55 | 81 | 26 | 1.19 | 1 metre cone split | |||||||
inc. | 62 | 68 | 6 | 2.87 | 1 metre cone split | ||||||
inc. | 78 | 81 | 3 | 2.95 | 1 metre cone split | ||||||
166 | 181 | 15 | 0.38 | 1 metre cone split | |||||||
inc. | 179 | 180 | 1 | 2.76 | 1 metre cone split | ||||||
208 | 210 (EOH) | 2 | 0.12 | 1 metre cone split | |||||||
NMWBRC21-200 | 433296 | 6697626 | 371 | 90 | -60 | 156 | 35 | 38 | 3 | 0.31 | 1 metre cone split |
50 | 51 | 1 | 0.14 | 1 metre cone split | |||||||
77 | 92 | 15 | 0.77 | 1 metre cone split | |||||||
79 | 82 | 3 | 2.32 | 1 metre cone split |
Table 2: Crusader - Templar Prospect Diamond Drilling and RC Drill Holes All Intercepts >0.1g/t Au
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Nexus Minerals Limited published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 21:39:10 UTC.