Nexus Minerals has completed assay reporting for 33 reverse circulation drill holes at its Clement Prospect, delivering strong high-grade gold results and confirming the system remains open at depth. The findings underpin plans for a maiden Mineral Resource Estimate within the broader Wallbrook project update targeted for September.
- 33 drill holes completed for 6,121m at Clement Prospect
- High-grade gold intercepts include 4m at 6.36g/t Au from 204m
- Stacked lode geometry confirmed with mineralisation open at depth
- Clement adjacent to Crusader-Templar’s 304koz resource corridor
- Maiden Mineral Resource Estimate expected in September quarter
Depth Extensions Reinforce Clement’s Growth Potential
Nexus Minerals Limited (ASX:NXM) has wrapped up assay results from its latest drilling tranche at the Clement Prospect within the Wallbrook Gold Project, confirming broad, high-grade gold mineralisation extending beyond previously tested depths. The company reported strong intercepts including 4 metres at 6.36 grams per tonne (g/t) gold within a broader 13-metre zone averaging 2.62g/t from 204 metres downhole, highlighting the system remains open at depth and promising further resource expansion.
These depth extensions were achieved by re-entering and deepening four drill holes, such as NMWBRC26-830 and NMWBRC26-827, which returned additional mineralised intervals beneath their original endpoints. The discovery of stacked subvertical lodes, confirmed by hole NMWBRC26-865, further underscores the prospect’s complex geometry and potential for lateral and vertical growth.
Clement Positioned Within a Continuous Gold Corridor
The Clement Prospect lies immediately adjacent to the Crusader-Templar Deposit, which currently hosts a combined Mineral Resource Estimate (MRE) of 304,000 ounces at 1.7g/t Au over 5.7 million tonnes. Geological and structural analysis indicates both prospects share a common mineralising event and host architecture, forming a contiguous mineralised system within a well-endowed gold corridor. This continuity bodes well for future resource integration and optimisation.
The drilling program at Clement has targeted validating the stacked lode geometry over a strike length of 650 metres, with assay results now received for all 33 drill holes totaling 6,121 metres. These results will feed into a maiden Mineral Resource Estimate for Clement, which is expected to be incorporated into an updated multi-prospect Wallbrook MRE scheduled for completion in the September quarter.
Broader Drilling Campaign Advances Resource Definition
The Clement results form part of a larger ~22,000-metre reverse circulation (RC) drilling campaign across four key prospects at Wallbrook, including Payns, Branches, and Crusader-Templar. Drilling at Payns and Branches has completed, with the rig now focused on extensional targets at Crusader-Templar. Assay results from these areas are anticipated in the coming weeks, supporting ongoing resource growth efforts.
Nexus is employing Chrysos PhotonAssay technology for gold analysis, considered superior for detecting coarse gold and delivering reliable results. The program's systematic approach and quality controls aim to establish sufficient drill spacing and geological continuity to underpin robust resource estimates.
Geological Insights and Exploration Outlook
The gold mineralisation at Clement is hosted in an andesitic volcanic and volcaniclastic sequence intruded by porphyry dykes, with mineralisation associated with quartz, pyrite, and hematite alteration. The stacked lode system exhibits both south-plunging shoots and subvertical north-northwest trending lodes, with gold grades correlating positively with pyrite content and quartz vein density.
Managing Director Andy Tudor highlighted the encouraging continuity and proximity of Clement mineralisation to Crusader-Templar, noting the potential for synergies in future pit optimisations. The company is engaging independent experts to deliver the updated Wallbrook MRE, reinforcing the prospect’s role in advancing the project’s development.
Bottom Line?
Clement’s confirmed depth extensions and stacked lodes set the stage for a maiden resource estimate, but investors should watch for upcoming assay results from adjacent prospects and the final Wallbrook update in September.
Questions in the middle?
- Will the maiden Mineral Resource Estimate at Clement significantly increase Wallbrook’s overall resource base?
- How might the geological continuity between Clement and Crusader-Templar influence future mine planning and development?
- What insights will forthcoming assay results from Payns, Branches, and Crusader-Templar provide on the broader project’s growth potential?