Is Nexus Minerals Unlocking New Gold Discoveries at Wallbrook?

February 11, 2025 11:06 AM AEDT | By Team Kalkine Media

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Is Nexus Minerals Unlocking New Gold Discoveries at Wallbrook? — Image source: shutterstock

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Highlights

Nexus Minerals Ltd launches an 11,000-metre aircore drilling program at the Wallbrook Gold Project in Western Australia.

The program aims to expand existing targets and explore new prospects within a highly mineralized corridor.

Assay results are anticipated following the completion of the drilling by March 2025.

The gold exploration sector in Western Australia continues to draw attention with Nexus Minerals Ltd’s (ASX:NXM) commencement of an extensive 11,000-metre regional aircore drilling program. Located 140 kilometres northeast of Kalgoorlie, the Wallbrook Gold Project remains a significant focal point for the company, especially following a recent gold discovery at the Payns prospect.

Advancing Key Gold Targets

The latest drilling campaign by Nexus Minerals seeks to expand the MC2.1 target and investigate a new prospect, MC5.3. These targets sit along the same mineralized corridor as Northern Star's Porphyry and Million Dollar Gold Mines, demonstrating the potential for further resource development in this highly prospective area.

Nexus Minerals has maintained a methodical approach to exploration, concentrating efforts on targets with strong geological indicators. The Wallbrook Gold Project's location in the Eastern Goldfields region positions it near notable gold operations, enhancing its appeal as a promising exploration site.

Systematic Exploration for Resource Growth

Nexus has emphasized a systematic exploration strategy aimed at efficiently building the resource base of the Wallbrook Project. The inclusion of the newly identified MC5.3 target underlines the project's robust potential. This corridor, home to both open-pit and underground gold mines, offers a fertile ground for material discoveries.

The current drilling program marks an important milestone in Nexus Minerals’ exploration activities, reflecting the company’s commitment to assessing underexplored areas and leveraging advanced exploration techniques.

Timeline and Anticipated Outcomes

The aircore drilling program is expected to conclude by March 2025, with assay results anticipated shortly thereafter. This timeline highlights the company’s proactive approach to generating results and advancing its projects.

The Wallbrook Gold Project remains a key asset for Nexus Minerals, with each drilling program bringing the potential to unlock new gold resources in one of Australia’s most prolific mining regions.

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