en.Wedoany.com Reported - Nexus Minerals (ASX:NXM) has intersected high-grade gold mineralization at the Payns prospect in the Wallbrook mining area, located approximately 130 km northeast of Kalgoorlie, Western Australia. Multiple drill holes returned mineralization, with the highest grade being 2 meters at 19 g/t gold. The mineralization remains open along strike and at depth, with potential for resource expansion through follow-up drilling.
Drilling results from the Payns prospect include: hole NMWBRC26-849 intersected 13 meters at 3.35 g/t gold from 30 meters depth, including 2 meters at 19 g/t gold from 37 meters depth; hole NMWBRC26-857 intersected 9 meters at 1.52 g/t gold from 48 meters depth, including 1 meter at 10.82 g/t gold from 49 meters depth; hole NMWBRC26-855 intersected 10 meters at 1.48 g/t gold from 64 meters depth, including 5 meters at 2.49 g/t gold from 68 meters depth.
These results follow the initial 10-hole drilling program at the Clement prospect. The highest grade at Clement was hole NMWBRC26-825, which intersected 1 meter at 26.53 g/t gold from 88 meters depth, within a broader interval of 19 meters at 2.51 g/t gold from 76 meters depth. All 10 holes returned anomalous gold mineralization, with drilling revealing a stacked "multi-lobed" geometry similar to the adjacent Crusader–Templar deposit at Wallbrook, potentially indicating a continuous mineralized system.
A total of 4,106 meters of drilling has been completed as part of a 22,000-meter reverse circulation drilling program. Payns is a large-scale near-surface mineralized system located approximately 4 km northwest of Crusader-Templar and about 500 meters west of Branches, with a mineralized footprint of 900 meters by 750 meters. It is adjacent along strike to the south to Northern Star Resources' (ASX:NST) Porphyry and Million Dollar gold deposits. The current reverse circulation drilling aims to fill gaps between existing intercepts and air-core defined zones, and to test the main near-surface sub-horizontal veins and deeper structurally controlled mineralization, in order to establish sufficient drill density for an initial resource estimate.
Wallbrook Managing Director Andy Tudor stated that the strong results from Payns and Clement demonstrate the company's growth momentum. Payns exhibits a continuous near-surface system with higher-grade components of strong mineralization, which remains open laterally and down-dip. With drilling completed at Payns and Clement, the rig has moved to Branches and will subsequently proceed to Crusader-Templar, with the drilling program on track for completion in July. The company is on schedule to release an updated mineral resource estimate in the September quarter.
Wallbrook's current gold inventory is limited to the Crusader–Templar deposit, which has an indicated and inferred resource of 5.67 million tonnes at 1.7 g/t gold, containing 304,000 ounces of gold. The Clement, Payns, and Branches prospects have been advanced through 18 months of systematic exploration work, including multiple air-core programs and initial reverse circulation drilling, with total drilling footage of approximately 12,000 meters at the Clement and Payns prospects.
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