Nexus Minerals Limited (ASX:NXM) Launches 11,000m Drilling Program at Wallbrook
Drilling Program
Nexus Minerals Limited has commenced an 11,000 metre regional aircore drilling program at its Wallbrook Gold Project. The program aims to follow up on the Payns Prospect and assess new target MC5.3, continuing the company’s systematic exploration approach.
Targeted Prospects
The drilling program targets Payns Prospect, MC2.1, and MC5.3. MC5.3 is situated in the same mineralised corridor as Northern Star’s Porphyry and Million Dollar Gold Mines. The program is scheduled to complete in March 2025, with assay results expected thereafter.
Executive Comments
Managing Director Andy Tudor commented, “We are excited to see the aircore rig back out at the Wallbrook Gold Project, where we saw in 2024, multiple new gold discoveries which continue to bolster the projects status in the Eastern Goldfields. This program will see a further 11,000 metres of aircore drilling to follow up on the Payns Prospect discovery, target MC2.1 and new target MC5.3. MC5.3 is a new and particularly compelling target in a highly prospective corridor which hosts nearby open pit and underground gold mines. The drill program continues to assess underexplored and technically robust exploration targets which offer huge opportunity for material discoveries in an exceptional location. It’s very positive to see the commencement of our 2025 exploration activities and it promises to be a busy year for the Company. We look forward to sharing updates from this program as they become available.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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