Ann: Multiple High Grade Gold Intercepts at Templar New Discovery, page-55

from * lunchtime update

NEXUS MINERALS (ASX:NXM)

More high-grade gold from the emerging ‘Wallbrook’ gold project in WA, which follows some punter-pleasing results from the ‘Crusader’ target last month.

This time it’s the nearby, previously undrilled ‘Templar’ discovery delivering numerous hits like 10m @ 5.64g/t gold (within 23m @ 2.85g/t Au from 132m).

Crusader and Templar could be part of one giant system, Nexus managing director Andy Tudor says.

“These broad high-grade results received from Templar occur in the same altered and mineralised rocks we see at the Crusader prospect, 1.2km to the south,” he says.

“This has effectively linked the two prospects together into one large mineralised system.”

A 700m deep diamond drill hole at Templar is now underway.

$53m market cap Nexus is up 175% over the past month to hit five-year highs.