Nexus Minerals Limited announced assay results from extensional reverse circulation (RC) drill programs at the Crusader-Templar and Branches prospects. Assay results were also received from regional aircore drilling, at the MC4.1 and MC3.1 prospects, and from initial soil sampling grids. All these exploration activities are within the Company's Wallbrook gold project, 140km northeast of Kalgoorlie in Western Australia.

The Branches RC drill program successfully extended the mineralised corridor to 1.1km in strike length (increased from 600 metres). Broad fences of extensional drill holes intercepted mineralisation at shallow depths above 150 metres. Positive drill results on the most northern (4m at 2.85g/t Au within 10m at 1.33g/t Au) and most southern drill lines (12m at 1.84g/t Au within 17m at 1.39g/t Au), in areas of no previous exploration, support the ongoing potential of mineralised corridor MC1, which remains open in all directions.

Conceptual extensional drill holes down dip from the previously defined mineralised envelope returned results up to 6m at 5.57g/t Au within 9m at 3.80g/t Au. Mineralisation is hosted within, and on the boundaries of, altered quartz porphyry dykes, consistent with previous observations at Branches. Company geologists are undertaking an interpretation and review exercise within the currently defined mineralised envelope to effectively define mineralised zones of highest economic potential for future follow up drilling.

Further extensions to the corridor are also being reviewed as part of a broader aircore drilling program. Two targets MC4.1 and MC3.1 were subject to first pass aircore drill testing, with 8,429m /355 holes drilled. Target MC4.1 intersected mineralised quartz-goethite alteration and hematite altered quartz porphyry in a number of the holes drilled.

This is the same mineralisation style as that seen at the Crusader-Templar and Branches prospects. This prospect is now ready for first pass RC drill testing. Target MC3.1 returned no significant intercepts.

The soil program at MC3.2 successfully identified a large gold soil anomaly with a +0.1g/t Au footprint of 1km X 0.7km hosted in the same mineralised corridor as Northern Star Resources historically mined Margaret gold deposit. Highest gold values correlate with the gravity lows and gravity gradients and supports Nexus' broader exploration vectoring strategy on the project. The anomaly also shows a positive correlation with a northeast trending fault interpreted from the ground magnetic imagery.

This is a known fertile structural setting implicated in controlling many of the neighbouring gold deposits. Ground truthing and drill program planning of the anomaly is underway.