Nexus Minerals Hits 34.77g/t Gold at Payns Ahead of Major Resource Upgrade
Nexus Minerals Payns high-grade gold drilling delivers assays up to 34.77g/t Au, completing the 79-hole programme and setting the stage for a maiden Mineral Resource Estimate by the end of September 2026.
Key Takeaways
- Nexus Minerals has completed assay reporting across all 79 RC holes for 6,040m at the Payns Prospect, with the best result returning 5m at 12.83g/t Au including 1m at 34.77g/t Au from just 39m depth.
- The full 21,985m Wallbrook RC drilling campaign across four prospects is now complete, with assay results from Branches and Crusader-Templar expected through July and August 2026.
- Independent Competent Person Jeremy Clark of Lily Valley International has been engaged to deliver an updated multi-prospect Wallbrook MRE, targeted for completion by end of the September 2026 quarter.
- The updated MRE is expected to incorporate a maiden contribution from Payns into the existing 304koz Au Crusader-Templar resource, with the potential to materially expand the project's total ounce inventory.
- Payns mineralisation remains open along strike and at depth within a synform geometry, and the project sits along strike from Northern Star Resources' operating Porphyry and Million Dollar gold mines within a 192km² land package.
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