- Maximus Resources (MXR) has launches a diamond drilling program at its Hilditch West nickel target in the Kambalda district of Western Australia
- A roughly 7000-metre drilling program will seek to build on an earlier reverse circulation program completed in July
- An initial 500-metre drill hole has been planned, after which a downhole electromagnetic survey will be used to provide additional data for further drilling
- The diamond drill rig will then move to the company’s Redback gold deposit to test the continuation of mineralisation
- Shares in Maximus Resources are down 1.25 per cent to 7.9 cents at 11:37 am AEDT
Maximus Resources (MXR) has launched a diamond drilling program at its Hilditch West nickel target in the Kambalda district of Western Australia.
Located roughly 25 kilometres southwest of BHP’s Nickel Concentrator, the Hilditch West target has been mapped to show more than one kilometre of strike in a north-south direction, at a with of around 30 metres.
A maiden reverse circulation drill program carried out in July this year intersected shallow nickel-copper-cobalt and scandium intercepts across three drill sections that covered 500 metres of strike. Further analysis confirmed the existence of several nickel sulfide mineral types that are consistent with Kambalda-style nickel deposits.
Now, the company’s roughly 7000-metre drilling program — supported by a recent $12 million financing backed by Pantoro Limited — will seek to build on that earlier drilling.
“Hilditch West is a very compelling target, having the key signatures of a magnetic high anomaly, a strong late-time EM conductor and in an area of proven nickel sulfide mineralisation, provides an ideal setting for a Kambalda-style nickel sulfide discovery,” Maximus Managing Director Tim Wither said.
An initial 500-metre drill hole has been planned, after which a downhole electromagnetic survey will be used to provide additional data for further potential drill testing of the Hilditch West nickel target.
Drilling is expected to be completed over the next two weeks, with results to be released thereafter.
Once the work at Hilditch West has been completed, the diamond drill rig will move to the company’s Redback gold deposit, where drilling will focus on two deep drill holes — co-funded by the WA Government — that will test the down-dip plunge continuation of gold mineralisation.
According to Maximus, this work could potentially double the down-plunge extent of mineralisation at Redback.
Shares in Maximus Resources are down 1.25 per cent to 7.9 cents at 11:37 am AEDT.