- Maximus Resources (MXR) begins an additional reverse circulation (RC) program at the Hilditch West Gold Target in Western Australia
- The company will drill six holes across three east-west trending drill traverses to test for potential gold mineralisation
- Previous drilling across the target consisted of shallow rotary airblast drilling with limited work undertaken no greater than 25 metres below surface
- Samples will be sent to the Kalgoorlie lab for assaying and results are expected in three to five weeks after completion of drilling
- Maximus closed down 5.13 per cent at 7.4 cents apiece
Maximus Resources (MXR) has begun an additional reverse circulation (RC) program at the Hilditch West Gold Target in Western Australia.
The company will drill six holes, for roughly 600 metres, across three east-west trending drill traverses.
The holes will pass through the Paringa basalt into the Black Flags Volcaniclastics and test the contact zone for potential gold mineralisation.
Recent geological mapping has identified an extensive alteration domain consisting of fuchsite (light green gemstone) altered volcanics and metasediments.
The presence of fuchsite is an excellent indicator of significant hydrothermal fluid flow which is necessary for the formation of structurally controlled orebodies.
This fuchsite measures more than 100 metres in strike and up to 30 metres in width.
Samples will be sent to the Kalgoorlie lab for assaying and results are expected in three to five weeks after completion of drilling.
Previous drilling across the target consisted of shallow rotary airblast drilling with limited work undertaken no greater than 25 metres below surface.
This additional 600 metres forms part of the ongoing RC program which has tested several regional gold targets at the Yilmia and Karramindie targets.
Maximus closed down 5.13 per cent at 7.4 cents apiece.