- Maximus Resources (MXR) commences a reverse circulation drill program at its Wattle Dam gold project in Western Australia
- The company plans to complete 21 holes, for 3500 metres, to target gaps in previous drilling along the S5/Golden Orb corridor
- One of the best intercepts from the previous drilling comes from outside the known Golden Orb mineralised envelope and recorded six metres at 8.8 g/t gold from 198 metres
- Drilling updates and assays are expected in August and September
- Shares are trading 2.17 per cent higher to close at 4.7 cents
Maximus Resources (MXR) has commenced a reverse circulation drill program at its Wattle Dam gold project in Western Australia.
The company plans to complete 21 holes, for 3500 metres, to target gaps in previous drilling along the S5/Golden Orb corridor.
One of the best intercepts from the previous drilling came from outside the known Golden Orb mineralised envelope and recorded six metres at 8.8 grams per tonne (g/t) gold from 198 metres including three metres at 14.2 g/t gold from 199 metres.
Managing Director Tim Wither said he was excited to follow up on the previous drilling success.
“Benefitting from learnings of previous drill programs, together with the newly acquired closer spaced magnetic surveys, provides valuable information in the targeting for further high-grade domains within the Wattle Dam gold project,” he said.
Drilling updates and assays are expected in August and September.
Shares were trading 2.17 per cent higher to close at 4.7 cents.