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- Maximus Resources (MXR) completes a reverse circulation drill program at its Wattle Dam project in Western Australia
- The company completed a roughly 3900-metre reverse circulation drill program at the Wattle Dam and Golden Orb trend, spanning 21 holes
- Managing Director Tim Wither says field observations of the Wattle Dam/Golden Orb trend have been encouraging, with assay results expected in September
- Meanwhile, Maximus says interpretation of the high-resolution magnetic data sets will guide its next drill program at the Lefroy and Hilditch project and the Kemble prospect
- Maximus Resources last traded at 4.6 cents at 1:23 pm AEST
Maximus Resources (MXR) has completed its reverse circulation drill program at the Wattle Dam project near Kambalda in Western Australia.
The company completed a roughly 3900-metre reverse circulation drill program at the Wattle Dam and Golden Orb trend, spanning 21 holes. The company reported “encouraging field observations” from the program.
This follows on from previous results, which included six metres at 8.8 grams of gold (g/t) per tonne from 198 metres, including three metres at 14.2 g/t gold from 199 metres.
Assay results from the drilling are expected in September.
Having completed the UAV magnetic survey, Maximus said the interpretation of the high-resolution magnetic data sets has commenced and will guide the next drill program at the Lefroy and Hilditch projects and the Kemble prospect.
Ahead of the drilling, the company completed a high-definition UAV multi-target magnetic survey at the Lefroy Lithium Project.
Managing Director Tim Wither said field observations of the Wattle Dam/Golden Orb trend have been encouraging.
“Following the success of the previous Hilditch Gold Project drill program and the recent acquisition of the Kemble Prospect, we have completed a high-resolution UAV magnetic survey over both project areas,” Mr Wither said.
“The high-resolution magnetic survey will provide the structural detail to assist drill targeting at both gold projects and the Lefroy Lithium Project.”
The magnetic survey followed the recent drilling at the Hilditch Gold Project which expanded the mineralised envelope from the current inferred resource of 132,000 tonnes at 1.77 g/t gold for 7511 ounces of gold.
Maximus Resources last traded at 4.6 cents at 1:23 pm AEST.
