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Maximus Resources (ASX:MXR) confirms sulphide minerals at Hilditch West

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ASX:MXR      MCAP $10.91M
27 September 2021 14:50 (AEST)

Exploration team at Wattle Dam. Source: Tim Wither/LinkedIn

Maximus Resources (MXR) has completed a petrography analysis at the Hilditch West nickel target in Western Australia.

The company engaged Mintex Petrological Solutions to undertake the analysis which aimed to determine the key nickel-bearing mineralogy of samples from previous reverse circulation (RC) drilling.

Earlier this year, Maximus completed RC drilling at Hilditch West which intersected multiple zones of encouraging shallow nickel-copper-cobalt intersections.

Results included 0.5 metres at 1.2 per cent nickel, 0.23 per cent copper, 0.08 per cent cobalt from 43 metres and 19 metres at 0.4 per cent nickel, 0.1 per cent copper, 2.4 grams of silver per tonne from 107 metres.

As part of the recent analysis, polished thin sections were made from each of seven RC samples and a selection of these were analysed at the James Cook University in Queensland.

The petrographic study confirmed the identification of several sulphide mineral types including pentlandite, nickeliferous pyrite, gersdorffite, pyrrhotite, sphalerite, chalcopyrite and covellite.

These sulphide minerals are reportedly consistent with the sulphides that are
observed in Kambalda-style nickel deposits such as some of Mincor Resources’ (MCR) deposits in WA.

Based on these findings and the previously announced anomalous nickel intersections, the Hilditch West target remains a high priority for the company.

MXR’s shares closed up 1.14 per cent to trade at 8.9 cents.

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