- Maximus Resources (MXR) identifies highly prospective electromagnetic (EM) conductors at the Hilditch West target in Western Australia
- The company completed survey work at the target to follow up on several nickel-copper intersections from previous drilling
- The two shallow conductors have been discovered along strike from, and below, the recent intersections
- Maximus plans to follow up on the EM conductors by drilling a 500-metre diamond hole
- Maximus shares closed up 8.57 per cent at 7.6 cents
Maximus Resources (MXR) has identified highly prospective electromagnetic (EM) conductors at the Hilditch West target.
This target is around 25 kilometres from BHP’s (BHP) Kambalda Nickel Operations in Western Australia.
Maximus completed a fixed-loop EM (FLEM) survey over Hilditch West to follow up on several nickel-copper intersections from previous drilling to define new drill targets.
Interpretation of the data outlined two shallow conductors along strike from, and below, some recent intersections.
The maiden drilling program returned encouraging results including five metres at 1.2 per cent nickel, 0.23 per cent copper and 0.08 per cent cobalt from 43 metres; and two metres at 1.5 per cent nickel and 0.03 per cent cobalt from 87 metres.
Managing Director Tim Wither commented on the findings: “Possessing these key signatures of magnetic high and strong late-time EM conductor in an area of proven nickel sulphide mineralisation is an ideal setting for a Kambalda-style nickel sulphide discovery.
“Hilditch West is an exciting target in Maximus’s evolving nickel exploration program, and we are looking forward to commencing a diamond drilling program at Hilditch West later this quarter.”
To further test the conductor, Maximus will drill a 500-metre hole to intersect the peak magnetic response and centre of the 9000 siemens target plate around 340 metres below surface.
Maximus shares closed up 8.57 per cent at 7.6 cents.