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- Maximus Resources (MXR) commences an aircore drill program at its Spargoville project in Western Australia
- The multi-target drill program will include around 6500 metres of drilling in an area prospective for gold and Kambalda-style nickel sulphide mineralisation
- Maximus believes it offers an “excellent opportunity” to potentially discover nickel sulphides in a highly fertile area
- The company says it expects the program to take around two weeks, with the potential to expand it based on field observations
- Shares in MXR are up 8.33 per cent to 3.9 cents at 11:37 am AEDT
Maximus Resources (MXR) has commenced a multi-target aircore drill program at its Spargoville project in Western Australia.
The program includes around 6500 metres of drilling at the project, located 25 kilometres from BHP’s (BHP) Nickel Concentrator in the Kambalda district in WA.
The company said the tenement package was highly prospective for gold and Kambalda-style komatiite-hosted nickel sulphide mineralisation.
Maximus believes the area offers an “excellent opportunity” to potentially discover nickel sulphides in a highly fertile area, parallel with advanced gold exploration.
As part of the program, drilling will take place at the recently-acquired Kemble gold prospect. The prospect has had limited exploration to date, with only surface sampling and several shallow drill holes carried out in the past.
Other targets include Hilditch, Central and 1A North, which are prospective for nickel, as well as Emu Patch, which is prospective for gold.
The multiple drill targets came as a result of a detailed review of the company’s exploration portfolio, prioritising several gold and nickel targets associated with favourable geochemistry and geological setting.
The aircore program aims to define the location of the basal contact position and provide vital geochemistry data to narrow in on the prospective targets for follow-up drilling.
Maximus said it expected the program to take around two weeks, with the potential to expand it based on field observations.
Shares in MXR were up 8.33 per cent to 3.9 cents at 11:37 am AEDT.
