- Maximus Resources (MXR) reports “strong” results from drilling at its Wattle Dam gold project in Western Australia
- The results come from a 4100-metre reverse circulation program targeting the Gold Orb/S5 trend
- Maximus drilled 26 holes which returned broad zones of mineralisation, with assays including one metre at 11.5 g/t gold from 38 metres
- MXR says the results will be incorporated into a combined Wattle Dam South mineral resource estimate, which it expects to complete by December 2022
- Maximus Resources closed 2.22 per cent lower at 4.4 cents
Maximus Resources (MXR) has reported “strong” results from drilling at its Wattle Dam gold project in Western Australia.
The results came from a 4100-metre reverse circulation program targeting the Gold Orb/S5 trend.
Maximus drilled 26 holes to test mineralisation controls and gaps in previous drilling along the Gold Orb corridor.
Broad zones of mineralisation were intersected, with highlights including 11 metres at 3.8 grams of gold per tonne (g/t) from 37 metres, including one metre at 11.5 g/t gold from 38 metres and one metre at nine g/t gold from 42 metres.
Maximus said the assays demonstrated the potential to significantly increase the scale of Wattle Dam.
“These results from the recent reverse circulation drill program, which successfully intersected gold mineralisation across the 800-metre Golden Orb/S5 trend, confirm the continuity of mineralisation from Wattle Dam Stockwork through S5 prospect and Golden Orb, demonstrating the potential for mineral resource growth across the Wattle Dam gold project,” Managing Director Tim Wither said.
MXR said it would incorporate the Golden Orb, S5 and Redback gold mineralisation for a combined Wattle Dam South mineral resource estimate, which it expects to be completed during December 2022.
Maximus Resources closed 2.22 per cent lower at 4.4 cents.