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- Maximus Resources (MXR) intersects shallow, anomalous nickel-copper-cobalt and scandium at the Hilditch West target in Western Australia
- The company has conducted a six-hole reverse circulation drilling program which targeted extensive alteration at surface
- Four out of the six holes encountered significant mineralisation across all three drill sections
- The company recently completed a geophysical survey and expects to receive the data in the next few weeks
- Company shares ended the day up 4.17 per cent, trading at 7.5 cents on July 22
Maximus Resources (MXR) has announced some encouraging results from a maiden drilling program at the Hilditch West target in Western Australia.
The reverse circulation (RC) drilling program included six holes, for 624 metres, which targeted extensive alteration at surface along an interpreted district-scale shear zone.
Positively for the company, four out of the six holes encountered significant mineralisation and the Hilditch West target has been upgraded to a polymetallic target.
The drill holes successfully hit shallow, highly anomalous nickel-copper-cobalt and scandium intercepts across all three drill sections covering 500 metres of strike.
Best results include 12 metres at 0.5 per cent nickel and 0.06 per cent cobalt from 18 metres including two metres at 0.8 per cent nickel, 0.2 per cent copper and 0.06 per cent cobalt from 21 metres; and five metres at 1.2 per cent nickel, 0.23 per cent copper and 0.08 per cent cobalt from 43 metres.
Scandium results include eight metres at 57 parts per million (ppm) scandium from 14 metres and six metres at 55pp scandium from 38 metres.
Managing Director Tim Wither was pleased with the results.
“These highly encouraging nickel-copper-cobalt and scandium intersections are a fantastic start to developing our understanding of the Hilditch West target,” he said. “Hilditch West is now a very compelling nickel-sulphide target and will be bolstered by the recent geophysics program which overlaps the target.”
After drilling was completed, Maximum carried out a geophysical survey and the data is expected to be received in the next few weeks.
Company shares ended the day 4.17 per cent in the green to trade at 7.5 cents on July 22.
