- Exploration activities have recommenced at Maximus Resources’ Spargoville tenements
- Activities will begin at the Wattle Dam gold mine
- New SAM survey will begin at the S5 target and Redback Resource Area on October 7
Maximus Resources plans to recommence exploration activities at its Spargoville tenements.
The activities will begin with the area surrounding the Wattle Dam gold mine.
Maximus has recently obtained exploration data from a sub audio magnetic (SAM) survey conducted immediately to the north of the Wattle Dam Pit.
SAM surveys are ground based electrical surveys that measure two separate output responses, the total magnetic intensity (TMI) and the equivalent magneto metric resistivity (EQMMR).
The TMI measures the magnetic response of the underlying rocks while the EQMMR measures the pseudo magnetic response when electrified.
SAM surveying is useful in locating shears associated with shear hosted gold deposits, detecting strong conductors, as well as detecting more subtle conductors associated with disseminated sulphides.
Interpretation of this data has highlighted several target areas to the north of Wattle Dam that is coincident with the trace of the Spargoville shear zone.
Whilst exploration drilling has been conducted in this area Maximus considers the drilling to be general wide-spaced traverses of un-targeted drilling.
Based on the success of this SAM survey and encouraging results identifying additional drill targets north of Wattle Dam, Maximus has scheduled a further SAM survey to be conducted to the south of the open pit.
The SAM survey will cover the S5 target and the Redback Resource Area and will provide geophysical data to test the potential of the Spargoville shear to host further Wattle Dam style gold deposits.
This survey is scheduled to begin on October 7 2019, and is expected to be completed within the week.