Maximus Resources Drilling at Hilditch Gold Project

THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has commenced a Reverse Circulation (RC) drill program at the company’s Hilditch gold project located on a granted mining tenement outside Kambalda in Western Australia.

Maximus Resources views Hilditch as just one of several regional gold deposits it considers being highly prospective in the company’s Spargoville tenements.

The deposit already hosts a shallow Mineral Resources Estimate (MRE) of 19,500 ounces of gold at 1.3 grams per tonne gold.

The company outlined the purpose of the drilling program to be infill and resource extension to upgrade additional material into the higher confidence JORC indicated category.

This phase of drilling will also entail several representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption of the Hilditch mineralisation.

“This RC program drilling aims to bring more of the resource into the higher confidence JORC indicated category, whilst completing representative holes for additional metallurgical testing to determine gravity recoveries, grind size and reagent consumption for optimal gold recovery,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The company continues to make consistent improvements in Mineral Resource classifications, through efficient drilling, and as our geological understanding of the deposits continues to grow, so does the potential across Maximus’ fertile tenements.

“Hilditch’s shallow gold resource represents a potential near-term gold production opportunity for Maximus, located on a granted mining tenement next to the Coolgardie-Esperance Highway, and within a short trucking distance to several regional gold processing plants.

“With the completion of a flora and fauna survey, the company has commenced preparations for the Mining Proposal and Mine Closure submission for open-pit mining operations at Hilditch.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE