Maximus Resources Identifies New Nickel/Gold Targets

THE DRILL SERGEANT: Maximus Resources (ASX: MXR) has generated new drill targets having completed a multi-target air-core drill program across the company’s Spargoville project near Kambalda in Western Australia.

Maximus Resources reported the drilling revealed elevated nickel, copper and platinum group metals within the regolith it considers strongly associated with Kambalda-type nickel sulphide deposits.

The company said multiple nickel targets were identified for follow-up drilling.

Highlights include:

Central – Nickel
CTAC060
20m a 0.32 per cent nickel, 139ppm copper, 22ppb PGE from 0m, including 4m a 0.44 per cent nickel, 76ppm copper, 23ppb PGE from 12m;

Hilditch West – Nickel
HWAC001
16m a 0.32 per cent nickel, 178ppm copper, 30ppb PGE from 20m, including 4m a 0.41 per cent nickel, 134ppm copper, 30ppb PGE from 28m; and

Kemble – Nickel
KBAC028
27m a 0.29 per cent nickel, 88ppm copper, 21ppb PGE from 8m.

“In addition to the success in defining a fertile nickel-sulphide komatiite channel at the Misho nickel prospect, the complete multi-target low-cost air-core drill program has delineated additional gold and nickel targets at Central, Hilditch and Kemble,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“These early-stage air-core drill programs provided vital geochemistry to vector-in on prospective targets for follow-up RC drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE