Maximus Resources Receives Encouraging Assay Results from Misho Nickel Prospect

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) shared assay results from a recently completed Reverse Circulation (RC) drill program at the company’s Misho nickel prospect in the Kambalda district of Western Australia.

Maximus Resources reported the RC drilling had encountered disseminated nickel-bearing sulphides at basal contact, with high-grades up to 1.3 per cent nickel.

Assay results include:

MHRC001
13 metres at 0.8 per cent nickel, 558ppm copper, 115ppb PGE from 22m, including 1m at 1.3 per cent nickel, 1190ppm copper, 304ppb PGE from 23m and 1m at 1.2 per cent nickel, 776ppm copper, 170ppb PGE from 28m; and

MHRC003
12m at 0.7 per cent nickel, 1256ppm copper, 176ppb PGE from 13m, including 3m at 1 per cent nickel, 1793ppm copper, 247ppb PGE from 16m.

Maximus Resources said its next step would be drilling in the down plunge direction at Misho to assess the continuity of mineralisation at depth.

To that end a RC drill program is expected to take place soon that will also involve several other nickel targets to follow up on nickel, copper, and PGE mineralisation previously identified via recent aircore programs.

“The initial RC program at Misho was designed around elevated nickel, copper, and PGE aircore drill intersections and build our geological understanding at Misho,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“Encouragingly, the RC program has intersected several shallow occurrences of disseminated pyrrhotite and pentlandite sulphide minerals within broader mineralised zones, confirming a fertile nickel sulphide-bearing komatiite channel at Misho.

“The initial RC drill program focused on the apex of the known magnetic flexure, which is interpreted to be the bottom of the komatiite channel.

“Based on our RC drill results and downhole electromagnetic (DHEM) survey, a shallower northerly plunge setting needs to be investigated in a follow-up drill program.

Due to the presence of a strong sedimentary conductor approx. 200 metres east of the target area the DHEM did not identify any possible off-hole nickel sulphides.

“There is still a strong chance of massive sulphide discovery, since conventional geophysics cannot identify the known mineralised intersections.

“We are still in the early stages of our exploration journey at Misho, the presence of shallow disseminated sulphide nickel, copper and PGE mineralisation is a positive indicator for potential massive nickel sulphide accumulations nearby.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE