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Maximus Resources Drilling at Hilditch Gold Project

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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

 

Maximus Resources (ASX: MXR) managing director Tim Wither at RIU Resurgence 2023

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Maximus Resources (ASX: MXR) managing director Tim Wither tells of the company’s latest advancements while speaking with Wally Graham of The Resources Roadhouse at the RIU Resurgence 2023 Conference in Perth.

Maximus Resources Intersects Lithium and Nickel Mineralisation at Kandui

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THE DRILL SERGEANT: Maximus Resources (ASX: MXR) reported assay results from recently completed Reverse Circulation (RC) drilling at the company’s Lefroy lithium project near Kambalda in Western Australia.

Maximus Resources carried out drilling on the Kandui nickel prospect and the Hilditch gold project, both located within the Lefory project.

The company recently entered a US$3 million (~$4.8 million) Farm-in Agreement for the Lefroy lithium project with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR).

KOMIR is a Korean Government agency responsible for their national resource security, including developing overseas mining and processing capacity to supply the Korean market.

Drilling at Kandui intersected zones of shallow dipping lithium-bearing pegmatites including:

KDRC007
6 metres at 1.11 per cent lithium oxide (Li2O) from 90m, including 3m at 1.99 per cent Li2O from 91m.

The Kandui drilling also encountered shallow broad zones of nickel sulphide mineralisation at the basal contact producing assay results of:

KDRC004
7m at 0.48 per cent nickel from 6m, including 1m at 0.91 per cent nickel, from 11m and 2m at 0.62 per cent nickel from 18m, including 1m at 0.81 per cent nickel from 19m; and

KDRC008
4m at 0.52 per cent nickel from 100m, including 1m at 1.02 per cent nickel from 125m.

All drill holes at Hilditch intersected gold mineralisation where Maximus now has a Mineral Resource update underway.

“This drilling program has revealed a new lithium-bearing pegmatite at Lefroy that was hidden under cover,” Maximus Resources managing director Tim Wither said in the company’s ASX announcement.

“The previously unknown lithium-bearing pegmatite is a very exciting development, as we are about to launch the first phase of our drilling program across the Lefroy lithium prospect in collaboration with our KOMIR partners.

“Kandui is known to have several shallow dipping intrusive pegmatites, crosscutting the nickel mineralisation, and this discovery highlights the potential for more lithium-bearing pegmatites to be found across the large lithium anomaly to be drill-tested at Lefroy.

“In addition to the confirmed lithium potential, the nickel results at Kandui are very encouraging and provide strong validation of the effectiveness of the company’s geochemistry soil mapping program.

“All holes intersected nickel mineralisation proximal to an interpreted basal contact, and follow-up drilling is warranted.

“Lastly, the separate drilling at Hilditch Gold continues to be effective, with these and previous drill program results to be utilised for a gold resource update.

“Due to its shallow high-grade mineralisation, Hilditch has the prospect to be a near-term production source for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Maximus Resources Identifies New Nickel/Gold Targets

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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