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Maximus kicks off RC drilling at Wattle Dam

8 June 2021
ASX: MXR
Rueben Hale

Australian Securities Exchange-listed Maximus Resources has kicked off reverse circulation (RC) extension and infill drilling at its Wattle Dam gold mine in Western Australia’s premier gold and nickel mining district.

The 1500 drill metres at Wattle Dam have been incorporated into the company’s multi-target RC drilling program, which involves gold targets at Yilmia and Karramindie and resource extension and infill drilling at Maximus’ Larkinville project.

The company said today it expects the resource drilling to support its maiden mineral resource estimate, with the potential to significantly increase its current 112,000 ounce resource.

A recent review of legacy data highlighted a broad zone of remnant unmined carbonate-quartz stockwork at the Wattle Dam stockwork, with significant gold mineralisation intersections adjacent to a previously mined high-grade shoot at Wattle Dam.

Legacy drill intersections highlight high-grade and broad zones of gold mineralisation within the unmined Wattle Dam stockwork.

Following a review of legacy drilling data, Maximus has identified a near-mine opportunity immediately north of the project as a significant untested area along the strike from the mined-out Wattle Dam high-grade shoot.

 RC drilling at Wattle Dam North will consist of 800m across four holes with the work to be completed in conjunction with the stockwork resource drilling.

 Drilling at Wattle Dam is expected to be completed this coming week, with assaying results expected in three to five weeks.

 

 

 

COMPANY OVERVIEW

Maximus Resources (ASX: MXR) Spargoville tenements are located in the heart of Australia’s premiere gold and nickel mining district – just 25km from Kambalda, Western Australia. Home of the very high-grade historic Wattle Dam Gold Mine, the Spargoville tenements are readily accessible and are located less than 50km from six gold processing plants and just 25km from BHP’s Kambalda Nickel Concentrator. Mined until 2012, the Wattle Dam Gold Mine was one of Australia’s highest-grade gold mines, producing ~286,000 oz gold @ 10.1 g/t gold . Maximus Resources’ focus is the discovery of the next Wattle Dam Gold Mine. Maximus Resources has been granted 48 sqkm of mining licences and has gold rights across a further 60 sqkm along the very fertile Spargoville Shear Zone, hosting multiple significant gold and nickel deposits.

COMPANY INFORMATION

ASX: MXR

Website

http://maximusresources.com/
https://www2.asx.com.au/markets/company/mxr

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