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Maximus sparks excitement with positive Hilditch West petrography analysis

27 September 2021
ASX: MXR
Rueben Hale

Maximus Resources Limited has successfully completed a petrography analysis at Hilditch West. The analysis identified several sulfide mineral types, helping to determine key nickel-bearing mineralogy and advancing geological understanding at the site.

The analysis follows a maiden RC drill programme at Hilditch West in July that intersected several shallow nickel-copper-cobalt intersections. At the time, managing director Tim Wither called it a “fantastic start to developing our understanding of the Hilditch West target.”

Maximus had Hilditch West drill chips analysed by a consultant petrologist. That analysis revealed multiple sulfide mineral types, including pentlandite (nickel sulfide), nickeliferous pyrite (iron sulfide containing nickel), gersdorffite (nickelarsenic sulfide), pyrrhotite (iron sulfide – can contain minor nickel), sphalerite (zinc sulfide), chalcopyrite and covellite (copper sulfides).

The Hilditch West site is located 25 kilometres from BHP’s Kambalda Nickel Operations in Western Australia. The site comprises part of a 48 square kilometre tenement held by Maximus across the highly prospective Spargoville Shear Zone about 550 kilometres east of Perth.

The petrography analysis observed Nickel sulfide minerals consistent with the sulfides that are seen in Kambalda-style nickel deposits. Maximus says intersected mineralisation at Hilditch West occurs as disseminated and fracture-fill sulfides occurring along an interpreted district-scale shear zone. A recent ground-based EM geophysics survey also revealed a strong, shallow EM conductor plate at 9,000 Siemens located north of the nickel-copper-cobalt intercepts at Hilditch West. Maximus points out magnetic anomalies can be helpful in vectoring within an ultramafic sequence as a guide to thickened flows and potential channel/trough positions.

The junior mining explorer highlights significant high-grade nickel finds at nearby Wannaway and around the Widgiemooltha Dome. Maximus calls the magnetic anomalies at Hilditch West “encouraging,” saying concentrations of pyrrhotite (magnetic) are typical of Kambalda-style komatiite hosted nickel-sulfide deposits.

As a result of the petrography analysis and other work done at the site, Maximum says its Hilditch West nickel target remains a priority target. The company cites anomalous nickel intersections, confirmed nickel sulfide mineralogy and the proximal conductor that has not been adequately tested by legacy drilling as prioritisation reasons.

As part of an upcoming multi-target diamond drill programme, Maximus will next drill test the EM anomaly at Hilditch West.

The company’s Australian Stock Market listed price has risen 5.68 per cent today, trading at 9.3c today (11:00 am GMT + 8 hours).

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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