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Maximus hit thick nickel

23 March 2022 12:57
ASX: MXR

Maximus Resources have established the gathering of shallow mineralisation at its Hilditch West nickel target, part of the Hilditch gold and nickel prospect immediately south of Karora Resources’ high-grade Spargos’ Reward gold mine in Western Australia’s Eastern Goldfields.

The Exploration Incentive Scheme co-funded analysis supported previous intersections, including hits up to 1.5 per cent nickel over the 2080 metre drill programme at the site.

Additionally, structure-wide drilling gave weight to modelling, which interpreted nickel mobilised deep into the stratigraphy.

The company said the campaign would expand on successful scout drilling at the site.

“Initial observations at Hilditch West have indicated the infill and expansion programme has intersected the expected alteration including sulfides along the structure,” managing director Tim Wither said

Assay results are likely come in six to seven weeks as Maximus progress its large scale gold and nickel campaign.

MXR’s Australian Stock Exchange-listed price has risen 1.54 per cent today, selling at 6.6c (11.53 am UTC+ 8 hours).

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