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Maximus heating up over Spargoville

30 August 2022 10:17
ASX: MXR
Maximus' flagship Wattle Dam gold project

Maximus Resources have wrapped up drilling over the Wattle Dam/Golden Orb trend and a multi-target drone survey over Lefroy Lithium, Hilditch Gold and the newly acquired Kemble gold-nickel prospect in an expansive exploration program over its Spargoville tenements.

It comes as the resource update of the Redback gold deposit moves forward for September — offering support for potential near term Wattle Dam production.

Focused on discovery of the next Wattle Dam Gold Mine which produced around 286 thousand ounces of gold at over 10 grams per tonne, the explorer have been expanding around its flagship and along the fertile Spargoville shear zone host to a number of notable and infrastructure-rich gold and nickel deposits.

The company said field observations during drilling provided further encouragement ahead of the assays’ return.

“Following the success of the previous Hilditch Gold Project drill programme and the recent acquisition of the Kemble Prospect, we have completed a high-resolution UAV magnetic survey over both project areas,” managing director Tim Wither said.

The Wattle Dam assays are set to come in next month while Maximus interpret survey results to guide campaigns across its tenement package.

MXR’s Australian Stock Exchange-listed share price was trading at 4.6c today (10.16am UTC+ 8 hours).

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