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Maximus targets gaps in historical gold campaigns at Kambalda

Maximus Resources has moved swiftly to launch a 3500m, 21-hole RC drilling program at its Wattle Dam gold project after discovering high-grade mineralisation from testing at the site’s Golden Orb corridor near Kambalda in WA’s Goldfields region.

An initial drill program completed in May near Golden Orb recorded visible gold and mineralisation including one intersection going 6m at 8.8 grams per tonne gold from 198m including 3m at 14.2 g/t.

The current program is targeting gaps in historical drilling that previously reported results including one 3m intersection going 83.3 g/t gold from 25m to the south of the company’s Wattle Dam gold mine near its S5 prospect.

Follow-up drilling in May last year recorded a 32m intersection going 3.2 g/t gold from 105m.

The S5 prospect is north of Golden Orb and about 300m south of the Wattle Dam gold mine.

Benefiting from learnings of previous drill programs, together with the newly acquired closer spaced magnetic surveys, provides valuable information in the targeting for further high-grade domains within the Wattle Dam gold project.

The company is expecting assay and drilling results in August and September.

The historic Wattle Dam gold mine delivered more than 266,000 ounces at an impressive 10.6 grams per tonne gold to former owner Ramelius Resources before it left the site in 2012.

Maximus is aiming to build value by increasing gold resources across the Wattle Dam project area, leveraging from the existing mine infrastructure at its namesake gold mine and potential toll treating at several processing plants within a 100km radius.

The company has been busy building a diverse metal portfolio in the Goldfields lately.

This week Maximus announced it had been granted a 678 square kilometre land package that takes in two highly prospective multi-mineral projects near Southern Cross.

The company says the Jilbadji and Karalee projects are targets for nickel, copper, cobalt and platinum group elements.

The two projects include four exploration tenements, with the company receiving a $90,000 co-funded grant as part of the WA Government’s Exploration Incentive Scheme for reconnaissance drilling at the southern Jilbadji target.

Rock-chip sampling at the Lefroy and Larkinville prospects, part of Maximus’ larger Spargoville tenements, delivered elevated lithium, caesium and rubidium results last month whilst it also discovered shallow gold intersections from a more than 2000m diamond and RC drill campaign completed at its Hilditch project, also near Kambalda.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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