Maximus Resources has capped a busy month with the completion of a drill program at its Wattle Dam gold project near Kambalda in addition to wrapping up a drone magnetic survey at multiple sites.
The multi-target survey was completed over the company’s Lefroy lithium project, the Hilditch gold project and the recently acquired Kemble gold and nickel prospect.
Rock-chip sampling at Lefroy, part of Maximus’ larger Spargoville tenements, delivered elevated lithium, caesium and rubidium results in June whilst the company also discovered shallow gold intersections from a more than 2000m diamond and RC drill campaign completed at its Hilditch project, also near Kambalda.
Earlier this month the company expanded its holdings around Spargoville with the acquisition of a prospecting licence for the nearby Kemble tenement.
The 192-hectare prospect that the company says is an underexplored mineralised corridor west of the Spargoville shear zone is about 3km north of its Wattle Dam gold project.
Maximus says the drone survey’s ability to fly low and maintain precision positioning results in high-resolution data, revealing features potentially missed by conventional aerial survey methods.
The 3900m RC campaign at Wattle Dam was aimed at testing the company’s Golden Orb trend where a previous drill program 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.
Maximus says gold mineralisation was intersected adjacent to the Western Shear Zone and comparable to the drilling of the S5 prospect north of Golden Orb and about 300m south of the Wattle Dam Gold Mine pit crest.
The completed campaign was 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.
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.
The company says it is also working on an updated mineral resource estimate for the Redback deposit that is expected to be finalised by the end of next month.
Field observations of the Wattle Dam / Golden Orb trend are encouraging and we look forward to updating shareholders with the assay results.
Maximus says it has begun interpreting the data collected from the aerial survey that will be used to provide targets for the company’s next drill campaign.
The company has submitted its drill samples from the Wattle Dam program with results expected by the end of next month.
Maximus has been building an impressive portfolio over the past six months including picking up 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.
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