- Maximus Resources (MXR) continues its high-grade gold finds at the Wattle Dam project in Western Australia
- A 7000-metre drilling program was recently completed at the Redback gold deposit and the Golden Orb prospect to build the value of the project
- Up to 9.6 grams per tonne (g/t) gold was intersected at Redback while up to 14.2 g/t gold was intersected at Golden Orb
- Maximus will use the results to support an updated mineral resource estimate at Redback
- Shares in Maximus are up 1.41 per cent, trading at 7.2 cents at 10:40 am AEST
Maximus Resources (MXR) has continued its high-grade gold finds at the Wattle Dam project in Western Australia.
A 7000-metre reverse circulation (RC) and diamond drilling program was recently completed at the Redback gold deposit and the Golden Orb prospect to build the value of Wattle Dam by increasing the gold resources.
Drilling at Redback continued to deliver wide, high-grade gold intersections with a best result of six metres at 2.7 grams per tonne (g/t) gold from 190 metres including one metre at 9.6 g/t gold.
Other results include six metres at 4.7 g/t gold from 127 metres including three metres at 8.2 g/t gold, and 1.9 metres at 4.2 g/t gold from 273 metres including 1.8 metres at 6.7 g/t gold.
These results will support an updated mineral resource estimate for Redback.
Three RC holes were drilled at the Golden Orb mineralised domain to confirm previous drilling was undertaken in the east as the majority was completed in the west.
An intersection of six metres at 8.8 g/t gold from 198 metres including three metres at 14.2 g/t gold was recorded, indicating the potential for a steeply dipping high-grade shoot at Golden Orb.
Additionally, two diamond holes were drilled at Wattle Dam South to test for a steeply-plunging high-grade shoot.
Both holes intersected significantly altered and deformed ultramafic with minor sediments.
One hole intersected eight metres at 2.4 g/t gold including two metres at 5.8 g/t gold while the second hole did not intersect any significant mineralisation.
“The completed Redback RC and diamond drill resource program continues to return wide, high-grade gold domains, demonstrating the near-term potential for Redback to be developed into another high-grade gold mine in the Wattle Dam Project area,” Managing Director Tim Wither said.
“It is also encouraging to receive the high-grade gold intersection from initial drilling at Golden Orb, which benefited from the learnings from previous drill programmes at the S5 prospect, around 200 metres to the north.”
Shares in Maximus were up 1.41 per cent, trading at 7.2 cents at 10:40 am AEST.