leadf
logo-loader
viewMaximus Resources Ltd
(
ASX:MXR
)

Maximus Resources begins RC drilling at Yilmia gold target

Its initial focus will be on drilling at both the Yilmia and Karramindie gold targets, which are incorporated into a larger 4,000 metres RC program.

Maximus Resources Ltd - Maximus Resources begins RC drilling at Yilmia gold target
Kennedy Drilling at Yilmia gold target along an interpreted shear zone.

Maximus Resources Ltd (ASX:MXR) (FRA:M5F) has started a reverse circulation (RC) drilling program of around 4,000 metres targeting several near-mine and regional exploration gold targets across its Spargoville tenements, which is 24 kilometres from Kambalda, Western Australia’s premier gold and nickel mining district. 

The company’s initial focus will be on drilling around 1,200 metres at both the Yilmia and Karramindie gold targets. 

The Yilmia and Karramindie regional exploration targets are incorporated into a larger 4,000 metres RC program, which includes mineral resource drilling at both the Wattle Dam Gold Mine remnant stockwork mineralisation and the Larkinville Project. 

The Yilmia RC drill program is testing for a potential northern repeat of Karora Resources Inc’s (TSX:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) Spargo’s Reward, along an interpreted Shear Zone, 16 kilometres north of Wattle Dam. 

Karramindie program

The company is undertaking a drilling program at Karramindie, targeting gold in soil anomaly adjacent to the regional Karramindie shear zone.

The anomaly occurs proximal to interflow sediments similar to that seen at the company’s Redback and Wattle Dam Gold Mine.

The ultramafics and interflow sediments are adjacent to the regional Karramindie shear zone, associated with Anglo Australia Resources NL’s (ASX:AAR) Mandilla Gold Project, which is around 4 kilometres to the south-southeast of the Karramindie target.

Maximus expects drilling at Yilmia and Karramindie to be completed in around two weeks, with assay results to be announced as received.

Once completed, the RC drill rig will move onto mineral resource infill and extension drilling at Larkinville, appropriate for JORC 2012 reporting and obtain adequate material for metallurgical test-work to support completion of development studies.

Quick facts: Maximus Resources Ltd

Follow
ASX:MXR

Price: 0.11 AUD

Market Cap: $16.81 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Maximus Resources welcomes Pantoro as cornerstone investor

Maximus Resources Ltd (ASX:MXR)'s Tim Wither speaks to Proactive soon after the news they've secured a new cornerstone investor in Pantoro Ltd (ASX:PNR), as it seeks to advance its gold and nickel exploration and development strategy. The company raised $12 million in a strongly supported...

on 19/8/21

2 min read