Maximus (ASX:MXR) mark multi-commodity mineralisation at Lefroy
November 1, 2023Maximus Resources‘ multi-target drill campaign has intersected lithium and nickel mineralisation at the Kandui Nickel Prospect as it prepares a 3000-metre drill campaign and a gold resource update at its greater Lefroy Lithium Project 25 kilometres away from Kambalda in Western Australia.
Drilling intersected shallow broad zones of nickel sulphide mineralisation and several zones of shallow dipping lithium pegmatites coinciding with an extensive two by one kilometre lithium soil anomaly, confirmed by rock chips to hold fertile LCT pegmatites.
And all gold-targeted holes at the Hilditch Project intersected mineralisation as the explorer continues to bolster its 320,500-ounce resource across multiple avenues.
Maximus Managing Director Tim Wither said the program had revealed the exciting development of a new lithium-bearing pegmatite hidden undercover as it launched a campaign alongside its new Korean partners.
“Kandui is known to have several shallow dipping intrusive pegmatites, crosscutting the nickel mineralisation, and this discovery highlights the potential for more lithium-bearing pegmatites to be found across the large lithium anomaly to be drill-tested at Lefroy,” Mr Wither said.
“In addition to the confirmed lithium potential, the nickel results at Kandui are very encouraging and provide strong validation of the effectiveness of the Company’s geochemistry soil mapping programme. All holes intersected nickel mineralisation proximal to an interpreted basal contact, and follow-up drilling is warranted.
“Lastly, the separate drilling at Hilditch Gold continues to be effective, with these and previous drill programme results to be utilised for a gold resource update. Due to its shallow high-grade mineralisation, Hilditch has the prospect to be a near-term production source for the Company.”
Forward plan
The year grows late, but Maximus will be busy with an initial lithium exploration programme of 3000 metres of drilling and 3500 soil geochemistry samples planned for the next four months as it plots its next stage of exploration with its Korean partners.
Several holes at Kandui Nickel have also been cased for DHEM surveys directed at highlighting off-hole conductors for future drill targets in sync with targeted PGE soil sampling.
And after bringing in the final assays, Maximus has begun the process of updating its gold MRE at Hilditch and reviewing its resource at Larkinville, expecting to finalise multiple resource updates by early December.
Project location map
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