Maximus (ASX:MXR) mark multi-commodity mineralisation at Lefroy

Maximus (ASX:MXR) mark multi-commodity mineralisation at Lefroy

November 1, 2023 Off By Tom Duggan

Maximus 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.

 

MXR Spargoville Map

Project location map

[mstock id=”4886″]

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Chief Content Producer
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us