Maximus (ASX:MXR) spot more metals at Misho

Maximus Resources have intersected disseminated nickel-bearing sulphides at the basal contact of the newly discovered Misho prospect, confirming a komatiite channel bearing the metal-rich compound as the company awaits assays from its RC campaign just 25 kilometres away from BHP’s Kambalda Nickel Concentrator in Western Australia.

Initial results from a first pass Air-Core campaign surpassed expectations, intersecting shallow and high-grade nickel, copper and platinum group mineralisation, and the remaining assays have now confirmed the presence of a fertile basal contact stretching for 150 metres.

Maximus Managing Director Tim Wither said following the reveal of high-grade nickel at its new discovery, it had quickly launched the RC program to test for sulphides beneath the elevated intersections.

“The RC drill programme focused on the apex of the known magnetic flexure, which is interpreted to be the bottom of the komatiite channel. The shallow RC drilling at Misho has encouragingly intersected several occurrences of disseminated pyrrhotite and pentlandite sulphide minerals,” he said.

“It is early days in the exploration journey at Misho, but the presence of thick high magnesium komatiites with widespread occurrences of shallow disseminated sulphide mineralisation is a positive indication of the system’s fertility and potential for massive nickel sulphide accumulations nearby.”

While Maximus continues to build gold resources and advance towards production, it would be remiss not to continue investigating a highly prospective tenement package along strike from lucrative deposits, remaining underexplored for nickel with previous exploration coming through times of lesser demand.

Next steps:

Assays from the RC program are expected to come in four to six weeks alongside remaining results from multi-target AC drilling on other gold and nickel targets, the results set to be used with modelling from a completed downhole electromagnetic survey into a potentially combined drilling campaign.

Ultramafic cumulate rocks containing abundant visible disseminated sulphides pyrrhotite and pentlandite

MAXIMUS FPO [MXR]

Sector: Basic Materials

Industry: Other Precious Metals & Mining

Employees:

Maximus Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. It primarily explores for gold, copper, lithium, and nickel element deposits. The company holds an interest in the Spargoville project comprising approximately 117 square kilometres located near Kambalda, Western Australia. It also undertakes Wattle Dam gold project, which includes Wattle Dam stockwork, Wattle Dam South, and Redback deposits, as well as S5 prospect, and Hilditch Gold project. In addition, the company holds interest in two Nickel –Copper- Cobalt- Platinum Group Elements projects, which comprises the Jilbadji and Karalee projects covering a combined area of 678 square kilometres located in Southern Cross, Western Australia. Further, it holds 75% interest in Larkinville Lithium project; 70% interest in the Lefroy Lithium project; and 100% interest in Eagles Nest Gold project. The company was incorporated in 2004 and is based in Eastwood, Australia.

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