Maximus Resources (ASX:MXR) unveils high-grade gold intersections at Hilditch Gold Project
August 15, 2024Maximus Resources Limited (ASX:MXR) has announced promising results from its recent infill and resource extension drilling at the Hilditch Gold Project, located in Western Australia’s Kambalda region.
Results indicate consistent, shallow high-grade gold mineralisation, bolstering the project’s potential for near-term gold production.
The 26-hole reverse circulation (RC) drill program, covering 1,514 meters, intersected significant gold mineralisation within the targeted optimised pit shell.
Notable intersections included 4 meters at 12.44 grams per tonne (g/t) of gold from 47 meters, including an exceptional 1 meter at 25.93 g/t gold from the same depth, highlighting the high-grade nature of the deposit.
Other significant findings include 11 meters at 1.14 g/t gold from 15 meters, including 4 meters at 2.17 g/t gold, and 3 meters at 3.77 g/t gold from 42 meters, demonstrating the consistency of the mineralisation across the drilled area.
Maximus Resources Managing Director, Tim Wither, expressed optimism about the project’s future, stating, “This completed RC drilling aims to bring a significant portion of the Hilditch resource into the higher confidence JORC indicated category. The latest results continue to enhance geological confidence at Hilditch and demonstrate the potential for further exploration to delineate and expand the resource. Hilditch’s shallow gold resource represents a potential near-term gold production opportunity for Maximus, located within a short trucking distance to several regional gold processing plants.”
Preliminary metallurgical tests have also shown promising results, with gold recoveries ranging between 91.4% and 95.8%, indicating the deposit’s suitability for efficient processing.
These tests were conducted on samples across different grades and weathering stages, ensuring comprehensive coverage of expected mining conditions.
Maximus is planning a follow-up drill program to further explore high-grade zones and update the Mineral Resource Estimate (MRE) for the Hilditch Project.
The company is also preparing Mining Proposal and Mine Closure submissions for potential open-pit operations, reinforcing its commitment to advancing the project towards production.
The Hilditch Project’s proximity to existing infrastructure and processing facilities enhances its attractiveness as a near-term production asset.
As Maximus continues to advance its exploration and development activities, the Hilditch Gold Project remains a key component of its strategy to unlock value across its Spargoville tenements.
With ongoing exploration and promising initial results, Maximus Resources is poised to make significant strides in developing its Hilditch Gold Project, potentially bringing it closer to production and delivering value to its stakeholders.
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