Maximus Resources (ASX:MXR) unveils promising drilling results at Wattle Dam, Western Australia

Maximus Resources (ASX:MXR) ongoing efforts at the Wattle Dam Gold Mine have taken a compelling turn with the release of encouraging assay results from its second-phase drilling program.

The company is honing in on a potential structural offset of the high-grade Wattle Dam mineralisation, with initial results suggesting exciting future prospects.

Maximus Resources is determined to unlock the full potential of this deposit, located within the fertile Kalgoorlie Terrane, a region famed for its prolific gold production.

The recently concluded program, which involved five reverse circulation (RC) drill holes totalling 1,582 metres, targeted areas on the western side of the Spargoville shear zone.

This zone is believed to hold the key to unlocking the continuation of the high-grade mineralisation mined at Wattle Dam from 2006 to 2012, when Ramelius Resources produced 267,000 ounces at an impressive 10.6 g/t Au.

Managing Director Tim Wither highlighted the significance of the recent findings, noting that they “build on our initial drill program, confirming the fertility of the western side of the regional Spargoville shear zone, and adds further confidence of a potential structural offset of the Wattle Dam high-grade shoot.”

Key results from the program include 1 metre at 8.05 g/t Au within a broader zone of 6 metres at 0.12 g/t Au (WDNRC009), and 1 metre at 4.57 g/t Au within a broader zone of 6 metres at 0.34 g/t Au (WDNRC005).

However, challenges remain, as the variability of assay results suggests a high nugget effect, potentially indicating the presence of coarse gold, which complicates accurate grade estimation.

Coarse gold at Wattle Dam is not a new phenomenon.

Wither explained that during historical mining operations, “89.4% of all assays were less than 5 g/t Au for a resource that was mined at 14.9 g/t Au.” This disparity underscores the complexities inherent in sampling nuggetty gold, where even advanced sampling methods can struggle to provide an accurate representation of grade.

To tackle this challenge, Maximus has employed larger sample sizes and multiple assay repetitions, which has already proven instrumental in obtaining more representative results.

In WDNRC009, for instance, fire assay results showed 4.21 g/t Au over 1 metre, while larger samples yielded an even higher grade of 8.15 g/t Au, underscoring the importance of the company’s refined approach.

Looking ahead, Maximus plans to build on these results with a follow-up drilling program in late 2024.

With promising results and an eye on future production, the Wattle Dam Gold Mine’s story is far from over, and Maximus Resources remains well-positioned to redefine the potential of this high-grade gold deposit.

With continued focus on addressing the challenges posed by coarse gold, Maximus’ approach may well provide the breakthrough needed to unlock the full value of the Wattle Dam mineralisation.

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