Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) has struck gold of up to 1 metre at 15.9 g/t from 45 metres depth at the Eagles Nest prospect of the Wattle Dam Gold Project in Western Australia’s Eastern Goldfields.
The company struck the high-grade intersection in a larger result of 8 metres at 3.12 g/t gold from just 45 metres, which – combined with several other gold results – have expanded the resource potential and indicated lateral extensions beyond the current resource boundary at Eagles Nest.
“Extremely promising” shallow results
“These shallow gold results are extremely promising, showing that the broad mineralisation is continuous along strike and highlights the potential for resource growth with further targeted drilling,” Maximus Resources managing director Tim Wither said.
“The company's focus remains on near-term gold production, with an emphasis on prioritising shallow infill resource drilling and the completion of necessary development studies, while maintaining a balanced approach with ongoing exploration programs.
“A follow-up infill resource drill program at Eagles Nest is expected to commence after reverse circulation drilling at the priority 8500N Paleochannel, scheduled to start in the coming week.”
Read: Maximus Resources gleans important gold control insights from 8500N drilling program
Eagles Nest assays
Other drilling results of note from this program include:
- 13 metres at 1.39 g/t gold from 36 metres, including 5 metres at 2.48 g/t from 39 metres;
- 6 metres at 2.45 g/t from 60 metres, including 3 metres at 4.08 g/t from 61 metres;
- 11 metres at 1.48 g/t from 5 metres, including 1 metre at 2.58 g/t from 8 metres and 1 metre at 4.1 g/t from 13 metres; and,
- 11 metres at 1.32 g/t from 30 metres, including 2 metres at 3.37 g/t from 31 metres and 1 metre at 2.24 g/t from 37 metres.
Maximus has submitted metallurgical samples for accelerated cyanide leach analysis to establish the mineralisation’s gold recovery potential, before advancing detailed metallurgical analysis.
The company says the lateral extensions of mineralisation beyond the mineral resource model, as well as shallow mineralisation identified in previously untested areas, point to potential for strong resource growth at Eagles Nest.