Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) has completed a final follow-up reverse circulation (RC) drilling program for the 2024 season, drilling 14 holes over 888 metres at the Eagles Nest Gold Deposit within its namesake project in Western Australia for a total of 16,000 metres drilled across its projects during the 2024 season.
In October, MXR intersected shallow gold results in drilling, with results up to 8 metres at 3.12 g/t gold from 45 metres, with a higher-grade component of 1 metre at 15.9 g/t gold, and 6 metres at 2.45 g/t gold from 60 metres, including 3 metres at 4.08 g/t gold from 61 metres.
Maximus also drilled several shallow holes along the Eagles Nest trend to test for extensions.
Results from the program will be available in early January next year.
Busy 2024 drilling season
Apart from its drilling efforts at Eagle Nest, Maximus has also made progress across its portfolio of gold and battery metal assets.
At the 8500N Paleochannel discovery, the company drilled 102 RC holes over 3,200 metres, generating results including 4 metres at 5.2 g/t gold from 14 metres, 2 metres at 6.6 g/t from 13 metres, 2 metres at 9.5 g/t from 14 metres and 4 metres at 3.2 g/t from 10 metres.
Read: Maximus Resources hits shallow high-grade gold at 8500N Paleochannel
The company is also working toward an updated mineral resource estimate for the Hilditch gold deposit, with all development studies complete – the next steps will be to finalise open pit optimisations and pit designs with the aim of progressing mine approvals and discussions with potential mining and toll milling partners.
Read: Maximus Resources hits more shallow gold ahead of resource update at Hilditch
Last month, MXR confirmed the presence of lithium at the KOMIR Lefroy Lithium Joint Venture near Kambalda in Western Australia, with results up to 5 metres at 1.81% Li2O from 101 metres, including 3 metres at 2.33% from 102 metres.
Read: Maximus Resources enhances lithium potential at Lefroy JV