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Highlights
- Maximus Resources (MXR) announces high-grade gold intersections in initial drilling at the 8500N Paleochannel.
- Drill program demonstrates potential for shallow, cost-effective mineralisation.
- Assay results confirm mineralisation at multiple levels, with more results pending.
Maximus Resources (ASX:MXR) has announced promising results from the initial phase of a reverse circulation (RC) drill program at its 8500N Paleochannel, located near Kambalda, Western Australia. These results underscore the potential for expanding shallow, high-grade gold mineralisation in a zone situated between the company’s Wattle Dam Gold Mine and the 8500N gold deposit.
Results from Initial Drilling
The first phase included 102 RC holes totaling around 3,200 metres. Initial assays from 46 of these holes have highlighted shallow, high-grade intersections within the paleochannel gravels and the underlying primary mineralisation. Some notable gold intersections included:
- Four metres at 5.2 g/t gold, including two metres at 9.5 g/t.
- Two metres at 6.6 g/t gold from 13 metres.
- Six metres at 2.7 g/t gold, including one metre at 10.9 g/t at the end of a hole.
These findings indicate potential connections between paleochannel gold and primary mineralisation beneath. This relationship could point to a remobilised source further along the strike, supporting the case for further exploration and resource expansion.
Strategic Exploration and Phased Drilling
Maximus Resources (ASX:MXR) designed the drill program in stages to enhance geological confidence and test for extensions of mineralisation along the strike. The second phase will aim to build on this foundation, leveraging data from the initial phase to refine targeting. The systematic approach aims to optimise exploration efforts and ensure resource definition accuracy.
Potential of the 8500N Paleochannel
The 8500N Paleochannel offers a unique, low-cost opportunity due to its shallow mineralisation and free-digging characteristics. Initial results reinforce its potential as a high-grade zone, with mineralisation intersected at various levels. The data suggest a robust correlation with historical drilling results and extend the known mineralisation over a 90-metre strike length in the southern high-grade zone.
Awaiting Further Results
The company anticipates receiving the remaining assay results from this drill program within weeks. These results will inform the strategy for the next phase of drilling, focusing on resource definition and further exploration of the northern zone.
With these promising initial findings, Maximus Resources (MXR) continues to demonstrate the potential of its 8500N Paleochannel to contribute significantly to its portfolio.
