Maximus Resources Completes Extensive 2024 Drilling Campaign Across Projects

2 min read | December 13, 2024 11:38 AM AEDT | By Team Kalkine Media

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Maximus Resources Completes Extensive 2024 Drilling Campaign Across Projects — Image source: shutterstock

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Highlights

Maximus Resources completed 16,000 metres of drilling in the 2024 season.

Shallow gold and lithium results highlight project potential in Western Australia.

Updated resource estimates and development plans progressing for gold deposits.

Maximus Resources (ASX:MXR) has concluded its comprehensive drilling campaign for the 2024 season, marking a total of 16,000 metres of drilling across its projects in Western Australia. This effort included a final reverse circulation (RC) program comprising 14 holes over 888 metres at the Eagles Nest Gold Deposit, part of the company’s flagship project.

Gold Drilling Yields Promising Results

October’s drilling at Eagles Nest returned encouraging shallow gold results, including intervals of 8 metres grading 3.12 g/t gold from 45 metres, with a higher-grade section of 1 metre at 15.9 g/t gold. Additional findings included 6 metres at 2.45 g/t gold from 60 metres, including 3 metres at 4.08 g/t gold from 61 metres. Several shallow holes were drilled along the Eagles Nest trend to explore potential extensions, and results from this latest program are expected by early January.

Paleochannel Discovery Adds to Gold Potential

The 8500N Paleochannel discovery also saw significant activity, with 102 RC holes drilled across 3,200 metres. Standout results included 4 metres grading 5.2 g/t gold from 14 metres, 2 metres at 6.6 g/t gold from 13 metres, and 2 metres at 9.5 g/t gold from 14 metres. These shallow results add to the overall gold potential within Maximus’ portfolio.

Advancing Hilditch Gold Resource

Efforts to update the mineral resource estimate for the Hilditch gold deposit are progressing, with development studies completed. Next steps involve optimising open pit designs and advancing mine approvals. The company aims to collaborate with mining and toll milling partners to further develop this asset.

Lithium Discoveries Enhance Portfolio

The discovery of lithium at the KOMIR Lefroy Lithium Joint Venture near Kambalda adds another dimension to Maximus Resources' project portfolio. Drilling intersected results up to 5 metres at 1.81% Li2O from 101 metres, including 3 metres at 2.33% from 102 metres. These findings underline the company’s potential to contribute to the growing demand for battery metals.

Maximus Resources’ extensive drilling efforts in 2024 have laid the groundwork for potential growth across its gold and lithium projects, setting the stage for key milestones in the coming year.

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