Maximus Resources has RC drill spinning to test Wattle Dam Gold Mine extension

Maximus Resources has RC drill spinning to test Wattle Dam Gold Mine extension

Proactive Investors

Published

Maximus Resources Limited (ASX:MXR) (FRA:M5F) has started a 1,500-metre reverse circulation (RC) resource extension and infill drilling program at the Wattle Dam Gold Mine, 24 kilometres from Kambalda, Western Australia’s premier gold and nickel mining district. Drilling is testing a potential northern extension of the high-grade shoot along with resource drilling of remnant stockwork mineralisation at Wattle Dam. Resource drilling will support a mineral resource estimate, with the potential to increase the current 112,000-ounce resource. The multi-target program incorporates regional exploration gold targets at Yilmia and Karramindie and includes resource extension and infill drilling at the Larkinville project. Due to the limited availability of drill rigs in Western Australia, a comprehensive multi-target program was designed to secure a preferred drill contractor. Resource estimate drilling A recent review of legacy data highlighted a broad zone of remnant unmined carbonate-quartz stockwork with significant gold mineralisation intersections, adjacent to the previously mined high-grade shoot at Wattle Dam. The Wattle Dam stockwork mineralisation extends from the surface and closely follows the plunge of the mined out high-grade shoot at Wattle Dam, suggesting that the mineralisation in the stockwork is likely a fundamental element in the Wattle Dam mineral system. The company has planned around 700 metres of RC drilling to intersect and partially extend the stockwork mineralisation immediately west of the mined underground production stopes and obtain material for specific gravity test work. There are no reported mineral resources for any remnant unmined mineralisation at Wattle Dam. Potential extension to Wattle Dam Following a review by Maximus of legacy drilling data, a near-mine opportunity immediately north of Wattle Dam was identified as an untested area, along strike from the mined-out Wattle Dam high-grade shoot. The RC drilling at Wattle Dam North will consist of 800 metres, across four holes, to adequately test for Wattle Dam size targets. This will be completed in conjunction with the Wattle Dam stockwork resource drilling. The drilling program at Larkinville is nearing completion with samples being collected for transportation to the Kalgoorlie analytical lab. Drill program update Drilling at Wattle Dam is expected to be completed this coming week, with samples to be submitted to Kalgoorlie laboratory for assaying as the program progresses and the company expects assay results to be received between 3-5 weeks after completion of drilling. The multi-target RC drill program has been extended, to include around 600 metres at the Hilditch West Gold target. After completing RC drilling at Wattle Dam, the company will focus on Hilditch, where the drilling is expected to conclude the current program.

Full Article