Maximus Resources kicks off additional drilling at Hilditch West gold target

Maximus Resources kicks off additional drilling at Hilditch West gold target

Proactive Investors

Published

Maximus Resources Ltd (ASX:MXR) (FRA:M5F) has started an additional 600 metres of reverse circulation (RC) drilling at Hilditch West gold target as part of the company’s multi-target drill program. After completing the drilling at Hilditch West, which is around 9 kilometres north of Maximus’ Wattle Dam Project, total RC drilling for the multi-target program will be around 4,600 metres. The combined drill programs have tested several regional exploration gold targets at Yilmia and Karramindie and included resource extension and infill drilling at Wattle Dam Gold Mine and Larkinville deposit. Hilditch West target Hilditch West drilling is targeting an expansive domain of fuchsite altered volcanic and metasedimentary rocks, coincident with a significant gold-in-soil anomaly. Fuchsite mineral is a strong indicator of significant hydrothermal fluid flow which is necessary for the formation of structurally controlled ore bodies. The alteration domain at Hilditch West target is adjacent to an interpreted north-south structural trend, around 1-kilometre north of the Hilditch gold deposit. Recent field geological mapping of Maximus’ northern Spargoville tenements identified an extensive alteration domain comprising of fuchsite altered volcanics and metasediments. The fuchsite alteration has been mapped at the surface, over an extent of more than 1,000 metres strike in a north-south direction and up to 30 metres wide. Previous drilling Previous exploration drilling across the Hilditch West gold target is dominated by shallow RAB drill holes with very limited drill testing greater than 25 metres below the surface, similar to a significant proportion of the northern extent of Maximus’ mining tenements   Importantly fuchsite alteration has been observed within the high-grade Wattle Dam Gold Mine pit walls which are on the interpreted Spargoville Shear Zone. Fuchsite alteration is also reported around 6 kilometres to the north of the Hilditch West target, at Karora Resources’ (TSX:KRR) Spargo’s Reward, which recently reported significant drill intercepts, including 19 metres at 29.8 g/t gold including 5 metres at 99.5 g/t. The Hilditch West target is around 1 kilometre from Maximus’ Hilditch 7,480-ounce gold resource, which has only been drill tested to less than 100 metres below the surface and remains open north and south along strike, and down dip/plunge. Hilditch West program The additional 600 metres RC program at Hilditch West, consists of six holes across three east to west drill traverses, which are evenly spaced around 250 metres, across 500 metres strike of the mapped alteration domain. The drill holes are planned to pass through the Paringa basalt into the Black Flags Volcaniclastics testing the deformed contact zone for any potential gold mineralisation. Completion of this drilling at Hilditch West will conclude the multi-target drill program, with all samples being dispatched to the Kalgoorlie analytical laboratory for assaying. Assay results for each of the drill targets are expected to receive within 3-5 weeks after the completion of each drill program.

Full Article