Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) managing director Tim Wither joins Proactive’s Tylah Tully to discuss the positive results from Phase 2 drilling at Wattle Gold Dam, near Kambalda, Western Australia.
The drilling confirmed elevated gold, with samples showing up to 1-metre at 8.05 g/t of gold. The site is positioned along the Spargoville shear zone, where a potential structural offset of the high-grade Wattle Dam Gold Mine has been identified. The discovery of biotite-amphibole alterations within the rock indicates promising gold prospectivity, as biotite has historically been a marker for high-grade mineralisation at Wattle Dam.
Wither noted that the Phase 2 results build confidence in the geological model and enhance future exploration prospects. However, the coarse nature of the gold presents challenges, with high variability in grade estimates. To address this, the company increased assay sample sizes to better represent gold content, a key step for future drill programs. Initial assays suggest coarse gold is likely present, similar to historical mining conditions at the site.
Maximus will continue refining drilling targets for a Phase 3 program at Wattle Dam, scheduled for the fourth quarter, and aims to advance gold production in parallel with further exploration.