Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Maximus Resources Ltd (ASX:MXR, OTC:MXRRF).
The company has completed reverse circulation (RC) drilling across two key projects in Western Australia's Goldfields region.
The first-phase RC drilling at the 8500N Paleochannel, consisting of 102 holes, aimed to improve geological understanding and assess potential mineralisation extensions, specifically in the saprolite zone. Results from this work are expected within five weeks.
At the Hilditch deposit, 13 RC holes were drilled to refine resource classification and expand recent high-grade intersections in preparation for an updated mineral resource estimate.
Significant results included an intersection of 19 metres at 3.21 g/t gold from 16 metres, with higher-grade intervals of 6 metres at 5.64 g/t and 5 metres at 3.28 g/t.
These activities support Maximus Resources' ongoing expansion of its gold resource portfolio, which currently totals an estimated 335,000 ounces across multiple exploration projects in the area.