Maximus Resources (ASX:MXR) has had approval granted from the Department of Mines and Petroleum in Western Australia for a 23 hole reverse circulation drilling program.
The program will further test the poly-metallic tenement 908 in the south and commence testing of the 431 gold tenement in the north of its Narndee project.
This exploration drilling program is planned to commence mid-June with 10 holes, and will test new poly-metallic targets identified during the recently completed Induced Polarization survey.
Several previous holes by Maximus intersected the targeted massive sulphide accumulations and showed vein type mineralisation in multiple samples.
Drilling aims to test these structures at depth and along strike.
Following completion of the E59/908 drilling program, an additional 13 holes are planned to commence to test historic gold targets located in the north of the Narndee project.
This tenement is part of the agreement with a private company, and contributes towards Maximus’s earn-in on the tenement.
The holes, planned to test mineralisation to an average depth of 65 metres, are located adjacent to previous underground workings.
The company is lightly valued at under $3 million, and also has joint venture interests over 2,342 square kilometres within the Olympic IOCG province on the Gawler Craton.
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