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Maximus Resources Ltd.
Summary
| Project: | Spargoville | |
|---|---|---|
| Deposit: | Eagles Nest | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-8-2016: Maximus Resources Ltd. announces an Exploration/Drilling Update report for its Eagles Nest deposit at the Spargoville project. Drilling results incl. 12m @ 2.62g/t Au from 52m. Maximus Resources Limited (ASX:MXR) is pleased to update shareholde | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Hogan (Not stated) | |
| ABSTRACT: | Maximus Resources Limited (ASX:MXR) is pleased to update shareholders following completion of a Reverse Circulation drilling program on the Eagles Nest project in July 2016. A total of 8 holes were completed for a total of 540 metres infilling significant results returned from previous explorers work and drilling undertaken by MXR reported to the ASX on the 28th of January 2016, “Spargoville Drilling Delivers High Grade Results. Significant mineralised intersections recorded in this earlier program include 24m @ 3.05g/t from 19m, including 8m @ 4.0 g/t from 35m in hole MXENRC004, 7m @ 4.0 g/t from 33m, including 1m @ 14.7g/t from 34m in hole MXENRC005, 6m @ 1.98g/t from 81m, including 1m @ 5.3g/t from 81m in hole MXENRC07 The recent drill program was designed to infill to a drill density of approximately 20m x 20m over a strike extent of 80m in preparation for a resource estimation. Refer to Table 1. The Eagles Nest Project is located on the Spargoville shear approximately 8km south of the previously mined high grade Wattle Dam gold mine. The Eagles Nest Project is approximately 55km by road to the company’s Gold Processing Facility at Burbanks. It is the company’s intention to utilise the mill for third party toll treatment options whilst it defines and progresses its own gold ore bodies to production. | |
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