For thousands of other reports visit RSC's Mineral Intellingence Map
Maximus Resources Ltd.
Summary
| Project: | Spargoville | |
|---|---|---|
| Deposit: | Kambalda | |
| Location: | Australia | |
| Commodities: | Gold-Nickel-Copper | |
| Date: | 5/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2018: Maximus Resources Ltd. announces an Exploration/Drilling Update report for its Kambalda deposit at the Spargoville project. Drilling results incl. 6m @ 0.85% Ni, 0.04% Cu. Maximus Resources Limited (ASX:MXR) is pleased to advise of a new nickel | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hogan (Not stated) | |
| ABSTRACT: | Maximus Resources Limited (ASX:MXR) is pleased to advise of a new nickel discovery on parts of the Company’s Spargoville gold and base metals project southwest of Kambalda in WA. The discovery is confirmed in new drill results from a shallow Reverse Circulation (RC) drilling program conducted by Lepidico as part of that company’s earn-in for lithium-only rights on the Company’s Spargoville tenements. Lepidico notified Maximus of significant Nickel (Ni) and Copper (Cu) intersections at Sherlock. As previously reported by Lepidico on 30 April 2018 to the ASX, 13 shallow RC holes were drilled for 600m at the Moriarty lithium project as an initial follow-up to encouraging lithium surface sampling results. Lepidico reported two distinct pegmatites were intersected in drilling, within the mafic and ultramafic greenstone sequences. Lepidico undertook multi-element geochemistry of the drill samples and notified Maximus of significant Ni and Cu intersections within the greenstone sequences. Refer to Table 1. The drilling was conducted along three east west traverses, some 20m apart. All Ni intersections were located on the eastern limit of each drill traverse, indicating that the mineralisation is open at depth. See drill location plan, Figure 2 and drilling cross sections, Figure 3. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report