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Maximus Resources Ltd.

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Summary

Project:

Spargoville

Deposit:Lefroy
Location:Australia
Commodities:Lithium
Date:9/15/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-9-2016: Maximus Resources Ltd. announces an Exploration/Drilling Update report for its Lefroy deposit at the Spargoville project. Drilling results incl. 2m @ 0.6% Li2O from 22m at Lefroy prospect. Maximus Resources Limited (“MXR” or “the Company”) is p
Resources:x
CP/QP:[Overall Report]: Stephen Hogan (Not stated)
ABSTRACT:Maximus Resources Limited (“MXR” or “the Company”) is pleased to update the market on progress at the Spargoville Lithium Project. The company has completed a review of the Lithium potential on the West Larkinville mining lease, M15/1449 and has completed a preliminary sampling program. This tenement is held 75% by MXR and 25% by Pioneer Resources Ltd (PIO). The lease is located approximately 10km south-west of the Company’s Lefroy Lithium Project, which is located 20km south of the Mt Marion lithium operation. The review identified a significant Lithium anomaly derived from previous Auger sampling at West Larkinville. MXR geologists re-established access to this historically reported pegmatite, and conducted a preliminary rock chip sampling program. Reverse Circulation (RC) drilling at Target 2 at the Lefroy Prospect, returned results of 2m @ 0.6% Li20 from 22m down hole, within a 7m down hole width of Pegmatite. No significant results were returned from Target 1.

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