Commencement of multi-target RC drill program at Eagles Nest and Hilditch Gold Deposits

Aug 20, 2024

Maximus Resources Limited (ASX: MXR) has initiated a multi-target Reverse Circulation (RC) drill program, totalling approximately 2,000 meters, at its Eagles Nest and Hilditch gold deposits, located 25km from Kambalda, Western Australia. The program includes 14 holes (~1,100m) at Eagles Nest to assess shallow gold mineralization within an optimized pit shell, essential for enhancing resource confidence classification.

The Eagles Nest deposit contains an estimated 42,550 oz at 2.0g/t Au, known historically for yielding Western Australia’s largest gold nugget. Additionally, the program involves six holes (~800m) at Hilditch, focusing on areas of high-grade mineralization. Completion is anticipated within two weeks, with assay results expected in 3 to 5 weeks, leading to an updated Mineral Resource Estimate and subsequent mining approvals.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com