Maximus Resources Limited (ASX: MXR) has provided an update on its Wattle Dam Gold Project in Western Australia. The company has completed an initial drill program aimed at identifying a potential structural offset from the high-grade Wattle Dam Gold Mine. The three drill holes, totaling approximately 1,430 meters, intersected zones of intense biotite alteration and a similar geological sequence as the main lode of the Wattle Dam mine. Assay results are pending before a potential second-phase drill program can be
evaluated.
The company also conducted a geological and structural review of the Wattle Dam Gold Project area, which identified additional gold targets across various deposits. The Wattle Dam Gold Project has contributed 1.9 million metric tons at 1.7 grams per ton of gold to Maximus' overall resource. The Wattle Dam deposit consists of steeply dipping ultramafic volcanics and metasedimentary rocks hosting high-grade gold shoots. The recent drilling confirmed the presence of altered komatiite rocks with biotite-actinolite alteration and quartz-carbonate alteration, validating the potential for a structural offset of mineralization.
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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.
