Maximus Resources hails 250% boost to Wattle Dam gold resource
August 02, 2023 at 02:51 pm EDT
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Maximus Resources Ltd (ASX:MXR) MD Tim Wither tells Proactive the company has extended its gold inventory at Spargoville in Western Australia to 320,600 ounces thanks to a 250% increase in resources at the Wattle Dam Gold Project to 251,500 ounces.
He says there’s considerable potential for more growth across what he says is a large gold mineralised system. Wither adds that 61% of the resource sits in the higher confidence indicated category providing a firm foundation for future development studies.
Wither said “We are pleased to achieve 251,500 ounces of gold resources at our Wattle Dam Gold Project, which increases the company’s mineral resource base to 320,600 ounces.
"Importantly 61% of the updated Wattle Dam Gold Project resources are in the higher confidence indicated category, totalling 153,200 ounces of gold, providing a strong foundation for future development studies.”
Wattle Dam Project is part of MXR’s 114-square-kilometre Spargoville mineral tenements, 25 kilometres from Kambalda in the WA Goldfields and is on granted mining tenements.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Maximus Resources Limited is an Australian mining company focused on the exploration and development of gold, lithium, and nickel projects. The Company holds a diversified portfolio of exploration projects in the Kambalda region of Western Australia, with 335,000 ounces of gold resources across its granted mining tenements. Its primary focus is the Spargoville Project, located about 25 kilometers (km) from Kambalda, Western Australia. It holds about 60 square kilometer of gold rights to the south of the Wattle Dam Gold Project. Its Redback Gold Deposit is located about 600 meters south-southeast of the previously mined high-grade Wattle Dam. Its Larkinville Gold Project is located about five km south-west of Wattle Dam and proximal to Eagles Nest, Larkinville. Its Eagles Nest Gold Project is located around seven km south of Wattle Dam site. In addition to its gold prospects, its Spargoville tenements are prospective for Kambalda-style komatiite-hosted nickel sulfide mineralization.
MAXIMUS RESOURCES LIMITED 
