Maximus Resources: Completes RC drilling at WA tenements

  • Maximus Resources (MXR) has completed reverse circulation (RC) drilling at its S5 gold prospect, Wattle Dam Gold Mine, and Redback gold deposit in WA
  • The company began drilling at the S5 prospect in early November to follow-up on previous work, which intersected up to 83.3g/t gold
  • Maximus has also completed drilling at the Wattle Dam Gold Mine and Redback gold deposit which tested a potential linking structure between them
  • As a result, a decision made to complete the remaining holes using a diamond drill rig with work scheduled to begin in early December
  • The diamond tails are a preferred option as they gain significantly more geological information and are cost-effective
  • Maximus has ended the day 11.1 per cent in the green with shares trading at 15 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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