Mining

Maximus Resources unveils high-grade gold intersections at Hilditch deposit

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Maximus Resources (ASX:MXR) reported assay results from a recent reverse circulation drill program at the Hilditch gold deposit, located 25km from Kambalda, Western Australia.

The reverse circulation drill program, comprising eleven holes totalling 722m, revealed multiple shallow high-grade intersections, with highlights including 19m at 3.21 g/t gold from 16m, and 9m at 3.11 g/t gold from 63m.

Tim Wither, Managing Director of Maximus, commented on the developments, "The recent drilling results, including 19m at 3.21g/t Au from 16m, fall within optimised open pit shells and support the MRE update prior to completing open pit designs."

"Hilditch offers a promising near-term gold production prospect for Maximus, situated on an approved mining tenement near the Coolgardie-Norseman highway, and within close proximity to multiple regional gold processing facilities," Wither added.

The assays will inform an updated mineral resource estimate for the Hilditch deposit, expected in October.

The company is also advancing various development studies to support mine approval processes, covering areas such as geotechnical, environmental, and hydrogeology assessments.

Representative minable ore-grade intervals have been sent for metallurgical test work, adopting real-world toll milling protocols, with results anticipated next month.

Initial metallurgical tests showed gold recoveries up to 95.8%.

Maximus is actively engaging with potential mining and toll-milling partners as it aims to fast-track the open-pit production for the Hilditch Gold Project.

At the time of reporting, Maximus Resources’ share price was $0.037.

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