Maximus Resources (ASX:MXR) Phase-2 Drilling Results Update

Maximus Resources Limited (MXR) has released the final assay results from the completed Reverse Circulation (RC) drill program at the Wattle Dam Gold Mine in Western Australia. The program targeted a potential structural offset of the high-grade Wattle Dam gold mineralisation on the western side of the regional Spargoville shear zone. The results include several holes intersecting broad zones of strong biotite-amphibole alteration with elevated gold mineralisation, demonstrating fertility and potential structure offset.

Executive Commentary on Phase-2 Drilling Results

Maximus' Managing Director, Tim Wither, commented on the latest results, stating, 'These latest results from the second phase drill program at Wattle Dam build on our initial drill program, confirming the fertility of the western side of the regional Spargoville shear zone, and adds further confidence of a potential structural offset of the Wattle Dam high-grade shoot. Importantly these results strengthen our geological model, narrowing our search area for future drill programs.'

Summary of Phase-2 Drilling Results and Outlook

The final assay results from Maximus Resources' phase-2 drilling program at the Wattle Dam Gold Mine have shown promising signs of a potential structural offset with elevated gold mineralisation. The company's focus on addressing challenges related to coarse gold mineralisation and obtaining representative samples has been highlighted. The refined target emerging within the structural offset target search area will guide future drilling programs. Maximus Resources aims to prioritize infill resource drilling and development studies while balancing ongoing exploration programs. The company plans to undertake a follow-up (third phase) drill program at Wattle Dam during Q4 CY2024, indicating a proactive approach to further exploration and potential resource expansion.