ASX-listed WA junior explorer, Maximus Resources has kicked off a round of reverse circulation drilling at one of its promising gold projects as it looks to uncover a replica of the rich former Wattle Dam gold mine within its Spargoville tenement package about 25km from Kambalda. The planned 1,500m of resource extension and infill drilling slated for the Larkinville deposit forms part of the company’s larger 4,000m RC campaign that is testing several of its near-mine and regional exploration gold targets across the Spargoville area.
The Larkinville project already sits on a granted mining lease and hosts a shallow, mainly oxide resource of 119,700 tonnes at an average grade of 3.02 grams per tonne for 11,600 ounces of contained gold.
It lies about 5km south-west of the company’s Wattle Dam project that also falls under the Spargoville umbrella.
The Larkinville drill program is designed to improve Maximus’ confidence in the mineral resource estimate with 20m-by-20m-spaced infilling.
Management says drill samples will be used for metallurgical test work and drilling and metallurgical data will go towards an upcoming study on a possible near-term development.
Some of the Larkinville RC holes will test for potential down-plunge extensions of previous high-grade drill intersections including 20m grading an average 3.1 g/t from 30m, 13m going 5.2 g/t from 34m and 2m at 6 g/t from 46m gold.
The Larkinville indicated and inferred resource is located proximal to the north-west-trending Kunanalling shear zone, with a strike length of about 300m to a current depth of about 80m below surface. The ore zone dips at 65-70 degrees to the south-west.
Maximus says gold mineralisation remains open along strike and at depth to the north and the drilling will also probe for potential extensions along strike and down dip.
RC drilling at the Yilmia project, also part of the 4,000m Spargoville program, has been completed and assay results are pending.
The company hopes to unearth at Yilmia a repeat of Toronto Stock Exchange-listed Karora Resources’ 130,000-ounce Spargo’s Reward gold deposit, to the south of Yilmia, along an interpreted host shear zone.
The shear zone occurs 16km north of the former Wattle Dam high-grade gold mine that Maximus now owns.
Ramelius Resources produced 266,350 ounces of gold at Wattle Dam from open-cut and underground ore that yielded a stellar grade averaging 10.6 g/t gold from 2008 to 2012.
Maximus’ Spargoville ground takes in the former Wattle Dam mine and includes 48 square kilometres of granted mining licences across the auriferous Spargoville shear zone.
It also sits within 50km of half a dozen gold processing plants.
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