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Re: News Release - Wednesday, February 28, 2007
Maximus Reports Remaining Assays from Excelsior Springs Gold
Project, Nevada
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Additional mineralization intersected; Follow-up drilling started; 58
new claims staked
Maximus Ventures Ltd. announced today that all assays have been
received from the first phase of drilling at the Excelsior Springs gold
property in Nevada. Maximus previously announced on February 5, 2007 a
high grade intersection of 9.8 g/t gold over 6 meters starting at a
depth of 79 meters in hole EX-2. This zone is included within a larger
intersection of 2.8 g/t over 33 meters. The most significant new
intersection is in hole EX-4, located 100 meters west of EX-2, which
averaged 0.5 g/t gold over 42 meters starting at a depth of 36 meters
(see table). As a result of the very encouraging intercepts, 58
additional unpatented mining claims have been staked since the end of
the first phase of drilling.
"These results are very encouraging and today a second phase of
drilling was started to follow up the initial high grade gold assays
and provide a better understanding of the mineralization controls"
stated Francois Viens, president and CEO of the Company
Geology
The first phase of drilling demonstrated that the geologic environment
can host both shorter higher grade gold zones and longer lower grade
zones. It also demonstrated that the contact between a concealed
limestone unit and other rocks is a favorable control for
mineralization. Assays were as follows:
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From To Length Au
(m) (m) (m) (g/t)
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EX-1 No significant results
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EX-2* 69.7 103.0 33.3 2.8
including 69.7 87.9 18.2 4.7
including 78.8 84.8 6.0 9.8
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EX-3 45.4 62.7 12.1 0.2
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EX-4 36.4 78.8 42.4 0.5
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EX-5 30.3 36.4 6.1 0.61
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EX-6 to 9 No significant results
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* Previously released
Second Phase of Drilling
The strategy of the second phase of the drilling is to:
1. Determine whether the high grade zone in EX-2 is confined to a
linear structure.
2. If there is a linear structure present, determine the strike, dip
and extent of the structure.
3. Determine whether the mineralization also spreads out along the
contact of the limestone with other rocks.
The proposed program will test a 300m length of the mineralized zone
with 1,500 meters of drilling in 11 reverse circulation holes. Hole
locations are shown on the attached map.
Excelsior Springs Property
The property consists of 2 patented mining claims and 100 unpatented
claims. The patented claims are held under a lease with option to
purchase. Costs are $12,000 per year until the start of production,
after which costs are the larger of either $20,000 per year or a 2% net
smelter royalty. The claims and royalty may be purchased at any time
for $300,000. The unpatented claims are held under a purchase option
with total payments over 4 years of $270,000 with a 2% gross sales
royalty.
Quality Assurance/Quality Control
The drill program consisted of 9 angled reverse circulation holes
totaling 1,394 meters. Assaying was performed by ALS Chemex in Reno,NV,
USA using standard 30g fire assay with AAS finish. The sampling
procedures and assay results have been verified by Robert D. Thomas Jr.
CPG and QP for Maximus according to 43-101 instruction.
Forward-looking Statements
This release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address
activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future, are forward-looking
statements. Forwardlooking statements reflect the current internal
projections, expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking
statements are subject to a number of risks and uncertainties,
including those detailed from time to time in filings made by the
Company with securities regulatory authorities, that may cause the
actual results of the Company to differ materially from those discussed
in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on, the Company.
Fran�ois Viens, President
TEL: 450.677.1009
FAX : 450.677.2601
Maximus Ventures Ltd.
TEL: 604.684.6264
FAX: 604.684.6242
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 MAXIMUS VENTURES LTD. (MXV) All rights reserved.
For more information visit our website at
http://www.maximusventures.com/ or send mailto:info@maximusventures.com
Message sent on Thu Mar 1, 2007 at 10:37:44 AM Pacific Time
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