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Maximus Resources Limited

Publié le 01 novembre 2016

Maiden Gold Resource at Eagles Nest deposit in WA

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Maiden Gold Resource at Eagles Nest deposit in WA

ASX Announcement

1st November 2016

Maximus announces Maiden Gold Resource at Eagles Nest deposit in Western Australia

HIGHLIGHTS‌

  • Maiden Mineral Resource totalling 407,550 tonnes @ 2.04g/t for 26,800 Ozs‌

  • Resource is JORC 2012 compliant

  • Includes Indicated Mineral Resource from surface of 138,200 tonnes @ 1.89g/t for 8,400 Ozs

  • Additional resource drilling program to commence this month to potentially add to the resource

  • Metallurgical ore samples currently being processed

  • Eagles Nest ore intended for mining and processing through Maximus' newly acquired nearby Burbanks gold treatment plant

Maximus Resources Limited (ASX: MXR) is pleased to update shareholders following completion of the company's maiden JORC 2012 compliant Mineral Resource estimate totalling 26,800 ounces on the Eagles Nest deposit, part of its high grade Spargoville gold project south of Kalgoorlie in Western Australia.

The resource is based on 51 Reverse Circulation drillholes completed by Maximus Resources and Ramelius Resources for a total of 5542 metres.

Classification

Tonnes

Au g/t

Ozs

Indicated

138,200

1.89

8,400

Inferred

269,350

2.12

18,400

Total

407,550

2.04

26,800

Table 1: Eagles Nest Mineral Resource estimate by classification (Au > 0 g/t).

Drilling density, continuity and confidence in the upper portions of the Eagle Nest deposit are sufficient to allow this section to be classified as an Indicated Mineral Resource totalling 138,200 tonnes at 1.89g/t gold. The ore body strikes north and dips at 75-80 degrees to the east, and plunges 45 degrees to the north. The ore body currently extends to 240m below surface (See Figure 1). The ore body remains open to the south and down plunge to the north (See Figure 1).

The current defined Mineral Resource estimate is situated entirely on granted Mining Lease M15/1475, held 100% by MXR.

The Company has recently acquired tenement P15/5545 abutting the south boundary of the Eagles Nest Mineral Resource (See Figure 3). A drilling program is planned to commence this month aiming to add further resources and allow an updated Mineral Resource estimate to be calculated for the Eagles Nest deposit.

The Eagles Nest deposit is located on the Spargoville shear, approximately 7km south of the previously mined high grade Wattle Dam gold mine also owned 100% by MXR.

The Eagles Nest deposit is located 60km from the Maximus' recently acquired Burbanks gold treatment plant (See figure 2). Burbanks has a capacity of 180,000 tonnes per annum and is currently being refurbished with an anticipated completion time of Q1 2017.

It is the Maximus' intention to utilise the Burbanks mill to initially toll treat 3rd party ore feed to generate maiden revenues whilst it defines and progresses its own gold resources through the feasibility, approval and production processes, of which Eagles Nest is slated as the first gold deposit for mining.

Figure 1: Eagles Nest Mineral Resource estimate - long section

Figure 2: Location Map

Lire la suite de l'article sur www.publicnow.com

Maximus Resources Limited

PRODUCTEUR
CODE : MXR.AX
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Maximus est une société de production minière d'or basée en Australie.

Maximus détient divers projets d'exploration en Australie.

Son principal projet en production est SELLHEIM en Australie et ses principaux projets en exploration sont YANDAL, BRID IN HAND et ADELAIDE HILLS en Australie.

Maximus est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 68,3 millions AU$ (49,3 millions US$, 43,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 11 décembre 2018 à 0,00 AU$, et son plus haut niveau récent le 18 septembre 2020 à 0,23 AU$.

Maximus possède 2 441 019 904 actions en circulation.

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Projets de Maximus Resources Limited
01/11/2016Maiden Gold Resource at Eagles Nest deposit in WA
05/09/2016Acquisition of Burbanks Gold Processing Facility Completed
14/04/2016Notice of change of interests of substanial holder
01/02/2016Spargoville drilling delivers high grade gold results
27/10/2015Spargoville exploration update
26/10/2015Eagles Nest exploration review highlights potential 19,000 o...
19/10/2015Maximus confirms multiple significant new gold anomalies adj...
22/09/2015Maximus identifies significant new gold anomalies adjacent t...
25/03/2015Monax Mining Limited: Millers Creek drilling commenced
30/01/2014SA's Maximus re-acquiring tenements around its flagship Narn...
19/07/2013(Adelaide Hills)$4 million cash boost through sale of Adelaide Hills holding...
29/07/2011Good results at Narndee (WA) project for Maximus
28/04/2011UPDATE ON MAXIMUS' DELORAINE GOLD PROJECT IN SOUTH AUSTRALIA
03/08/2010(Adelaide Hills)in first drilling on two new gold targets in Adelaide Hills
24/02/2009(Sellheim)eyes profitable gold production in Queensland
08/08/2008(Brid In Hand)Adelaide Hills gold project moves a step closer to redevelop...
29/10/2007(Brid In Hand)New drilling extends strike length for Adel Hills gold proje...
25/09/2007(Brid In Hand)Gold at Bird-in-Hand
13/08/2007(Brid In Hand)High grade shallow gold for Maximus in old Adelaide Hills mi...
Communiqués de Presse de Maximus Resources Limited
01/08/2016Trading Halt
01/08/2016Quarterly Report for the period ending 30 June 2016
05/07/2016Exercise of Options - Appendix 3B
27/06/2016Exploration Update at Narndee Project
15/06/2016Lithium Exploration Update at Spargoville Project
30/05/2016Appendix 3Y – Change of Director's Interest Notice
23/05/2016Maximus Discovers High Grade Lithium in WA
18/05/2016Appendix 3B
16/05/2016Appendix 3B
16/05/2016Entitlement Issue - Notification of Shortfall
10/05/2016Closure of Non-Renounceable Entitlement Issue
02/05/2016Quarterly Report for the period ending 31 March 2016
26/04/2016Entitlement Issue Prospectus and Acceptance Form
20/04/2016Corporate Presentation
20/04/2016Eagles Nest Exploration Update in WA
18/04/2016Entitlement Issue Shareholder Letter
18/04/2016Entitlement Issue Replacement Prospectus
14/04/2016Notice of ceasing to be a substantial holder
14/04/2016Increased Placement Price to Sophisticated Investors
01/02/2016Quarterly Report for the period ending 31 December 2015
29/01/2016Spargoville Project results
22/12/2015Form 603 – Notice of initial substantial holder
21/12/2015Appendix 3Y – Change of Director's Interest Notice
13/12/2015Maximus Security Purchase Plan (SPP) Result
13/12/2015Appendix 3B - New issue announcement, application for quotat...
02/11/2015Quarterly Report for the period ending 30 September 2015
02/11/2015Appendix 4G: Key to Disclosures Corporate Governance Council...
27/10/2015Appendix 3B - New issue announcement, application for quotat...
27/10/2015Issue of Placement Shares – S708A Cleansing Notice
26/10/20152015 Annual Report
19/10/2015Notice of Annual General Meeting and proxy form
18/10/20152015 Annual Report, Notice of Meeting and Sample Proxy
31/08/2015Financial Report for the year ended 30 June 2015
06/08/2015Spargoville project farm-in agreement
06/08/2015MXR secures major farm-in on Spargoville gold project
03/08/2015Quarterly Report for the period ending 30 June 2015
24/03/2015Exploration commences on Maximus' highly prospective Millers...
22/03/2015Maximus commences airborne magnetic survey on Gawler Craton ...
02/03/2015Amended Financial Report for the half-year ended 31 December...
02/03/2015Financial Report for the half-year ended 31 December 2014
16/02/2015MXR secures US$3 million Farm-in Agreement on Gawler Craton-...
16/02/2015Monax Mining Limited: Millers Creek Exploration Update
11/02/2015Millers Creek Farm-In Agreement Signed
11/02/2015MXR: Maximus Secures US$3m Farm-In Deal
26/11/2014Chairman's address to the 2014 Annual General Meeting
26/11/2014Results of 2014 Annual General Meeting
10/02/2014MXR: ASX Annnouncement - Update
03/02/2014MXR:ASX Announcement - Update
11/12/2013MXR:ASX Announcement - Update
12/11/2013derisked for WA focus after first stage $1.5m cash payment f...
23/10/2013MXR ASX Announcement - Update
04/09/2013Updated Website
12/08/2013MXR ASX Announcement - Update
31/07/2013MXR ASX Announcement - Update
22/07/2013MXR ASX Announcements - 19/7/2013
18/03/2013WA's Narndee and SA's Woomera projects target of $1.5m capit...
13/12/2012Woomera access to explore granted to SA's Maximus and ERO
05/11/2012MXR:ASX Announcement Update - 31/10/2012
25/09/2012MXR ASX Announcments Update 25/9/2012
24/09/2012MXR ASX Announcments Update 21/9/2012
18/09/2012MXR ASX Announcments Update 18/9/2012
01/05/2012MXR ASX Announcments Update 30/4/2012
26/04/2012MXR ASX Announcments Update 26/04/2012
07/03/2012MXR ASX Announcments Update 6/3/12
21/02/2012MXR ASX Announcments Update 21/2/12
31/01/2012MXR ASX Announcments Update
04/08/2011Major review by Maximus of WA project identifies 18 signific...
10/05/2011Maximus raises $707,500 to progress Narndee gold prospects i...
12/07/2010New Adelaide Hills gold drilling program
26/08/2009$1.5m SPP for Adelaide Hills gold drilling
29/01/2009 outlines commercial production plans
20/01/2009Significant production increase tipped for North Queensland ...
19/01/2009 sets April date for full scale Queensland production
07/01/2009MXR AUDIO BROADCAST
25/11/2008 Internet "gold rush" as Maximus offers nuggets for electron...
21/11/2008COMMENCEMENT OF SELLHEIM GOLD NUGGET SALES
19/11/2008 gains key gold mining approvals in Queensland and SA
12/11/2008reports encouraging progress at Queensland gold project
02/10/2008Trial Gold production underway at Queensland project
19/09/2008EXCITING BULK-SAMPLING GOLD RESULTS
18/09/2008recommence work at WA uranium deposit
29/08/2008Highly encouraging bulk sampling results at Sellheim Gold Pr...
30/06/2008end-of-year update
10/06/2008reports abundant magnetite in first drillhole at Canegrass p...
09/05/2008Present at the Hard Assets Investment Conference in New York...
13/11/2007RESOURCE ESTIMATION COMMENCED AT SELLHIEM GOLD PROJECT
23/10/2007$9.5 million rights issue announced by Maximus
06/09/2007and Luzenac Australia in Adelaide Hills Talc Exploration Agr...
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