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Gold

Maximus Resources Reports Positive Metallurgical Test Results for Hilditch Gold Project

Strategic Insights

— 1 min read

Maximus Resources managing director Tim Wither has emphasized the importance of early metallurgical performance testing, highlighting the near-term production potential of its Hilditch Gold Project in Western Australia. Preliminary metallurgical tests have confirmed that the 19,500-ounce Hilditch gold resource is free-milling and can be processed using conventional cyanide extraction methods. The tests, conducted by Intertek Minerals in Perth, showed gold recovery rates ranging from 91.4% to 95.8% through accelerated cyanide leach analysis.

Key Takeaways:

  • The Hilditch Gold Project's 19,500-ounce gold resource is free-milling and can be processed using conventional cyanide extraction methods.
  • Gold recovery rates from initial metallurgical test work ranged from 91.4% to 95.8% through accelerated cyanide leach analysis.
  • Seven composite samples from reverse circulation drill intersections were used for metallurgical testing, representing various gold grades and weathering stages.
  • The project's location near Kambalda, Western Australia, provides ready access to infrastructure and multiple toll-treating options within 60 kilometres.
  • A Flora and Fauna Survey has been completed in preparation for a mining proposal application.
  • Maximus Resources plans to proceed with a drill program this month to upgrade the resource into the higher confidence indicated category.
  • The company may start a development study and submit a Mining Proposal following the drill results.
  • The Hilditch Gold Project's gold mineralisation is linked to structurally controlled contacts between mafic/ultramafic and volcaniclastic units, similar to the Wattle Dam Gold Project.

Statistics:

  • 19,500 ounces: The size of the Hilditch gold resource.
  • 91.4-95.8%: Gold recovery rates from initial metallurgical test work.
  • 7: Number of composite samples used for metallurgical testing.
  • 60 km: Distance to multiple toll-treating options within the project's vicinity.
  • 1 month: Timeline for the drill program to upgrade the resource.

Sources:

  • [1] Maximus Resources Ltd (ASX:MXR, OTC:MXRRF)
  • [2] Proactive Investor

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