Maximus Resources Ltd (ASX:MXR) MD Tim Wither tells Proactive the company has extended its gold inventory at Spargoville in Western Australia to 320,600 ounces thanks to a 250% increase in resources at the Wattle Dam Gold Project to 251,500 ounces.
He says theres considerable potential for more growth across what he says is a large gold mineralised system. Wither adds that 61% of the resource sits in the higher confidence indicated category providing a firm foundation for future development studies.
Wither said We are pleased to achieve 251,500 ounces of gold resources at our Wattle Dam Gold Project, which increases the companys mineral resource base to 320,600 ounces.
"Importantly 61% of the updated Wattle Dam Gold Project resources are in the higher confidence indicated category, totalling 153,200 ounces of gold, providing a strong foundation for future development studies.
Wattle Dam Project is part of MXRs 114-square-kilometre Spargoville mineral tenements, 25 kilometres from Kambalda in the WA Goldfields and is on granted mining tenements.
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Maximus Resources Ltd
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