MXR 1.96% 5.0¢ maximus resources limited

its alive....its alive....

  1. 6,005 Posts.
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    Good News.

    But not the news i was hoping.

    Still, its a pretty decent result.

    Maximus moves closer to a Bird-in-Hand mine
    10:01, Tuesday, 4 March 2008

    Sydney - Tuesday - March 4: (RWE Aust Business News) - Maximus
    Resources (ASX:MXR) has moved closer to a new mineable gold resource near
    its Adelaide Hills mine, South Australia.
    The BH-42 hole at the Bird-in-Hand has intersected a true width
    of 10.5 metres at 400m depth and averaging 15.5 grams per tonne gold.
    "The result implies the potential to increase the total gold
    resource at Bird-in-Hand to the previously targeted 200,000 to 250,000
    ounces of gold," managing director Kevin Wills said.
    "We now have every confidence of commencing by mid year, a
    pre-feasibility study into the development of a commercial gold mining
    operation at Bird-in-Hand."
    Included in the intersection were intervals of 2m at 28g/t from
    380m and 3.2m at 38g/t from 385.9m.
    This is the deepest hole so far and one of the widest mineralised
    intervals.
    This is indicative the lode may continue to increase in width
    with depth.
    ENDS

    Copyright © 2008 RWE Australian Business News. All rights reserved.

    Cheers markco2
 
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