Maximus Resources : Visible Gold in Drill Core - Redback EIS Drilling

Maximus Resources Limited

maximusresources.com

Suite 12, 198 Greenhill Road, Eastwood SA, 5063

ASX:MXR

Maximus Resources Limited

maximusresources.com

Suite 12, 198 Greenhill Road, Eastwood SA, 5063

Maximus Resources Limited

maximusresources.com

Suite 12, 198 Greenhill Road, Eastwood SA, 5063

Maximus Resources Limited

maximusresources.com

Suite 12, 198 Greenhill Road, Eastwood SA, 5063

Criteria

JORC Code explanation

Commentary

Sampling

• Nature and quality of sampling (eg cut channels, random chips, or

• The database of soil-samples, auger holes, RAB, RC and diamond drill-holes for

techniques

specific specialised industry standard measurement tools appropriate

the Spargoville area has been compiled over several decades and via multiple

to the minerals under investigation, such as down hole gamma

owners. The database comprises unverified information coupled with recent

sondes, or handheld XRF instruments, etc). These examples should not

drilling data with higher confidence.

be taken as limiting the broad meaning of sampling.

• With respect to legacy drill-holes, the method of collar survey is not known,

• Include reference to measures taken to ensure sample representivity

however evidence for drilling activity (pads, piles of cuttings) are observed

and the appropriate calibration of any measurement tools or systems

which correlate with the stored drill-hole data. Aircore and RC samples were

used.

collected at set nominal intervals and laid on the ground in rows. Details

• Aspects of the determination of mineralisation that are Material to the

regarding the splitter arrangement and laboratory process are not available for

Public Report.

the entirety of the legacy exploration database.

• In cases where 'industry standard' work has been done this would be

• The legacy drilling data will be used as an indicator and will be followed-up

relatively simple (eg 'reverse circulation drilling was used to obtain 1 m

using best practice drilling, sampling, QAQC, and assaying techniques.

samples from which 3 kg was pulverised to produce a 30 g charge for

• No new assay results are reported in this document, instead initial observations

fire assay'). In other cases more explanation may be required, such as

of the drill-core are described in the context of the known Redback deposit.

where there is coarse gold that has inherent sampling problems.

• The drill-holes intersected the target area as planned and are being submitted

Unusual commodities or mineralisation types (eg submarine nodules)

for assay.

may warrant disclosure of detailed information.

Drilling

• Drill type (eg core, reverse circulation, open-hole hammer, rotary air

• No new drilling results are reported in this document.

techniques

blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple

• The Redback deposit has been drilled with RAB, RC, and diamond-drilling.

or standard tube, depth of diamond tails, face-sampling bit or other

• RBDD008 was drilled HQ3 to 200.8m, and NQ2 to 684.2m.

type, whether core is oriented and if so, by what method, etc).

• RBDD009 was drilled HQ3 to 200.6m, and NQ2 to 650.6m.

• Core was oriented using a Tru-Core device, and the hole was surveyed using a

gyro.

Drill sample

• Method of recording and assessing core and chip sample recoveries

• No new assay results are reported in this document.

recovery

and results assessed.

• With respect to recent and legacy drilling:

• Measures taken to maximise sample recovery and ensure

o Recovery was assessed by comparison of sample volume in rows

representative nature of the samples.

of sample piles.

• Whether a relationship exists between sample recovery and grade and

o No significant variation of recovery was detected, nor voids etc.

whether sample bias may have occurred due to preferential loss/gain

• No significant core loss was reported for the drillholes RBDD008 and RBDD009.

of fine/coarse material.

Logging

• Whether core and chip samples have been geologically and

• No new assay results are reported in this document.

geotechnically logged to a level of detail to support appropriate

• Observations of drill-core, including reported intersections of visible gold and

Mineral Resource estimation, mining studies and metallurgical studies.

alteration domains have been verified by the competent person.

• Whether logging is qualitative or quantitative in nature. Core (or

• With respect to recent and legacy drilling:

costean, channel, etc) photography.

o Geological logging of the drillholes has been executed

• The total length and percentage of the relevant intersections logged.

appropriately and captured in the drill-hole data base.

o Not all of the legacy drill-holes have complete logging datasets.

Sub-sampling

• If core, whether cut or sawn and whether quarter, half or all core

• No new assay results are reported in this document. Samples are in the

techniques

taken.

process of being submitted as half-core samples.

• If non-core, whether riffled, tube sampled, rotary split, etc and

• With respect to recent and legacy drilling:

whether sampled wet or dry.

o Method of sample-splitting at the rig, in legacy drill-holes, is not

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