MXR 2.17% 4.5¢ maximus resources limited

I assume you are talking about this long section here, and the...

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  1. 5,078 Posts.
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    I assume you are talking about this long section here, and the area at the Southern End of this block model long section within the blue dashed box?

    https://hotcopper.com.au/data/attachments/6503/6503454-e90b454fe19961b21e5d6747de20a07d.jpg
    You are correct that it does seem passing strange to me that considering how small and shallow this is why they couldn't bang a few drill holes on 50m spaced sections to at least get some easy tonnes, we can see that MXENRC050 was recently drilled and has a decent intersection. From this long section, I can also see that hole ENRC0042 does seem to close this off a bit to the south and judging by the number of drill holes on that same section with rather weak mineralization its obvious that a previous explorer has drilled the bejesus out of that section line, although that's not to say that sample return or sample quality issues might exist in that older drilling?

    The other issue you suggest is the "saw tooth" shape at the bottom of the yellow and red block model shape, are you suggesting that there are deeper drill holes that are barren that constrain this block model at depth but are not shown on this long section?Looking at this long section things certainly still look to be decent grades and widths at the northern end with historical hole ENRC0053 and ENRC0048, again the question is why not more RC drilling along strike from these drill holes? There is a bunch of shallow drill holes just at the northern end of the long section without Hole IDs but they seem to have attributable Au G * m colour coding on them although from the plan they look to be drilling from west to east, so probably drilling down-dip and not an ideal orientation.


    As for hole MXENRC043 - I can see that they chose this hole as a cross-section line Section A-A' (and that's fair enough - it's the highest grade recent hole with assays), but when the casual viewer looks at that cross-section the first thing that springs to mind is but how hard would it have been to bang another hole in front of hole MXENRC043? I mean the drill rig was right there recently?

    https://hotcopper.com.au/data/attachments/6503/6503610-2f0a56410ba74699515e52b35a0c0c9e.jpg



    Both the long section and the plan model pictures look a little "tight"/ constrained or zoomed in too close to give the reader an appreciation of whats along strike or down dip, I don't know enough about the company to say if that's an accident of history, or a more deliberate attempt to hide info from the reader, but this does strike me as a lot of drilling over a very small area, so I am guessing that there is a bit of variability and complexity in this mineralization? The more recent Maximus holes also seem to be seeing much better grades and/or thickness of Au compared to some of the historical drill holes even though they are almost twin drill holes of earlier drilling - hole MXENRC046 is a classic example of this as is the previous Maximus drill holes MXENRC04 and MXENRC05 with stonking gram x metre numbers compared to earlier drilling only metres away.

    Plan view with my comments stuck on:

    https://hotcopper.com.au/data/attachments/6503/6503606-1458d051d0b2ce440340f79c97ad0f67.jpg



    Look this isn't bad compared to a lot of other ASX announcements, but I think a bit more detail in the maps, cross-sections, and long sections might answer some questions.

    Have only just started to look at this closely, but assume no closer mill than St Ives to treat this? Not looking like enough tonnes yet to justify a standalone new mill. Good to see some initial Met test work happening.


    Last edited by eastwest101: 02/10/24
 
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