News: Maximus Resources hits high grade copper and zinc at Narndee

Maximus Resources (ASX:MXR) has revealed further significant assay results from recently completed drilling on the Narndee poly-metallic project in the Murchison region of Western Australia.

New assay results include 1 metre at 3.83% copper from 61 metres, 1 metre at 1.63% zinc from 74 metres, and 10 metres at 0.46% copper.

The program was designed to test new targets identified during the Induced Polarization survey completed earlier in the year, in addition to testing previously identified targets to a depth of 210 metres.

Results confirm the existence of at least two poly-metallic structures that appear to be separated by fault structures, as identified in the initial investigation phase in 2011.

Maximus is now planning further ground electromagnetic investigation to determine the extent of the system, followed up by additional drilling to test the lateral and depth extent of these new poly-metallic systems.

The company also controls numerous copper and gold projects in South Australia, including joint venture interests over 2,342 square kilometres within the Olympic IOCG province on the Gawler Craton.

Maximus retains around $600,000 in cash and is lightly valued at under $2 million.