running on iron ore results, page-13

it's the press release which is further evidence that kev wills is on the ball, I agree , the roadshow he will probably do will really get the stock brokers and analysts onto maximus .
for the record, here's the press release....for easy future reference....cheers fatstocks.

FOR IMMEDIATE RELEASE
Wednesday 23rd April 2008
MAXIMUS SURVEYS REVEAL SIGNIFICANT
IRON ORE TARGETS AT W.A. PROSPECT
Maximus Resources Limited (ASX: “MXR”) will next month launch an extensive
drilling program on its Canegrass iron ore-vanadium prospect near Windimurra in
Western Australia, after detailed surveying identified several significant new iron ore
targets.
Maximus said today that recently concluded detailed gravity and high resolution
aeromagnetic geophysical surveys over the Canegrass prospect had revealed a
series of significant gravity anomalies along the 20-kilometre-long zone.
The Canegrass prospect is located within the Company’s Narndee Project in WA’s
booming Mid-West iron ore province and is immediately to the west of the
Windimurra Vanadium Project.
“The whole zone was found to consist of a gravity high, with five significant gravity
anomalies present along the trend,” Maximus Resources’ Managing Director, Dr
Kevin Wills, said today.
“Interestingly, these anomalies lie to the west and the north of areas with known
magnetite exposures and, to our current knowledge, none have been effectively
tested by any previous exploratory drill-holes in the area,” he said.
Maximus said its wholly-owned Canegrass Prospect – part of the extensive
Windimurra layered magnetite gabbro complex – had high potential for coarsegrained
magnetite, with early non-JORC compliant interpretations suggesting the
potential for 100-120 million tonnes of the resource.
Following a reconnaissance reverse circulation (RC) drilling program that confirmed
the presence of widespread magnetite-bearing gabbro late last year, Maximus
conducted the first detailed gravity and high-resolution aeromagnetic surveys of the
area in February and March.
“Existing gravity coverage of Windimurra was limited to regional surveys with line
spacing of 7 kilometres or more, which is of no use for targeting iron ore,” Dr Wills
said.
“We undertook a new 500-metre spaced gravity survey over the whole Canegrass
zone, which discovered significant gravity anomalies of up to 5 milligals.”
issued through
FIELD PUBLIC RELATIONS PTY LTD ABN 74 008 222 311
231 South Road, MILE END SA 5031
Ph: 08 8234 9555 Fax: 08 8234 9566
[email protected]
Maximus is now conducting geophysical modelling of its latest data, as well as
comparative studies of rocks from its RC drill chips and those from diamond cores
drilled by WMC Resources in the 1970s and stored by the WA Department of
Industry and Resources.
Drilling program to start next month
“The most interesting target area is about 4 kilometres long and 1-2 kilometres wide,
and it is planned to drill at least one diamond hole of 500-600 metres to properly test
this target,” Dr Wills said.
The Company is also planning to commence a more comprehensive RC drilling
program to determine the content of vanadiferous magnetite under the gravity
anomalies in the layered gabbro complex.
“Drill rigs have been contracted to commence as soon as heritage and work
approvals are obtained – probably in mid to late May,” Dr Wills said.
“It is anticipated that this drilling program will lead to a better understanding of the
iron ore potential and will enable Maximus to focus on the most likely area that could
contain a significant resource at Canegrass,” he said.
MEDIA CONTACTS:
Dr Kevin Wills Kevin Skinner
Maximus Resources Field Public Relations
(08) 8132 7960 / 0419 850 997 (08) 8234 9555 / 0414 822 631