Maximus focuses on WA’s Mid-West iron ore province

02 October 2007 | 05:32 Code : 15497 Geoscience events
Adelaide-based multi-commodity explorer, Maximus Resources has announced...
Maximus focuses on WA’s Mid-West iron ore province

  Adelaide-based multi-commodity explorer, Maximus Resources has announced a new focus on Western Australia’s booming Mid-West iron ore province.Maximus, which earlier this year gained 90 to 100 percent control of the extensive 5,500sqkm Narndee-Windimurra tenement package in WA, has outlined an immediate focus on two magnetic anomalies, each about 18km long, in WA’s Mid-West region.The company’s Managing Director, Dr Kevin Wills said Maximus planned to investigate the iron, vanadium and titanium potential of the Windimurra layered mafic complex.“As part of our investigations of the various mineral occurrences within the Narndee-Windimurra tenements, we recognised the potential for significant quantities of coarse grained magnetite,” Dr Wills said.“Separation of such coarse grained magnetite has been shown to be a low cost method of producing a magnetite concentrate. “Based on mineral indications from site to date, Maximus will now estimate the iron, titanium and vanadium potential of the project,” he said.Maximus’ initial iron ore work programs will focus on the 18km-long Canegrass magnetic anomaly and part of the 35km-long Shephards Zone, the northern portion of which hosts Precious Metals Australia’s Windimurra vanadium deposit.Maximus has collected 335 surface rock-chip samples from the Canegrass and Shephards prospects, which returned analytical values averaging 52 percent iron, 13 percent titanium dioxide and 1.2 percent vanadium pentoxide.Maximus has estimated that the combined target potential at the Canegrass and Shephards prospects could amount to 160 to 200 million tonnes of magnetite rock to a vertical depth of only 30 to 40 metres.

tags: QAZVIN

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