Australia's Maximus Resources rises on visible gold finds at WA prospect

Maximus Resources

15/12/2021 01:26

** Shares of mineral explorer Maximus Resources  MXR.AX 
rise as much as 19% to A$0.069, set for their best day since
Oct. 12
    ** Co observes multiple occurrences of visible gold from
diamond drilling at Redback gold deposit in Western Australia,
which is co-funded by WA govt under the Exploration Incentive
Scheme  urn:newsml:reuters.com:*:nASX87cCnX
    ** Says results increase confidence that Redback has
near-term potential to be developed into another high-grade gold
mine 
    ** Shares hit their highest since Nov. 25
    ** Volumes are 4.6 times the 30-day average of 849,920
shares
    ** As of last close, stock up 62.6% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))