Reported that exploration and resource drilling at BIH was suspended pending completion of ground water testing programs which form part of pre-feasibility investigations aimed at assessing the viability of a new underground mine at BIH
August 8, 2008
Reported the following:
• Indicated and Inferred Resources totalling 598,000 tonnes at 12.3 g/t containing 237,000 ounces of gold.
• Positive scoping study leads to commencement of pre-feasibility study.
August 8, 2008
Maximus Resources reported results of a new resource estimate on the Bird-in-Hand past-producing gold mine in South Australia. Based on data from additional drilling since June 2007, the new estimate consists of an indicated resource from 340 to 220 metres RL and an inferred resource from 220 to 20 metres RL and totals 598,000 tonnes at an average gold grade of 12.3 g/t. Contained gold is 237,000 ounces which is 46% above the previously released 162,000 ounces.
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