Maximus Ventures Ltd. - Larder Lake

Project Summary
The discovery at Larder Lake, announced in November 2007, of new high grade mineralization confirms the presence of a multi-kilometer long geologic sequence with the potential to host a series of high grade gold deposits.

On March 31, 2008 Maximus announced the highest gold grade intersected to date in the Bear Lake area of Larder Lake. Hole #35 intersects 18.3 g/t Au over 4.8 m, including 163.5g/t Au over 0.5m

On June 4, 2008 Maximus announced that it had intersected new high gold grades in the Bear Lake area. Hole #44 intersects 13.6 g/t Au over 15.1 m, including 41.9 g/t Au over 4.4 m.

Maximus is currently completing a 43,000 m drilling program at Larder Lake to aggressively follow-up on the impressive intercepts. Their are currently three drills working on Bear Lake.

(see highlights of assay results below)

Click on image to enlarge

Visible gold in core from Bear Lake #44

Project Highlights:

The Larder Lake Project is located in eastern Ontario, just east of the town of Larder Lake in McVittie and McGarry Townships. (see location map below)

Mineral rights are controlled by NFX Gold Inc. and cover about 10 square kilometers, including the Cheminis mine. (see map of the NFX property below)

Maximus has earned a 60% joint venture interest in the NFX interest in the Larder Lake property by expending $6 million on exploration and on June 13, 2008 Maximus and NFX announced agreement to combine companies.

The Larder Lake Property is on the Kirkland Lake-Larder Lake break, a regional fault zone that controlled the location of numerous former gold mines, including the Kerr Addison mine (11 million ounces of gold produced at a grade of 0.29 oz Au). The Kerr Addison mine is located about 5 kilometers east of the Larder Lake Property.

In 2007, excellent exploration results from Fernland and Bear Lake claims were reported, including newly discovered gold zones. 9,940 meters of drilling were completed.

Larder Lake Location Map

Larder Lake Location Map

TABLE 1 - Highlights of Larder Lake Assay Results -- Bear Lake Area

Hole no.          From	 To    CoreLength   Au     Mineralization Type                           
                  (m)      (m)      (m)      (g/t)
NFX08-29  	435.5	489.0	53.5	0.3	Carbonate-type; 5% Py
					
NFX08-38  	555.2	558.1	2.9	6.5	Flow-type; 3-5% Py
Including  	555.2	557.1	1.9	8.9	
					
NFX08-44*  	685.7	700	15.1	13.6	Carbonate-type: 3-5% Py
Including  	692.6	697.0	4.4	41.9	
Including  	692.6	693.1	0.5	338.5	
					
NFX07-11  	587.5	592.7	5.2	10.4	Carbonate-type; 1-2% Py
Including  	588.0	589.5	1.5	20.8	
	         664.6	674.8	10.2	8.0	Flow-type; up to 30% Py
Including  	667.0	673.0	6.0	13.3	
Including  	668.8	673.0	4.2	18.6	
					
NFX07-14  	470.9	479.8	8.9	0.5	Carbonate-type; 1-5% Py
	         647.5	652.7	7.0	0.5	Flow-type; up to 20% Py
					
NFX07-15  	593.0	598.5	5.5	1.2	Carbonate-type; tr-1% Py
	         701.0	711.7	10.7	3.9	Flow-type; up to 25% Py
Including  	705.6	709.7	4.1	7.0	
					
NFX07-16 	658.0	664.0	6.0	1.8	Flow-type; 3-5% Py
Including  	662.2	662.7	0.5	4.2	
					
NFX07-17A  	600.5	601.0	0.5	12.2	Graphitic Fault Zone
	         686.5	691.3	4.8	6.0	Carbonate-type; 2-3% Py
Including  	690.0	691.3	1.3	9.7	
	         736.9	745.0	8.1	4.9	Flow-type; 2-5% Py
Including  	738.0	741.0	3.0	11.4	
					
NFX08-35 	137.8	142.6	4.8	18.3	Flow-type; 2-10% Py
Including  	137.8	138.3	0.5	163.5	

Holes # 26 to 28, 31, 32, 34, 36 and 39: No significant gold value
Holes #33, 37, 40 and 41: Abandoned due to technical problems before reaching their respective targets

*Results from other parts of hole #44 are pending

The following table shows highlights of the Fernland assay results.

Hole no.	From  	 To    Length    Au       Mineralization Type
                (m)      (m)	(m)     (g/t)
	
NFX07-12*					Hole abandoned
					
NFX07-13*	177.0	183.0	6.0	13.1	"Flow"-type;  5 to 25% Py
Including	177.0	180.0	3.0	19.9	
					
NFX07-18	198.0	219.0	21.0	0.5	"Flow"-type;  3 to 10% Py
	        198.8	209.5	10.7	0.7	
					
NFX07-19	250.7	273.6	22.9	0.5	"Flow"-type;  5 to 15% Py
Including	257.0	258.5	1.5	5.9	
					
NFX07-20	406.7	412.5	5.8	1.2	"Flow"-type;  5% Py
	        406.7	408.0	1.3	3.1	
					
NFX07-21	247.0	247.8	0.8	2.1	Qz-carb veinlets
	        282.0	283.0	1.0	28.1	Qz veinlets + v.g.
					
NFX07-22	534.2	535.4	1.2	5.8	Qz-carb veinlets + 1-5% Py
	        549.0	552.0	3.0	1.6	Qz veinlets + 5-10% Py
including	550.3	551.4	1.1	3.2	
				
NFX07-23 : No significant assay result

Geology
The geology of the area consists of Archean greenstone lithologies, including clastic rocks and various mafic volcanic flow rocks. Gold mineralization at Larder Lake, and in other mines outside the project area, is hosted mostly in altered mafic volcanic flow rocks and in zones of strong carbonate alteration. Most of the larger deposits are close to or within zones of strong faulting.

The flow ores in mines in this area are reported by M. J. Downes (Structural and Stratigraphic Aspects of Gold Mineralization in the Larder Lake Area, Ontario; In: 1980, Ontario Geological Survey Miscellaneous Paper 97, p. 69) to be in pyritic hyaloclastites and the gold is in the pyrite. In the zones of carbonate alteration, gold occurs as free gold grains within quartz veins in the larger carbonate altered zones. Grades in the flow ores are generally of higher grade and more continuous than gold in the carbonate altered zones and there are several different styles of mineralization in each of the two principal ore types.

Map and Long Section reproduced with permission of NFX Gold Inc.

NI43-101 Technical Report: Larder Lake Property
Published by: MRB & Associates
Author: Tracy Armstrong P.Geo
Martin Bourgoin P.Geo
View this report
View Consent Letter - Tracy Armstrong P.Geo
View Consent Letter - Martin Bourgoin P.Geo