Announcement Date: 2022-10-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rex Minerals Ltd.
Project name: Hog Ranch
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 147.8m at 0.62g/t Au0.0
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: A total of seven drill holes for just over 1,600m have been completed at Krista. These holes (targets) and their collar locations were severely restricted by the very limited area for surface disturbance available. This RC program had multiple objectives, including confirmation to the continuity of the gold mineralisation around the historical open pits, whilst also testing potential extensions to the known gold mineralisation. This includes higher-grade feeder structures at depth. Hole HR22-018 (Figure 1) was completed to test for deeper extensions to the gold mineralisation underneath the historical Krista open pit in addition to possible feeder structures. This drill hole went through open pit back-fill material (historical low-grade ore) which contained an average grade of 0.49g/t gold. This was followed by a section of relatively high-grade gold mineralisation from the base of the historical open pit which intersected 45.7m @ 1.06g/t gold (Figure 2).
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