Announcement Date: 2022-12-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rex Minerals Ltd.
Project name: Bells
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 32m at 0.71g/t Au, from 3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Rex Minerals Ltd (Rex or the Company) completed orientation soil sampling surveys in late 2021 (see Rex ASX announcement of 30 March 2022) which highlighted the effectiveness of a modern and consistent soil sampling process when compared with the older soil sampling data undertaken by previous explorers at Hog Ranch. This prompted Rex to undertake a new large-scale soil sampling program based on XRF analysis for key gold pathfinder elements and conduct laboratory-based gold analysis. It is recognised that some pathfinders provide a better indicator of the gold system as they can exist at shallow levels within an epithermal system above the potential gold position where the gold is not exposed on the surface.
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