| 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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