Total
0
Shares
Rex Minerals (ASX:RXM) - CEO, Richard Laufmann (right)
CEO, Richard Laufmann (right)
Source: Rex Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Rex Minerals (RXM) has received the final outstanding results from its Bells Project in Nevada, U.S.
  • Three additional holes were drilled at the project to identify extensions of a mineralised structure that seems to influence gold mineralisation
  • Drilling passed through the shallow gold mineralisation and the results are in line with historical results
  • Grades peaked at 1.29g/t gold, and Rex is now in the process of designing drilling targets for future programs
  • Rex has ended the day 2.56 per cent in the red with shares trading at 19 cents

Rex Minerals (RXM) has received the final outstanding results from its Bells Project in Nevada, U.S.

An additional three holes were drilled at Bells to identify extensions of a mineralised structure which seems to have an influence on gold mineralisation at the project.

Two of the three holes intersected extensions to the mineralisation with elevated gold levels intersected on the structure.

This information gives Rex increased confidence that a higher-grade section occurs at further depths.

Drilling passed through the shallow gold mineralisation, and the results are in line with historical results.

Best results include 33.5 metres at 1.29g/t gold from surface and 24.4 metres at 0.72g/t gold from surface.

Rex will use these results to revise and potentially increase the JORC mineral resource estimate.

“The published scoping study at Bells is looking better very day and 1.29g/t over 30 metres from surface is a great result,” Managing Director Richard Laufmann commented.

Rex is now in the process of designing drilling targets for future programs.

Rex has ended the day 2.56 per cent in the red with shares trading at 19 cents in a $73.43 million market cap.

RXM by the numbers
More From The Market Herald
White Rock Minerals (ASX:WRM) - CEO & Managing Director, Matthew Gill

" White Rock Minerals (ASX:WRM) eyes $11m for Woods Point

White Rock Minerals (WRM) is set to undertake an equity raising to raise approximately $11 million.
Metalicity (ASX:MCT) - CEO and Finance Director, Justin Barton

" Metalicity (ASX:MCT) hits 77.4g/t east of Leipold

Metalicity (MCT) has intersected up to 77.4 grams of gold per tonne (g/t) 200 metres east of the Leipold Lode within the Leipol…

" Manhattan Corporation (ASX:MHC) shares spike on gold assays from Tibooburra

Manhattan Corporation’s (MHC) shares spiked after releasing
Sunrise Energy Metals (ASX:SRL) - CEO, Sam Riggall

" Sunrise Energy Metals (ASX:SRL) awarded major project status at Sunrise

Sunrise Energy Metals (SRL) has been awarded Commonwealth Government Major Project Status to its Sunrise Battery Materials Complex in NSW.