Join our daily newsletter At The Bell to receive exclusive market insights
- 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.
