- Minrex Resources (MRR) intersects up to 11.86g/t gold from its first pass reverse circulation drilling program at the Queenslander Gold Prospect in NSW
- From October to November, seven reverse circulation holes were drilled to test the historical high-grade targets within a broad gold mineralisation corridor
- Drilling was also undertaken to intersect the high-grade gold identified from geological interpretations
- Minrex is encouraged by the results and further work programs have been planned
- Minrex finished the day in the red, falling by 7.46 per cent to 6.2 cents
Minrex Resources (MRR) has intersected up to 11.86 grams of gold per tonne (g/t) from its first pass reverse circulation drilling program at the Queenslander Gold Prospect.
The Queenslander Prospect is part of Minrex’s Sofala Project, which lies 260 kilometres northwest of Sydney.
From October to November, seven reverse circulation holes, for 686 metres, were drilled to test the historical high-grade targets within a broad gold mineralisation corridor.
Drilling was also undertaken to intersect the high-grade gold identified from geological interpretations.
Results include 10 metres at 4.74g/t gold from 69 metres including three metres at 11.86g/t gold from 73 metres, and 23 metres at5.08g/t gold from 64 metres including four metres at 9.28g/t gold from 83 metres.
Minrex is encouraged by the results, and further work programs have been planned.
The gold mineralisation extends a strike of more than 350 metres and remains open in mainly a northwest-south direction.
“These are spectacular results, with some very high-grade intercepts further adds excitement to the Queenslander prospect,” CEO Pedro Kastellorizos said.
“The thick high-grade gold lodes show significant strike and down dip with strong gold mineralisation delineated at depth which warrants further RC drilling to the north and south of the current drilling area.”
“As part of the identification of the gold mineralisation delineated, we recorded strong magnetic susceptibility readings within the gold mineralised lodes. These magnetic zones are closely associated with pyrite alteration that can be used as a targeting tool to delineate undiscovered gold mineralisation through magnetic surveys.”
Minrex finished the day in the red, falling by 7.46 per cent to 6.2 cents.