- Maiden reverse circulation (RC) drilling was a highlight for MinRex Resources (MRR) over the three months to December 31, 2022
- The company drilled nine RC holes for 1159 metres over its Western Australian Tambourah North project in December last year
- MinRex also completed a first-pass RC drill program over the nearby Talga project
- MinRex’s RC drilling production totalled 3984 metres for the quarter, with the company aiming to continue its “aggressive” push in 2023
- MRR shares ended Wednesday afternoon in the green by 8.82 per cent, trading at 3.7 cents
MinRex Resources (MRR) vows to continue its “aggressive” exploration program in 2023 following the completion of maiden reverse circulation (RC) drilling at the Tambourah North project during the December quarter.
The company completed nine RC drill holes for 1159 metres over the WA lithium project in December last year, bearing “trying conditions”.
MinRex drill tested the Zone 1 area’s surface-rich pegmatites hosted within the Apex Basalt. Exploration results announced in April last year from drill hole MRR028 indicated 2.56 per cent lithium oxide, 1.59 per cent lithium, 1.293 parts per million rubidium and 40 parts per million tantalum.
The December quarter was also highlighted by the completion of a first-pass RC drill program over the Talga project, also in WA.
The program included 39 RC holes for a total of 2825 metres. Drilling targeted highly anomalous lithium assays from soil samples containing up to 477 parts per million lithium oxide, dating back to 2017.
MinRex’s RC drilling production totalled 3984 metres for the three months to December 31, 2022.
“The quarter yielded a major drilling milestone for MinRex achieving just shy of 4000 metres,” MinRex Resources Managing Director George Karageorge said.
Mr Karageorge said the company aimed to continue its “aggressive” push in 2023.
“MinRex will maintain an aggressive exploration program in 2023 and is currently reviewing multiple opportunities for potential lithium partnering and acquisitions on a Western Australian and global platform thanks to our highly lucrative cash position of over $13 million.”
MRR shares ended Wednesday afternoon in the green by 8.82 per cent, trading at 3.7 cents.