- Fully funded 2026 drilling program at the Barje deposit
- Barje the cornerstone of company’s flagship Tlamino gold project
- Significant intercepts reported from previous drilling at Barje
- Fully funded 7,000m drilling program underway
Minrex Resources (ASX:MRR) is targeting a resource upgrade with drilling within the North-Eastern contours of the Barje deposit in the cornerstone of the Tlamino gold project in Serbia.
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The current program is the first drilling at Barje in approximately seven years after the project’s previous owner, Medgold Resources, and the first conducted by Minrex.
Despite this hiatus, historical drilling at Barje returned consistent, shallow, high-grade gold–silver intercepts that underpin the existing mineral resource and highlight the deposit’s continuity and expansion potential.
The program was designed to convert inferred mineral resources to the Indicated category and underpin an updated economic study.
CEO, Max Piirto, said the program is the first catalyst in a planned sequence of 2026 milestones, with initial assays targeted for the September quarter and an updated mineral resource estimate (MRE) and refreshed scoping study targeted for around year-end.
“The commencement of drilling at Barje is a pivotal moment for Minrex and represents the first drilling at the deposit since the 2018–2019 program,” he said.
“We are beginning with infill drilling in the north-eastern region of Barje, where shallow, high-grade gold-silver mineralisation has already been intersected.
“By tightening drill spacing across the deposit, the program is designed to lift confidence in the resource and support its conversion from the Inferred to the Indicated category.
“The near-surface, high-grade Barje Deposit is exactly the kind of asset we want to be advancing, and we look forward to delivering a steady flow of results to shareholders as the program progresses.”
Barje hosts a near-surface, high grade inferred mineral resource of 670,000 ounces of gold equivalent (Au Eq) at 2.9 grams per tonne (g/t) Au Eq.
The fully funded drilling program is of approximately 7,000m.
MRR is down 3.23% to 1.5¢. Mkt cap $33.21M.
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