- Rex Minerals (RXM) receives further assay results from its recently completed drilling program at its Airport Project in Nevada
- Six holes were drilled to test multiple targets identified via modelling of 3D induced polarisation data
- Best results come from hole HR21-012 which intersected broad gold mineralisation and intersected up to 8.61 grams of gold per tonne (g/t)
- Rex says these results are extremely encouraging and indicate further large-scale gold mineralisation at Airport
- Rex is down 1.72 per cent on the market with shares trading at 28.5 cents at 1:02 pm AEST
Rex Minerals (RXM) has received further assay results from its recently completed drilling program at its Airport Project.
The Airport Project is situated within the company’s Hog Ranch Gold Property which lies in northwest Nevada, roughly 270 kilometres north of the town of Reno.
Six holes were drilled to test multiple targets identified via modelling of 3D induced polarisation (IP) data.
Best results come from hole HR21-012 which intersected broad gold mineralisation along a north-south trending and steeply dipping fault.
New results include 56.4 metres at 2.12 grams of gold per tonne (g/t) from 54.9 metres including 12.2 metres at 3.86g/t gold from 57.9 metres and 4.6 metres at 8.61g/t gold from 88. 4 metres.
These results are extremely encouraging and indicate further large-scale gold mineralisation at Airport.
CEO and Managing Director Richard Laufmann is pleased with the results received.
“Two new discovery holes from three new targets is an outstanding result from a drill program testing targets generated by our 3D IP survey,” Mr Laufmann said.
“This six-hole program, testing a 20 hectare area at the Airport Project, gives us solid evidence that the Airport Project area can grow to become another significant deposit at Hog Ranch.”
Rex was down 1.72 per cent on the market with shares trading at 28.5 cents at 1:02 pm AEST.