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Rex Minerals Ltd.
Summary
| Project: | Hog Ranch | |
|---|---|---|
| Deposit: | Hog Ranch | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-5-2020: Rex Minerals Ltd. announces a Resource Estimation report for its Hog Ranch deposit at the Hog Ranch project. Updated Mineral Resource Estimate for Project. A combination of factors have resulted in a substantial upgrade to the Mineral Resource | |
| Resources: | (Resource, I+I): 97.6Mt @ 0.45g/t Au at project | |
| CP/QP: | [Resources]: Steven Olsen (Internal) | |
| ABSTRACT: | A combination of factors have resulted in a substantial upgrade to the Mineral Resource at Hog Ranch. This has included a more refined interpretation of the geology in the northern Project area, the inclusion of sulphide material as part of a potential open pit heap leach option based on recent and historical metallurgical test work, improved prospects for the gold price and a lower cut-off grade which matches the natural geological distribution of the interpreted gold mineralisation. In addition, Rex has been able to compare the new block model against the historical production records to further test the validity of the data which was used to create the updated Mineral Resource. Within the Hog Ranch Property area there are two distinct types of gold mineralisation (oxide and sulphide). The oxide horizon makes up the majority (~93%) of the Mineral Resource and is anticipated to have recoveries in line with the historical test work and historical mining at Hog Ranch in addition to some recent metallurgical test work completed at Bells (see announcement of 6 February 2020). | |
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