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Rex Minerals Ltd.
Summary
| Project: | Hog Ranch | |
|---|---|---|
| Deposit: | Hog Ranch | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-9-2019: Rex Minerals Ltd. announces a Resource Estimation report for its Hog Ranch deposit at the Hog Ranch project. Initial mineral resource estimate for project. Rex Minerals Ltd (Rex or the Company) has completed a maiden Inferred Mineral Resource es | |
| Resources: | (Resource, Inf.): 44Mt @ 0.6g/t Au at project | |
| CP/QP: | [Resources]: Steven Olsen (Internal) | |
| ABSTRACT: | Rex Minerals Ltd (Rex or the Company) has completed a maiden Inferred Mineral Resource estimate for Hog Ranch located in Nevada, USA. The Inferred Mineral Resource is based on a large historical drilling database containing a total of 2,678 drill holes. A large percentage of this historical drilling at Hog Ranch was completed by Western Mining Corporation (WMC) who operated an open pit and heap leach operation there from 1988 through to 1991. Rex Managing Director Mr Richard Laufmann said, “the acquisition of Hog Ranch and the rapid delivery of a maiden Mineral Resource of over 800,000 ounces of gold (the documentation and reporting of which has been independently peer reviewed by Peter Stoker of AMC Consultants Pty Ltd), demonstrates how positively we view Hog Ranch and its potential.” “Hog Ranch offers Rex investors immediate exposure to the gold sector in one of the world’s most well‐ endowed gold regions. Nevada is a proven destination for successful gold exploration, discovery and production.” “The current database of 2,678 drill holes, which is included within the Mineral Resource estimate, has a total combined length of over 200,000 metres. At replacement, this drill data base alone would cost over A$30M,” Mr Laufmann said. | |
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