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MinRex completes maiden drilling at Wiles prospect ahead of aggressive Sofala exploration campaign
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MinRex Resources has completed its maiden RC drilling campaign at the Wiles Gold Prospect, part of the Sofala project in the Lachlan Fold Belt of NSW.
A total of 794m of drilling was completed across 14 holes with gold assays pending.
Notably, soil sampling at the prospect in 2018 returned strong gold results, including 10.6 g/t and 9.26 g/t, and shallow RC drilling in late 2020 returned 9m at 2.43 g/t gold from 17m and 2m at 2.97 g/t gold from 6m.
MinRex (ASX:MRR) is now working on resource definition, geophysics interpretation and target generation, with an aggressive exploration campaign planned over the next 6 months.
All the hallmarks of gold mineralisation
“We are pleased to have completed Minrex’s first maiden drilling campaign at the Wiles gold prospect,” MinRex chief executive officer Pedro Kastellorizos said.
“We have intersected in all the drill holes quartz veining and sulphide mineralisation (mainly pyrite) associated with moderate sericite alteration which are all the hallmarks of gold mineralisation within the Lachlan Fold Belt.
“We look forward in updating the market as the assay results are received from the laboratory.”
Looking forward
The company’s exploration and project development activities over the next 6 months cover all the prospects that make up the Sofala Project, and include:
- JORC 2012 resource reporting over the Spring Gully Prospect;
- Mt Pleasant prospect geophysics interpretation and target generation;
- Sofala geophysics interpretation and target generation;
- Assay results from the Wiles Gold Prospect RC drilling program;
- JORC 2012 resource reporting over the Surface Hill Prospect;
- JORC 2012 resource reporting over the Wiles Gold Prospect;
- JORC 2012 resource reporting over the Mt Pleasant Prospect;
- RC drilling program at the Queenslander Gold Prospect; and
- Resource extension RC drilling program at the Spring Gully Gold Prospect.
This article was developed in collaboration with MinRex Resources a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
