The Pilbara gold rush continues with latest MinRex find
Mining & Resources
Special report: Gold and base metals explorer MinRex Resources continues its successful streak out in the Pilbara.
The company (ASX:MRR) today announced the final assays for the recent sampling at their two Marble Bar projects in WA.
MinRex reported assay results of up to 105.9 grams of gold per tonne with an average of 6.0 grams per tonne across 20 samples at their Marble Bar north project.
At Marble Bar South, assays returned up to 37.7 grams of gold per tonne with an average of 2.0 grams of gold per tonne.
Keep in mind, anything above 5 or 6 grams per tonne is considered a high-grade gold find.
The news follows on from last week when the company announced “excellent” results from their Bamboo Creek project – the biggest of their four Projects in the east Pilbara region.
MinRex acquired exploration licences for both projects earlier this year, along with the Daltons projects and gained a strategic investor in Artemis Resources, the miner that kicked off a West Australian nugget rush, in the process.
The Pilbara region has been a major focus for investors since mid-2017 when Artemis and Canada’s Novo Resources announced a major gold nugget find at their Purdy’s Reward site south of Karratha, Western Australia.
Followers of the Pilbara gold story will note that the prestigious Denver Gold Forum took place in Colorado this week.
MinRex says these most recent results highlight the prospectivity and potential of the project areas.
It now has plans to visit all four of the Marble Bar surrounding projects to conduct geological mapping in the coming weeks.
This special report is brought to you by MinRex Resources.
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