Rex Minerals boosts gold resource 60% at Hog Ranch
(Kitco News) - Rex Minerals announced today a significant update to the mineral resource estimate at the Hog Ranch gold property in Nevada, USA.
According to the statement, the combined mineral resource estimate at Hog Ranch has increased by just over 60%, up from 1.4Mozs to 2.26Mozs.
The company said that the shallow, oxidised mineral resources at Bells and Krista are over 2Mozs. A higher-grade core at both Bells and Krista has been identified (cut-off grade of 0.4g/t) for a combined 54Mt @ 0.65g/t gold for 1,130kozs, which will drive the next stage of economic studies at Hog Ranch. The total indicated resource has tripled, from 180kozs to 560kozs.
Managing Director Richard Laufmann commented, "Any way you cut it, this is a great result. We have again moved the dial in a very meaningful way, with over 2 million ounces of shallow oxide material in resource."
Headquartered in Australia, Rex Minerals is an exploration and development company with projects in South Australia and Nevada, USA. Rex has the Hillside copper-gold development project in South Australia and the Hog Ranch gold property in Nevada, USA.