PERTH (miningweekly.com) – Junior Rex Resources has nearly doubled the gold resource at its Hog Ranch gold project, in Nevada.
The ASX-listed company on Tuesday announced the combined mineral resource for the Hog Ranch project had increased from 1.4-million ounces to 2.2-million ounces.
Rex reported that the total indicated resource has tripled from 180 000 oz to 560 000 oz.
“Any way you cut it, this is a great result. We have again moved the dial in a very meaningful way, with over two-million ounces of shallow oxide material in resource,” said Rox MD Richard Laufmann.
“The Bells project now has over half-a-million ounces of gold and we have more than doubled the indicated resource, while the mineralisation remains open in multiple directions.
“At the Krista project, now with over 1.5-million ounces in resource, we have identified large step-off extensions in addition to confirmation of a thick higher-grade core. Perhaps the most exciting new development is that we are also seeing from the new airborne data, that the largest and possibly most significant structures are still to be tested,” said Laufmann.