Rex highlights Hillside extension potential

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THE DRILL SERGEANT: Assay results from infill drilling and new extensions at Rex Minerals’ 100 per cent-owned Hillside copper project on the Yorke Peninsula in South Australia have highlighted potential for shallow extensions to the Hillside Mineral Resource.

Rex Minerals said encouraging results were beginning to emerge from areas it had previously modelled as being outside of the Hillside conceptual open pit design.

 

Hillside magnetic image showing recent drill holes. Source: Company announcement

 

One particular area that has come to the company’s attention is the Dart structure, which Rex said continues to show higher than expected grades from the shallow southern part of the orebody.

The Dart structure extends for over 1.5 kilometres and is situated approximately 50 metres to the west of, and parallel to, the Zanoni structure.

Recent drilling results from the southern section of the Dart structure lie outside of the conceptual open pit.

Rex said it will be reviewing the recent high-grade Dart intercepts as part of a pre‐feasibility study, with the ultimate aim of optimising the production schedule with regards to the higher grade shallow resources.

Highlights from the recent drilling program at Hillside include:

Dart

–    22 metres at 1.3 per cent copper and 0.2 grams per tonne gold from 44 metres; and

–    32m at 1.2 per cent copper and 0.1g/t gold from 99m.

Parsee

–    29m at 1.4 per cent copper and 0.9g/t gold.

Songvaar

–    48m at 1.0 per cent copper and 0.1g/t gold from 75m;

–    40m at 1.0 per cent copper and 0.4g/t gold from 38m; and

–    12m at 1.8 per cent copper from 101m.

Leprena

–    18m at 1.4 per cent copper and 0.1g/t gold; and

–    18m at 1.0 per cent copper and 0.3g/t gold from 78m.

“The continued growth of Dart and other parts of the Hillside orebody are a fantastic result,” Rex Minerals managing director Steven Olsen said in the company’s announcement to the Australian Securities Exchange.

“If these results continue, as we expect, Rex is confident of significant additions to the Hillside mineable inventory during the Pre‐feasibility Study.”