Rex confirms Hillside potential

/in /by

THE DRILL SERGEANT: Rex Minerals has received further assay results from infill drilling and new extensions at the company’s 100 per cent-owned Hillside copper project on the Yorke Peninsula in South Australia.

The company said the new results continue to confirm the potential for it to be able to add to the open pit resources and will play a significant part in Rex optimising Hillside’s Pre‐feasibility production schedule.

The company also claimed the higher than expected copper grades received along the Dart and Zanoni structures, suggest the potential for this zone of high-grade copper to extend for over 600 metres.

 

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

 

Highlights from the recent drilling program at the Zanoni structure at Hillside include:

57 metres at 1.8 per cent copper, 0.4 grams per tonne gold and 20 per cent iron. (2.1 per cent copper equivalent).

Including 9m at 4.3 per cent copper, 0.8g/t gold and 33 per cent iron. (4.8 per cent copper equivalent);

Including 11m at 4.6 per cent copper, 1.4g/t gold and 25 per cent iron. (5.2 per cent copper equivalent); and

40m at 1.0per cent copper, 0.2g/t gold and 14per cent iron. (1.2per cent copper equivalent);

Including 3m at 8.8 per cent copper, 1.2g/t gold and 30 per cent iron. (9.1 per cent copper equivalent).

*All assay results are reported as down hole lengths.

“As we continue to infill drill at Hillside, we are identifying new areas of high grade copper mineralisation that potentially could become part of the early open pit production schedule,” Rex Minerals managing director Steven Olsen said in the company’s announcement to the Australian Securities Exchange.

“Rex is confident that further results of this calibre will be delivered over the coming months as we work towards finalising the Pre‐feasibility Study at Hillside.”

Rex currently has five diamond drill rigs focussed on the Hillside project primarily focussed on Resource infill drilling, Resource extensions, metallurgical drilling and geotechnical drilling.

Two additional exploration drill rigs are also focussed on testing regional targets.

These two rigs are expected to continue on the regional drill program until mid to late April testing features at Rex’s Equis, Port Julia and Ranald targets.