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The latest announcement is out from MinRex Resources Limited ( (AU:MRR) ).
MinRex Resources Limited has reported encouraging assay results from its initial surface sampling at the Sunny Corner Project in the Lachlan Fold Belt, NSW. The results have identified five high-priority targets, reinforcing the potential of the project area for significant mineral discoveries. With results such as 6.73 g/t Au from Mitchells Creek and 298 g/t Ag from Lagoon Creek, the company plans further detailed exploration activities including soil sampling and geological mapping. These efforts are aimed at refining targets and maximizing the exploration potential of the region, potentially enhancing MinRex’s position in the mining industry and offering promising opportunities for stakeholders.
More about MinRex Resources Limited
MinRex Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources, particularly gold and base metals. The company is actively involved in the exploration of highly prospective areas, such as the Lachlan Fold Belt in New South Wales, aiming to discover economically viable mineral deposits.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.14M
See more insights into MRR stock on TipRanks’ Stock Analysis page.