Overview of MinRex Resources' latest announcement

MinRex Resources Limited (ASX:MRR) has announced the identification of 14 new targets for immediate follow up at the Mt Pleasant Cu-Mo-Au project in the Lachlan Fold Belt of NSW. The targets include potential for skarn or orogenic Au; porphyry Mo-W-Cu and vein hosted polymetallic styles of mineralisation. The company plans to undertake field reconnaissance, soil sampling, and ground geophysical surveys for the remainder of 2024, with an initial focus on 6 high priority target areas.

Insights from MinRex Resources

The Company engaged Merlin Geophysics Pty Ltd to undertake geophysical data compilation, geological interpretation, and to identify targets for future exploration programs. The targets were identified based on geological setting, structural setting, geophysical anomalism, geochemical anomalism, and proximity to known historic workings. The study confirmed the prospectivity of existing known mineralisation and identified several high priority areas for a staged and targeted exploration program.

Summary of MinRex Resources' announcement

MinRex Resources' identification of 14 new targets at the Mt Pleasant Cu-Mo-Au project marks a significant development in their exploration efforts. The targets encompass a range of potential mineralisation styles, including skarn, orogenic Au, porphyry Mo-W-Cu, and vein hosted polymetallic deposits. The company's planned field reconnaissance, soil sampling, and ground geophysical surveys indicate a proactive approach to further exploration. With a focus on 6 high priority target areas, MinRex Resources is poised to advance its exploration activities and potentially uncover valuable mineral deposits in the Lachlan Fold Belt of NSW.