Rex reviews Hog Ranch potential
PERTH (miningweekly.com) – Junior Rex Minerals has launched a strategic review process over its Hog Ranch gold project, in Nevada.
Rex told shareholders on Tuesday that the process would review the company’s options to accelerate exploration and substantially increase the scale and value of the project, with the review to consider a range of funding alternatives and take recent inbound interest into the property into account.
“Hog Ranch is a unique asset with huge scalability and upside that we would like to build upon as soon as is possible,” said Rex MD and CEO Richard Laufmann.
“Our vision for Hog Ranch is to double the existing resource by expanding the footprint at Krista, drilling the standout targets around Airport and exploring for the higher-grade potential at depth.
“We strongly believe that Hog Ranch has the potential to become a significant gold operation, and the strategic review being undertaken aims to define the best pathway forward to maximise value for our shareholders.”
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