MinRex clinches acquisition of highly prospective East Pilbara tenements
Junior gold explorer, MinRex Resources (ASX:MRR), has today settled its acquisition of a 70 per cent interest in highly prospective East Pilbara tenements.
Work has already commenced on an initial program of works, with the collation and review of historical data underway.
Exploration work will begin on the tenements as soon as practicable.
MRR non-executive chairman, Dr James Ellingford, commented: “The acquisition of a 70 per cent interest in the East Pilbara Tenements marks an exciting new phase in the history of MinRex, and the company is poised to join its near neighbours in further developing the East Pilbara region and driving shareholder wealth.”
At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.
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