MinRex Resources completes first East Pilbara programs

By Megan Graham. Published at May 31, 2018, in Mining

MinRex Resources Limited (ASX:MRR) has today informed the market it has now completed the first detailed geological evaluation and sampling program on the five East Pilbara tenements for which it currently holds a 70% interest.

Earlier in the year, MRR provided two updates relating to its Marble Bar North and South projects, including the recovery of gold nuggets from the Marble Bar North project tenement (P45/3040) announced in January. The following month, it released assay results for ten rock samples collected from the Marble Bar South project tenement (P45/3039).

The program MRR just finished involved a more detailed data compilation and review of historic mining and mineral exploration within the East Pilbara project areas, which can now provide a basis of information to inform the upcoming round of field exploration work.

The company is following the plan it had previously released to the market, that would see it initially focus on the collection of a significant number of rock samples from the areas of old workings at Marble Bar, and also the workings at the Daltons project and the previously defined prospect areas at the Bamboo Creek project.

The field team for the work was mobilised to the East Pilbara in May, collecting a total of 190 samples from old workings, prospects and outcropping rock formations. These samples have now been submitted for multi-element analysis at a laboratory in Perth, with assay results expected in mid-June 2018.

MRR hopes that the imminent results will add to the promising gold assay results and gold nuggets it obtained from the Marble Bar Project (both South and North project areas) earlier in the year. Once the sampling results are in, the company can then make decisions regarding which projects and areas to target in future efforts.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

Marble Bar North tenement P45/3040, old workings and previous gold nugget locations.Current listing of the East Pilbara Tenement holdings of MinRex Resources.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!