Highlights
- The upgraded Mineral Resource Estimate (MRE) for the Reward gold deposit now totals 419kt (278kt Inferred; 141kt Indicated)
- The upgraded MRE -- in line with the 2012 JORC Code -- was carried out by independent consultants HGS Australia
- Vertex Minerals mentions that a conceptual mine plan for the mine is presently in preparation to support a scoping study
Australia-listed gold explorer Vertex Minerals Limited (ASX: VTX) -- with advanced projects Hargraves and Hill End situated in the Eastern Lachlan Fold Belt (Central West NSW) -- has announced the completion of an updated Mineral Resource Estimate for the Reward gold deposit (Hill End Project). The upgraded MRE now totals 419kt (278kt Inferred; 141kt Indicated), with weighted average grade of 16.72 g/t gold for 225,200oz (154,700oz Inferred; 70,500oz Indicated).
Vertex adds that the upgraded MRE brings the global MRE for the Hill End and Hargraves Project to 485,000 ounces at 8.7 g/t.
Shares surge 34%
VTX’s ASX-listed shares traded at AU$0.130 (market cap over AU$4.8 million) at the time of writing on 21 June 2023, up more than 34% from the last close.
Source: Company update
More to come...