Vertex Minerals (ASX:VTX) updates resource for Reward deposit at Hill End Gold Project - Kalkine Media

Highlights:

• Vertex Minerals Limited has completed an updated Mineral Resource estimate for the Reward gold deposit at its wholly owned Hill End Gold Project.
• Independent consultants, Groundwork Plus, estimated the resource for the Reward Gold Mine in accordance with the 2012 JORC Code guidelines.
• The Indicated and Inferred Resources for Reward now stand at 837 kt @ 8.5 g/t Au for 277,000 oz reported above a 2 g/t Au cut-off grade.
• Not just that, the company says there is a strong potential to continue growing the resource, with mineralisation open in many directions and on parallel structures.
• With this update, the Global Resource for Hill End & Hargraves is now 4.6 million tonnes at 3.3 g/t Au for a total of 485,000 ounces of contained gold.

Gold explorer Vertex Minerals Limited (ASX:VTX) has completed an updated Mineral Resource estimate for the Reward gold deposit at its wholly owned Hill End Gold Project, located near Orange in the NSW Lachlan Fold belt.

Reward deposit resource update

The Reward Resource is situated just next to the permitted Hill End gravity gold plant.

Reward Gold Mine’s upgraded resource now stands at 837 kt at 8.5 g/t Au for 277,000 oz (above a cut-off grade of 2 g/t Au):

Source: Company update dated 23 November 2022

This is what Executive Chairman Roger Jackson said:

© 2022 Kalkine Media®, data: Company update dated 23 November 2022

Global resource estimate for Hill End and Hargraves Projects now…

With this upgrade, the company’s Global Resource estimate for the Hill End Project and the Hargraves Project now totals 485,000 ounces:

Source: Company update dated 23 November 2022

More on Vertex Minerals Limited

Vertex is a gold exploration and development company based in Australia with its advanced Hargraves and Hill End gold projects situated in the highly prospective Eastern Lachlan Fold Belt of Central West NSW.

The Company’s focus is to advance the commercial gold-production from its NSW projects using an ethical and environment sustainable methodology, to uniquely position itself as the country’s first truly environmentally sustainable producer of what is calls ‘green’ gold.

VTX shares were trading at AU$0.125 apiece as on 24 November 2022.