Vertex Minerals (ASX:VTX) secures renewal of Hill End tenement for two years - Kalkine Media

Highlights

• Vertex Minerals (ASX:VTX) has renewed the exploration license 5868 covering Hill End gold project for two years (announced on 9AUG2022).
• The Hill End area comprises multiple gold targets that are placed in proximity to the Hill End Gravity Gold plan.
• Recently, VTX also renewed an exploration licence covering its Hargraves gold resource for two years.

Vertex Minerals Limited (ASX:VTX) has reached yet another milestone with the renewal of the exploration licence that extends over its Hill End Gold Project. The company is engaged in advancing its Hargraves and Hill End gold projects and focuses on progressing the commercial production of gold from its Hill End & Hargraves Projects that are in the central west NSW.

VTX employs an environmentally sustainable method that uniquely positions the company as the first truly environmentally sustainable producer of green gold in Australia.

Exploration Licence 5868 renewed

VTX has renewed the Exploration Licence 5868 (EL 5868), covering the Hill End gold project, for two years. The company had applied for the complete area of 16 units, and the Department of Regional NSW has proposed to renew EL 5868 for the complete area.

Source: VTX Announcement 09/08/2022

Recently, the company was also granted an exploration licence covering its Hargraves gold resource. This EL was also renewed for a period of two years for the complete area of 6 units.

Hill End resource and potential

The Hill End project comprises multiple gold targets, including the Red Hill resource, Mares Tail, Reward and Germantown. These gold targets are located around the Hill End Gravity Gold plant.

Hill End hosts the Red Hill mineral resource that stands at 80,000 oz Au @ 1.7 g/t to 150m. On the other hand, the current resource of Hargraves stands at 2.3Mt at 2.38g/t Au for 177koz Au and forms a prospective satellite feed to the Hill End Gravity Gold plant.

Source: VTX Announcement 09/08/2022

In July 2022, VTX initiated RC drilling operations at the Red Hill Gold project, which were suspended due to an extended period of high rainfall in the area. Now, VTX will reinitiate the drilling program upon the availability of a suitable drill rig.

The Company also looks to undertake further components of the drilling and sampling campaign.