$0.1100.000

As at 08:17 AM 23/09/14
Price delayed by 20 minutes.

 

Proposed acquisition of Skin Elements to move forward to a formal vote

 

Share Purchase Agreement signed with majority holders

   

Minrex Resources Limited is a speculative exploration company looking to advance exploration for Gold and Tin in the Deflector Extended Gold Project in Western Australia and Heemskirk Project in Tasmania.

The Deflector Extended Gold Project is located approximately 50km South West of the town of Yalgoo, 150km East of Geraldton and 370km north-northeast of Perth. Access to the site is along the Morawa-Yalgoo Road.

The Deflector Extended project is located within the Gullewa Greenstone Belt, south of Yalgoo in Western Australia. The Gullewa Greenstone Belt is part of the Murchison Province of the Archaean Yilgarn Craton. The area has seen three distinct phases of gold mining since the late 1890’s. Historical mining has resulted in, primarily, gold production with other metals generally produced as by-product.

Initial exploration in the region occurred between 1960 and 1985 focussing both on the gold and the base metals potential of the region. Between 1985 and 1989 Golden Plateau NL in a Joint Venture with Aztec Exploration Limited explored the ground immediately to the south west of the project area at the Golden Stream workings.