Project Overview
The Hog Ranch project is a gold development project located 270 kilometers north of Reno in northwest Nevada, USA and is wholly owned and operated by REX Minerals Ltd. (“REX Minerals”). The deposit was first discovered in 1980 as part of a joint venture between Noranda Exploration and Ferret Exploration.
The geological setting for the project is that of a large caldera complex with many different possible sites of gold mineralization yet unexplored. Currently there are 4 mineralization zones: Bells and Krista classified as oxide-type, and Cameco and Airport classified as sulphide type, with Krista being the most prominent zone with a resource estimate of 1,550 Koz of gold.
REX Minerals has actively increased the resource estimate at Hog Ranch since acquisition in August of 2019, having initially reported an estimate of 0.83 Moz Au to almost having tripled it since then through aggressive exploration in their March 2021 resource update.
In October 2022, REX Minerals completed the 2022 drill program totaling 4,000 meters at Krista, Airport and Bells with assay results demonstrating new gold targets in the area and strong evidence of further gold mineralisation expanding the Krista footprint. Furthermore, in December 2022, REX Minerals extended to Hog Ranch Gold Trend as a result of key gold pathfinder elements suggesting a large-scale trend extending from the Krista to Gillam Prospects for a total strike length of over 16 kilometers; confirming strong potential to unlock significant future value.
Hog Ranch continues to receive exploration work delivering bountiful sections of gold mineralization, with a new discovery at the Airport mineralization zone expanding the exploration targets further. Hog Ranch has also hosted an encouraging soil sampling campaign from which REX Minerals has high expectations that the soils can help unlock the bigger picture at the project.