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Explorex Resources exploration plans on Buena Vista Hills Cobalt–IOCG Project in Nevada

Mining News - Published on Thu, 25 Apr 2019

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Explorex Resources Inc announced an update on the Company’s exploration plans on the Buena Vista Hills Cobalt – Iron Oxide Copper Gold project in Pershing County, Nevada and provide a corporate update.

Key Highlights

Planning Phase 1 drill program with initial three holes on Private Land requiring no permitting;
Objective is to confirm previously reported cobalt grades and extent of mineralization;
At Surface, thick and well developed oxidized cobalt target;
Near Surface semi-massive to massive high-cobalt tenor ‘Cobaltoan’ pyrite target;
Cobalt mineralizing fluids uniquely focused along massive magnetite body within major controlling structure;
Primarily on privately owned land; and
Currently formalizing Option Agreement to acquire 100%.

Buena Vista Drill Plan

The initial drill program is designed to target the cobalt mineralization observed in the immediate vicinity of the Segerstrom-Heizer open pit with the objective to confirm the historic cobalt grades and the indicated scale of mineralization. This can be accomplished quite economically utilizing a reverse circulation rig and quite expeditiously with the first three drill holes, totalling 750 metres (2,500 feet), located on private land requiring no permitting. Additional drill holes are planned and it is the Company’s intention to obtain permits for the proposed drill holes located on US Bureau of Land Management (“BLM”) Lands in support of the Phase 1 drill program.

Source :

Posted By : Sanju Moirangthem on Thu, 25 Apr 2019
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