Rex Resources Corp V.OWN

Rex Resources Announces Planned 2022 Exploration

[Betteryear2]

Vancouver, B.C., April 26, 2022 (GLOBE NEWSWIRE) -- Rex Resources Corp. (TSX-V:OWN), (“Rex” or “the Company”) is pleased to announce that it has approved a summer 2022 exploration program at Eagle Plain Resources Corp.’s (TSX-V:EPL) (“EPL”) 100% owned Kalum Property located approximately 35 km northwest of Terrace, British Columbia in the Skeena Mining Division. The planned program is budgeted at $150,000 and will include detailed mapping, prospecting, and surficial geochemical surveys including systematic soil & rock sampling at the Bling Rico, Babit-God, Tojo and Hat Zones. The program aims to further define and extend mineralized trends highlighted in historic work. The results from the 2022 program will be used to further interpret the property mineralization model and generate drill-ready targets for future programs. The Company holds the exclusive right to earn an undivided 60% interest in the property by completing exploration expenditures of $3,000,000, making cash payments of $500,000 and issuing 1,000,000 common shares to Eagle Plains over a four year period.

Rex Resources Announces Planned 2022 Exploration at Kalum Gold Property, Golden Triangle Region, BC & Non-brokered private placement financing