encouraged by high grades at st arnaud

Sydney - Tuesday - April 15: (RWE Aust Business News) - Rex
Minerals (ASX:RXM) has received encouraging high grade gold results from
the initial phase of diamond drilling at the St Arnaud gold project in
central Victoria.
Highlights from the drilling results include a spectacularly high
grade gold assay plus some supporting assay results which include 1m at
1,174 grams per tonne gold from 425m, 1m at 11.24g/t from 258m and 1m at
3.43g/t gold from 250m.
The assay results highlighted above are from the first of three
targets that have been drilled to date at St Arnaud.
All three targets exist directly underneath some of the region's
more significant historical gold mines, with the first target situated on
the northern end of the Bristol line.
The results received to date have confirmed the presence of high
grade gold mineralisation beneath the old workings on the Bristol line at
St Arnaud, with results from another two target locations on the Nelson
Line still pending.