# Minrex kicks off greenfield gold-silver drilling in Serbia

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/minrex-kicks-off-greenfield-gold-silver-drilling-in-serbia--76fbdb4e-d148-4f99-9c8b-491b81b710af

Original source: https://stockhead.com.au/resources/minrex-kicks-off-greenfield-gold-silver-drilling-in-serbia/

Publisher: stockhead

Original announcement: 2026-09-16T02:44:07.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-16T03:03:33.662Z

Atlas analysis updated: 2026-09-16T03:03:33.662Z

- Company: Minrex Resources

- Ticker: MRR

- Exchange: Unavailable

- Region: Serbia

- Primary commodity: Gold

- Secondary commodities: Silver, Arsenic, Antimony, Lead, Zinc

- Document categories: Resource update, Drill results, Other

- Extracted: 2026-09-16 03:03:34 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Minrex Resources has commenced a 33-hole greenfield drilling program at the Tlamino project in Serbia to test extensions of the Barje deposit. The program targets the Western and Eastern Expansion targets and the Barje-Liska corridor, aiming to test the continuity of the gold-silver hydrothermal system.

Reasoning: The announcement marks a transition from infill/resource definition to systematic greenfield exploration, which is a high-novelty milestone for the project.

- Positive factor: commencement of maiden greenfield drilling

- Positive factor: expansion from resource definition to discovery drilling

- Positive factor: systematic 33-hole program targeting extensions

Facts used in scoring: 3

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The program is designed to test extensions beyond the known Barje deposit into the Western and Eastern Expansion targets.

Evidence · text

> test whether the mineralised system extends beyond the known Barje deposit

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The document mentions the completion of a Barje infill program and upcoming infill assays.

Evidence · text

> The greenfield campaign follows completion of Minrex’s Barje infill program

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/minrex-kicks-off-greenfield-gold-silver-drilling-in-serbia--76fbdb4e-d148-4f99-9c8b-491b81b710af#fact-drill-facts-0)

Tlamino · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Tlamino
- Commodity: gold
- Region: serbia
- Reported Region: serbia
- Ticker: MRR

#### Geometry

- Intercept: 6604 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QA/QC Methods: standards, blanks

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: This is a planned drilling meterage, not a completed intercept.

- Positive factor: planned systematic drilling

Evidence · text

> 33-hole program for about 6604m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (2)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/minrex-kicks-off-greenfield-gold-silver-drilling-in-serbia--76fbdb4e-d148-4f99-9c8b-491b81b710af#fact-resource-facts-1)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Region: serbia
- Reported Region: Serbia
- Ticker: MRR

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1cac3ae8a819d62a65cf
- Deposit or zone: Barje
- Resource basis: attributable

#### Resource Data

- Category: inferred
- Tonnes: 7100000
- Grade: 2.5
- Grade Unit: g/t
- Contained Metal: 570000
- Contained Unit: oz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: This is a restatement of a foreign NI 43-101 Inferred estimate, not a new Minrex resource.

- Negative factor: foreign estimate

Evidence · text

> Barje currently carries a foreign NI 43-101 Inferred estimate of 7.1Mt at 2.5g/t gold

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/minrex-kicks-off-greenfield-gold-silver-drilling-in-serbia--76fbdb4e-d148-4f99-9c8b-491b81b710af#fact-resource-facts-2)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Region: serbia
- Reported Region: Serbia
- Ticker: MRR

#### Resource scope

- Estimate type: resource
- Resource group id: resource:1cac3ae8a819d62a65cf
- Deposit or zone: Barje
- Resource basis: attributable

#### Resource Data

- Category: inferred
- Tonnes: 7100000
- Grade: 38
- Grade Unit: g/t
- Contained Metal: 8.8
- Contained Unit: moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: This is a restatement of a foreign NI 43-101 Inferred estimate, not a new Minrex resource.

- Negative factor: foreign estimate

Evidence · text

> 7.1Mt at 2.5g/t gold and 38g/t silver for 570,000oz gold and 8.8Moz silver

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
