Rex Minerals Limited (ASX:RXM) Drilling At Hillside Project Confirms Shallow Copper Mineralisation On A Third Magnetic Target, Songvaar

Melbourne, Oct 20, 2009 AEST (ABN Newswire) - Rex Minerals Limited (ASX:RXM) has recently commenced drill testing of a third target area known as the Songvaar magnetic anomaly. The Songvaar magnetic anomaly was defined from the Company's recently completed high resolution magnetic survey (announced 24 August, 2009), and lies east of and parallel to the Zanoni and Parsee.

Two drill holes (HDD045 and HDD046) have successfully intercepted shallow copper mineralisation on the Songvaar magnetic anomaly. HDD045 has intersected the copper minerals malachite, chalcopyrite, chalcocite and bornite over a various intervals from 78m. Significant amounts of chalcopyrite have been observed over a total length of 57m from a down hole depth of 161.7m in HDD045. HDD046 has intersected the copper minerals malachite, cuprite, native copper and minor chalcocite from 84m down hole. Both drill holes are situated 500m apart, and together with drill hole HDD039 (announced October 12th) indicate that the Songvaar magnetic anomaly contains shallow copper mineralisation over a strike length of 800m, open in all directions.

Recent drilling over the Zanoni, Parsee and Songvaar magnetic anomalies has been successful in defining shallow copper mineralisation (from around 100m beneath the surface) on all three structures. The drilling results confirm that the detailed magnetic survey will continue to underpin the future discovery and definition of copper mineralisation at Hillside.

Assay results for HDD045 and HDD046 are anticipated in mid November.

Rex Managing Director Mr Steven Olsen said "the Hillside Project on the Pine Point Copper Belt consistently delivers. Over the last 7 weeks, each new magnetic target that has been drill tested has clearly shown strong copper mineralisation.

Contact

Steven Olsen (Managing Director) or Janet Mason (Company Secretary) Phone: +61-3-5337-4000 E-mail: info@rexminerals.com.au