Rex Resources Corp. announced that it has approved a summer 2022 exploration program at Eagle Plain Resources Corp.'s 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. The 2,870 ha property is flanked by a large intrusive stock that has intruded sedimentary rocks of the Bowser Lake Group.

There are at least fifteen mineral showings on the property coincident with the contact zones of these intrusive plutons and large-scale structural zones. Mineralization is dominantly high-grade, epithermal/mesothermal, polymetallic and gold-bearing veins that are hosted within both intrusive rocks and country rock. Eagle Plains acquired the property in 2003 and completed significant exploration programs on the property in 2003 and 2004.

The programs included a VTEM airborne survey, extensive geochemical programs, geologic mapping, and a 19-hole diamond drill program. The best drill results from this work included drill-hole KRC04001, drilled at the Rico showing (discovered by Eagle Plains), which returned 35g/t Au over 2.5m from 101.8m to 104.3m; including a 0.5m interval that assayed 107g/t Au. Historical sampling at the Chris occurrence reported a grab sample of 158 g/t Au and 5,536 g/t Ag.

At the Martin showing area, sampling by Eagle Plains in 2004 returned 34.0 g/t Au and 83.0 g/t Ag from a grab sample of sulphide bearing quartz vein material. The Martin area has never been drill tested. The property area has seen exploration activity by various operators over the years, with the most recent diamond drilling carried out in 2012 by Clemson Resources, who drilled a single hole to test for high-grade mineralization in an area outside of present claim boundaries.

2020 work by Eagle Plains included high resolution orthophoto & LIDAR surveys and an airborne magnetic & radiometric geophysical survey covering the western portion of the property. All work to date continues to support the interpreted potential for the Kalum Property to host both high-grade gold-silver deposits and lower-grade bulk-tonnage type gold mineralization.