RENEX Exploration Announces Results of Silver Exploration in Venezuela

RENEX Exploration Limited is pleased to announce the latest drill results from its ongoing 2022-2023 exploration drill program in Northern Venezuela. Drilling focused on the existing operations, which has long been known as only disseminated gold deposit areas. The new drill results identified a new system of significant quartz veining containing very high-grade silver mineralization spanning 300 metres in strike length and remains open along strike. Additional assays are pending from follow-up core drilling in this area.

Marcus Hollis, Co-Founder and CEO commented: "Our team has taken a fresh view of Northern Venezuela, leveraging our history of successfully studying data, reinterpreting geology, and looking for new opportunities in under-explored areas. With our knowledge of the driving factors for high-grade mineralization, we identified a new high-grade silver system within the area that we will continue to follow along strike with additional drilling. These results confirm our belief that there is so much more to Venezuela than previously discovered. Even after its long history of successful mining, we believe VEnezuela remains an untold story."

Observations made during logging of the exploration project show an association between quartz veining and silver-bearing sulfides. To provide better definition, the remaining holes were drilled as core holes. Detailed logging of core holes at the sites confirm vein width, density, orientation, and the association of these silver-bearing minerals. Assay results from these holes also confirm the logged geology.

Additional drilling is underway to continue defining this system.