Rox hits wide copper intersection at Cannonball

THE DRILL SERGEANT: Rox Resources (ASX: RXL) has received further encouragement from a recent Reverse Circulation (RC) drilling program at carried out at the Musket and Cannonball prospects.

The two prospects are located within the company’s 100 per cent-owned Fisher East nickel project, 500 kilometres north of Kalgoorlie in Western Australia.

The company said it is conducting the RC drilling in order to both define and delineate near-surface nickel sulphide mineralisation as part of a resource estimation on Musket.

The drilling is also following up previous nickel sulphide intercepts Rox has made at the Cannonball prospect.

 

Musket-Cannonball Long Section. Source: Company announcement

 

“This new RC result from Cannonball opens things right up,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“Prior to this we had several intersections of about one metre thick grading three to four per cent nickel, which was encouraging, but now this hole has intersected a three metre width of similar grade showing that potential down dip for a new high-grade zone of thicker mineralisation could be quite strong.

“Further drilling is obviously required, but we could be looking at another deposit right under our noses at Cannonball, which is a very exciting proposition.”

The latest nickel sulphide intersections include:

MFEC078
10 metres at 2.2 per cent nickel from 154m;

MFEC080
3m at 4.7 per cent nickel from 168m, including 2m at 6 per cent nickel.

Rox said it considers the latest results have demonstrated the emerging potential at Cannonball, indicating the current drill results complement previous results of:

MFEC049
5m at 2.3 per cent nickel from 158m; and

MFEC042
5m at 2 per cent nickel from 114m.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au