Rox Resources hits deep massive nickel sulphides at Camelwood
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has drilled a deeper diamond hole into the Main Zone of its Camelwood nickel sulphide prospect at Fisher East, located 450km north of Kalgoorlie in Western Australia.
According to Rox the hole has intersected a significant width of massive nickel sulphides at over 420m vertical depth.
Additional assays received from further reverse circulation (RC) holes at Camelwood have extended the strike extent of the mineralisation by over 500 metres to the south from previous drilling, extending the total strike length to 1.2 kilometres.
Rox said the assay results also indicate potential for a higher grade Southern Zone.
Camelwood prospect drill hole plan. Source: Company announcement
“Intersecting 2.2 metres of massive sulphides in hole MFED026 completely opens up the lower half of the Camelwood deposit and demonstrates to us that the mineralisation is continuing strongly at depth,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“In addition to the Main Zone, we now have higher grade mineralisation to follow-up at the Southern Zone, which we believe could be the top of another mineralised shoot.
“Our Camelwood deposit is turning out to be a very significant body of nickel sulphide mineralisation, still open at depth and along strike to the south and full of surprises
“Extensive further drilling is required to fully evaluate the deposit since the EM conductor has been modelled to extend to at least 700 metres vertical depth.”
Hole MFED026 at the Main Zone is the deepest mineralised hole Rox has drilled to date at Camelwood.
The hole was drilled to follow up a down hole EM anomaly indicated from hole MFED019.
RC holes MFEC031 and 033 conducted on the Southern Zone were drilled at the southernmost end of the defined strike of Camelwood.
Hole MFEC033 intersected 2m at 3.5 per cent nickel, including 1m at 5.7 per cent nickel from 119m.
This strong result leaves the Southern Zone open along strike to the south and open at depth.
Rox considers this latest intercept, together with the previously reported 4m at 1.9 per cent nickel from 140m (MFEC030), may indicate the top of a possible new shoot of thicker, higher grade mineralisation now termed the Southern Zone.
Follow-up diamond drilling beneath RC hole MFEC033 will commence shortly.