THE BOURSE WHISPERER: Rox Resources has announced a maiden Mineral Resource for its 100 per cent-owned Mt Fisher gold project, located 450 kilometres north of Kalgoorlie in Western Australia’s goldfields region.
“In just twelve months we have established a maiden resource of almost one million tonnes and added considerable value to the company through exploration,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
Mt Fisher mine – long section. Source: Company announcement
“We are confident further value will be added with follow up drilling later this year.
“Geophysical surveys carried out at Mt Fisher in 2011 identified numerous highly prospective gold targets which we will test this year.
“This is a major milestone for Rox Resources. We anticipate further milestones will be achieved over the next 12 months as we continue to define the resource, conduct pit optimisation and metallurgical test work.”