Rox encounters more high-grades at Musket

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THE DRILL SERGEANT: It’s probably fair to say representatives of Rox Resources (ASX: RXL) will have a spring in their collective step at Diggers & Dealers next week.

The company has announced an encounter with further massive high-grade nickel sulphide intersections from recent Reverse Circulation (RC) drilling carried out at the Musket prospect.

Musket forms part of the company’s 100 per cent-owned Fisher East nickel project, located 500 kilometres north of Kalgoorlie in Western Australia.

Rox is conducting the RC drilling at Musket to define and delineate additional near-surface nickel sulphide mineralisation as part of a resource estimation it currently has underway.

“These new RC results back up the results we released from Musket a few days ago,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“It looks like we have identified a near-surface, thicker high-grade zone, which is consistently running above eight per cent nickel.

“The grades being recorded in this zone at Musket are similar to those intersected at Cosmos during the early exploration stage of that deposit, and those grades made the mine.”

The latest high-grade massive nickel sulphide intersections achieved include:

MFEC071
4 metres at 8.4 per cent nickel from 1 78m, including 2m at 14.7 per cent nickel; and

MFEC072

5m at 8.4 per cent nickel from 205m, including 3m at 12.1 per cent nickel, including 1m at 20.7 per cent nickel from 206m.

 

MFEC072 RC sample piles. Source: Company announcement

 

A further RC hole, MFEC074, drilled at the top of the main mineralised zone returned 1m at 3.6 per cent nickel from 142m, while hole MFEC073, drilled to the south of the mineralised zone did not return any significant result.

Rox said it is waiting on results from additional RC drilling at Musket, Cannonball and Corktree, which it expects to receive over the next two weeks.

The company has also completed an Aircore/RotaryAir Blast (RAB) drilling program, from which results are also expected within the next few weeks.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au