Rox Resources Boosts Mt Fisher – Mt Eureka Gold Resource
THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported an increase to the Mineral Resource Estimate (MRE) for the Mt Fisher gold project (Rox 100%) and the Mt Eureka project (Cullen Resources Joint Venture).
The total Indicated and Inferred Mineral Resource for Mt Fisher – Mt Eureka now stands at 3.5 million tonnes at 1.65 grams per tonne gold for 187,000 ounces of contained gold.
“We are very pleased to announce this significant 110 per cent increase to the Mt Fisher – Mt Eureka Gold Resource and at a discovery cost of just $7 per ounce, it is a testament to the hard work and quality of our exploration geology team,” Rox Resources managing director Rob Ryan said in the company’s ASX announcement.
“Whilst the 3.2 million ounce Youanmi project sits at the forefront of the company’s future plans, the quality of our exploration asset at Mt Fisher should not be understated.
“The Mt Fisher greenstone belt has vast untapped potential, and we will continue to evaluate corporate and exploration opportunities to advance the project.”
The Mt Fisher – Mt Eureka gold project is in the Northern Goldfields, approximately 500 kilometres northeast of Kalgoorlie (about 120km east of Wiluna) within the Mt Fisher greenstone belt.
This belt is located 40km east of the prolific Yandal greenstone belt, host of large gold deposits including Jundee, Bronzewing and Mt McClure.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE