THE DRILL SERGEANT: Rox Resources (ASX: RXL) released an updated version of the gold resource at the company’s Mt Fisher gold project in Western Australia.
Rox Resources explained the update now complies with the 2012 version of the JORC Code.
“There is no difference between the figures in the 2004 JORC Code resource estimate and this updated one,” Rox Resources said in its ASX announcement.
“However, the current updated version now has additional background information and disclosure as required by the 2012 JORC Code.”
Mt Fisher comprises three separate gold deposits at Moray Reef, Mt Fisher and Damsel.
The current JORC 2012-compliant Resource stands at:
973,000 tonnes at 2.75 grams per tonne gold for 86,080 ounces of gold, comprising:
Measured: 171,900 tonnes at 4.11g/t gold for 22,712 ounces;
Indicated: 204,900 tonnes at 2.82g/t gold for 18,548 ounces; and
Inferred: 596,200 tonnes at 2.34g/t gold for 44,821 ounces.
“With outstanding results from recent aircore drilling, a number of strong targets for gold mineralisation and increased resources have been identified,” Rox said.
“A 3,600 metre program of RC drilling has been designed to test these targets at Dam, Dam North, Damsel, Damsel South, Dirks and Shiva.”