THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported “encouraging results” from a recently-completed RC drilling program at the company’s Fisher East project in Western Australia.
Rox Resources said the program had generated the first ever intersection of massive and disseminated nickel sulphides at the Mt Tate prospect, expanding the prospectivity of the Fisher East Ultramafic Belt.
“This new discovery at Mt Tate supports our confidence that Fisher East is an extremely fertile Ultrmafic Belt,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“Mt Tate is now the fifth nickel sulphide mineralised zone we have identified after Camelwood, Musket, Cannonball and Sabre.
“In addition, the indications of nickel sulphides at Cutlass and Sabre North are also encouraging and worthy of follow-up.
“Our Mineral Resources at Fisher East are 2.04 million tonnes at 2.5 per cent nickel (at a 1.5% Ni cut-off) for 50,600 tonnes of contained nickel, and we are confident of adding to these resources as we continue to test new targets and drill deeper holes at known deposits.”
Highlights of the Mt Tate drilling include:
1 metre at 0.88 per cent nickel from 121m, within semi-massive sulphides.
2m at 1.45 per cent nickel from 94m, transitional disseminated nickel sulphide.
4m at 0.57 per cent nickel from 141m, disseminated sulphides.
2m at 1.42 per cent nickel from 146m, disseminated sulphides.
1m at 0.81 per cent nickel from 196m, disseminated sulphides.
1m at 0.85 per cent nickel from 125m, within massive sulphide.
4m at 0.43 per cent nickel Ni from 108m, and 4m at 0.35 per cent nickel from 134m, two zones of low grade disseminated nickel sulphides.
At Sabre North:
5m at 0.67 per cent nickel from 115m, disseminated sulphides.
Rox Resources said a seven-metre-thick massive pyrite zone at Mt Tate sits approximately 20m stratigraphically above (downhole because sequence is over-turned) the nickel sulphide zone.
This massive pyrite zone was also intersected at Tomahawk, which the company considers to be of importance interpreting it to show a strong sulphide source is present, which is an essential ingredient to the formation of nickel sulphides.
Rox intends further investigation of the mineralisation at Mt Tate with downhole EM before deeper drilling is contemplated.
Diamond drilling is currently underway at Fisher East to test downhole EM anomalies at Camelwood, Musket, and Sabre.