Rox Resources continues good drill run at Cannonball

THE DRILL SERGEANT: Rox Resources (ASX: RXL) is pleased with the progress of its current drilling program being carried out at the company’s 100 per cent-owned Fisher East nickel project located 500 kilometres north of Kalgoorlie in Western Australia.

Rox said the results coming through from drilling at the Cannonball prospect, located roughly midway between the Camelwood and Musket nickel sulphide deposits, have indicated extensions to mineralisation previously reported.

Results include:

MFEC101
5 metres at 1.4 per cent nickel from 81m;

MFEC102
5m at 3.4 per cent nickel, including 2m at 6.0 per cent nickel from 114m;

MFEC103
3m at 1.5 per cent nickel from 87m; and

MFED066
4.5m at 2.3 per cent nickel from 293.5m.

Rox is confident the drilling is starting to display the potential of the Cannonball prospect, claiming the latest drill results complement previous results the company released in August 2014 that included:

MFEC078
10m at 2.2 per cent nickel from 154m; and

MFEC080
3m at 4.7 per cent nickel from 168m, including 2m at 6.0 per cent nickel.

“The drilling at Cannonball is proceeding nicely and will allow us to define a mineral resource there once the program, which is still ongoing, is concluded,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

According to Rox a number of additional diamond holes have been drilled at Cannonball, from which it is still awaiting assays.

The company noted visual observations from the drilling of a narrow zone (40cm) of high-grade sulphide at contact, then patchy blebby sulphides as well as a couple of one metre intersections of weakly disseminated sulphides.

The current drilling program at Fisher East is progressing with assays pending for further holes at Cannonball and also a number of holes at other prospects.

A second phase of RC drilling will commence shortly.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au