Rox Resources Continues High-Grade Youanmi Gold Hits

THE DRILL SERGEANT: Rox Resources (ASX: RXL) provided an update on continuing drilling underway at the company’s Youanmi gold project near Mt Magnet in Western Australia, a joint venture with Venus Metals Corporation Limited (ASX: VMC).

Rox Resources reported assay results for four RC holes and two diamond holes from the current drilling program at Youanmi, drilled during May after a global Resource upgrade at Youanmi to 1.7 million ounces at 2.85 grams per tonne gold in June.

Results are pending for 14 RC and 14 diamond holes with drilling ongoing.

Highlights from latest results include:

17 metres at 5.14 grams per tonne gold from 151m, including 11m at 7g/t gold from 156m (Link)

9m at 4.57g/t gold from 148m (Junction)

2m at 10.02g/t gold from 268m (Youanmi South)

In conjunction with the high-grade intersection in RXRC402, assays were also received from two diamond extensional holes drilled at the Link deposit.

The results sit outside the current resource and demonstrate continuity of high-grade mineralisation at depth, including:

6.53m at 2.42g/t gold from 288m, including 1.71m at 6g/t gold from 289.2m and 3m at 3.47g/t gold from 309m.

2.03m at 7.18g/t gold from 450.15m.

Parallel hanging wall lodes above this returned 3.8m at 2.4g/t gold from 432.2m and 1.28m at 2.71g/t gold from 406.72m.

“We are very pleased to announce ongoing successful drilling results,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“These high-grade results at Link will contribute to resource growth at Youanmi.

“They transform an area at relevant mining depths that were previously modelled as low grade into a priority zone for adding ounces.”