THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced assay results from a recently completed aircore drilling program conducted at the company’s Mt Fisher gold project, north of Leonora in Western Australia.
Rox Resources said the Mt Fisher drilling campaign comprised approximately 117 holes, with the focus being the Dam, Damsel, Dirks and Shiva prospects.
The company has already identified mineral resources of more than 86,000 ounces of gold at Mt Fisher and considers the latest results to have provided excellent potential for further exploration to add to resources.
The gold target areas lie to the west of the company’s nickel deposits at Fisher East.
Better results include:
4m at 6.1 grams per tonne gold from 48m depth at Dam North;
4m at 1.1g/t gold from 44m depth at Dam;
4m at 2.75g/t gold from 32m depth at Damsel;
8m at 2.4g/t gold from 20m depth at Damsel;
4m at 3.5g/t gold from 40m depth at Dirks; and
4m at 1.3g/t gold from 36m depth at Shiva.
“These are outstanding drilling results,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“They have identified new anomalies at Dam North, extended known gold trends at Damsel and Dirks, and confirmed infill at Shiva.
“The results highlight the excellent gold endowment of the Mt Fisher project, and the possibility of identifying high-grade gold zones.
“We will now plan our follow-up RC and/or diamond drilling campaign.”
Rox believes the Dam-Damsel-Shiva area has similarities to the 3.6 million-ounce Bronzewing deposits some 75km to the southwest.
The company indicated it is using the extensive knowledge base that was built up in the 1990s and 2000s regarding Bronzewing and the Yandal Belt in its exploration program design.